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.

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.

Accurate financial statements are essential for ensuring transparency and guiding sound business decisions. They serve as a critical tool for stakeholders—such as management, investors, and regulators—to assess a company’s financial health and support sustainable growth.

As we step into the new fiscal year, the deadline for filing Annual Tax Return (SPT Tahunan) for both individuals and organizations in Indonesia is fast approaching. For individual taxpayers, the deadline is March 31, while corporate taxpayers are required to file their reports by April 30.

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.

Businesses in the food, pharmaceutical, and cosmetics industries must ensure they have the proper BPOM license. This certification not only guarantees compliance with Indonesian standards but also protects consumer safety and opens doors to international markets.

For small-scale food businesses in Indonesia, particularly those operating from home, the PIRT (Sertifikat Produksi Pangan Industri Rumah Tangga) License is a critical certification.

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.