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.

Mikail Jaman (Mikail Jam'an) analyzes Indonesia's tax incentive strategies for navigating the Industrial Revolution 4.0. With Indonesia ranking 6th globally in startup numbers (1,831 companies), this article examines the Making Indonesia 4.0 policy, R&D tax incentives, import duty exemptions, and recommendations to boost startup competitiveness through fiscal stimulus.