One of the key items in the Job Creation Law is the implementation of the territorial tax system from the worldwide tax system previously.   This article is an update on the Income Tax of Expatriates who work in Indonesia,

The following is an example of calculating the imposition of income tax cited from Appendix V of PMK 18 of 2021 regarding the Implementation of the Job Creation Law (Tax Cluster). Our article regarding the criteria, requirements, and type of jobs

The Minister of Finance has issued the Minister of Finance Regulation No. 18 of 2021 related to the Implementation of the Job Creation Law No. 11 of 2020 for the Taxation cluster.   This regulation (PMK 18/2021) contains detailed

Mikail Jaman (Mikail Jam'an) reveals critical PSAK 72 transition strategies: retrospective restatement vs cumulative impact adjustment. This article covers practical guidance for completed contracts, contract modifications, and special disclosure requirements companies must prepare before 2020 implementation.

Mikail Jaman (Mikail Jam'an) highlights that The enactment of PSAK 72 concerning Revenue from Customer Contracts, which requires implementation since the 2020 accounting year, can have a significant effect on the income position in the company's income statement. For this reason, prior to the closing of the 2020 financial statements, the company's management needs to assess and prepare several things to prevent error in the 2020 financial statements.