The Indonesian government has recently introduced significant changes to the Fixed-Term Employment Agreement (PKWT) regulations, impacting both employers and employees. As we delve into the key provisions of these new rules, it’s essential to understand their implications and adapt accordingly. PKWT Regulations Overview Following a Constitutional Court (MK) decision to
Indonesia’s tax system has undergone significant changes in recent years, particularly with the introduction of the PPh 21 TER regulation. As businesses and individuals adapt to a rapidly evolving financial landscape, it’s crucial to understand the updates in the regulation and how they affect both taxpayers and employers. What is
In a bold step towards simplifying tax administration and improving compliance, Indonesia has introduced a new tax system called CoreTax. This overhaul of the country’s tax framework aims to modernize the tax system, streamline processes, and reduce the compliance burden on businesses. But what exactly is CoreTax, why is it
Indonesia, as a rapidly developing economy in Southeast Asia, has a complex regulatory framework designed to foster business growth, maintain transparency, and ensure accountability within its business ecosystem. One crucial aspect of this regulatory landscape is the obligation for companies, even those without any financial activity, to comply with mandatory
As Indonesia approaches 2025, the country finds itself at a crossroads, poised for transformation on multiple fronts. With a new president taking office, groundbreaking regulatory reforms underway, and a shift in tax policies that promises to reshape the business landscape, Indonesia is heading toward an era of economic growth driven
In a significant move aimed at boosting state revenue, Indonesia has increased its Value Added Tax (VAT) rate from 11% to 12%, effective January 2025. This change marks one of the most important tax adjustments in recent years and comes as part of broader efforts to strengthen Indonesia’s fiscal position
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