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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.

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.

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.

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.

Putranto Alliance recently completed a surveillance audit for ISO 27001 as part of its ongoing commitment to information security. In today’s digital landscape, safeguarding sensitive data is paramount, and ISO 27001 provides a structured framework to help organizations protect their information systems.

The recently introduced Golden Visa program offers exciting opportunities for foreign nationals looking to invest or work in the country. The launch of this program aims to attract foreign investors and skilled professionals, offering long-term residency in exchange for substantial investments.

In today’s digital age, data breaches pose serious risks to individuals and organizations. Protecting personal data is vital for maintaining trust and ensuring regulatory compliance. This guide explains steps to take after a data hack, the potential damages, and effective ways to safeguard your information.