Blog

Listed below are our blogs, where we provide valuable insights, timely updates, and expert advice that delve into the latest trends shaping your industry.

RUPS Blog Post Image

Preparing a Successful RUPS

The Annual General Meeting of Shareholders (RUPS) plays a crucial role in shaping a company’s leadership and long-term strategy through decisions such as board restructuring and policy changes. It serves as a key forum to ensure transparency, accountability, and strategic corporate governance.

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KBLI

Keep Business Safe and Compliant in Indonesia with Correct KBLI

The Standard Classification of Indonesian Business Fields (KBLI) is essential for ensuring that businesses are properly categorized based on their activities, which affects licensing, taxation, and regulatory compliance. Registering under the correct KBLI code is crucial, as it helps the government monitor operations and ensures businesses meet all legal and industry-specific requirements.

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Image for Coretax

Key Insights to Adapting Your Business to Coretax

Cited from detikFinance (8/11/2024), the Ministry of Finance announced that Coretax will launch in early 2025. Part of the Tax Administration System Renewal Project under Presidential Regulation No. 40/2018, Coretax aims to centralize tax management, enhance transparency, and simplify compliance for businesses.
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Understanding VAT

Understanding VAT and Luxury Goods Tax (STLG) in Indonesia

Indonesia’s tax system includes two key consumption taxes: Value Added Tax (VAT), known locally as Pajak Pertambahan Nilai (PPN), and the Sales Tax on Luxury Goods (STLG). While VAT applies broadly across goods and services, STLG is an additional tax on luxury items, aimed at regulating high-end consumption and promoting social equity.
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Apartment management fees VAT

What You Need to Know About VAT on Apartment Management Fees

The recent proposal to impose an 11% Value Added Tax (VAT) on apartment management fees in Indonesia has raised concerns among apartment owners and investors, particularly regarding the potential increase in living costs and its impact on the property market. This move affects essential services such as security, cleaning, and maintenance of common areas.
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Navigating Bankruptcy

Navigating Bankruptcy in Indonesia: Key Impacts and Procedures

Bankruptcy in Indonesia, governed by Law No. 37 of 2004, occurs when debtors fail to meet financial obligations, leading to court-ordered asset management. The Sritex case highlights the complex impacts of bankruptcy on workers, investors, and the broader business environment, showcasing its multifaceted consequences.
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PKPU

Utilizing PKPU for Business Stability and Debt Resolution​

The PKPU process, under Indonesia’s Law No. 37 of 2004 on Bankruptcy, helps debtors in financial distress negotiate debt repayment with creditors. This legal framework aims to prevent bankruptcy, allowing businesses to address obligations and continue operations while providing structured relief to debtors.
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