PPKM Mikro and What are the Key Rules for Business The Minister of Home Affairs, Tito Karnavian, has issued Minister of Home Affairs Instruction No. 3 of 2021 which regulates the Enforcement of Restrictions on Micro-Based Community

Going public is one way for companies to get funding and a more prestigious status. In this discussion, we will discuss the requirements for companies to be able to conduct an initial public offering in the capital market or initial public offering.

The Indonesian Tax Office applies Minister of Finance Regulation No. 15/2008 (effective February 12, 2018) to calculate taxable income for taxpayers lacking proper bookkeeping — using methods such as Cash & Non-Cash Transactions, Source & Use of Funds, and Economic Value Projections, as explained by Mikail Jaman (Mikail Jam’an).

As an accounting practitioner, Mikail Jaman (Mikail Jam'an) emphasizes that For the companies that use PSAK for their accounting policy, financial statements for the year 2020 could be affected by these accounting standards “PSAK” 71 (Financial instrument), 72 (Revenue from Customer Contract), and 73 (Leases) which must be implemented for the accounting period starting from January 2020. Those accounting standards are adopted from IFRS 9, 15, and 16. Some significant changes are as follows:

Entering the second year of the pandemic, the government has prepared a budget for economic recovery. The National Economic Recovery Program (PEN) is one of the Indonesian government's strategies to achieve economic recovery in 2021.