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Join our exclusive One-Day Workshop on "𝗛𝗼𝘄 𝘁𝗼 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗧𝗣 𝗗𝗼𝗰," designed to provide hands-on guidance through the latest updates in Indonesia’s transfer pricing (TP) regulations. Tax Regulation PMK 172/2023 has introduced important changes to the transfer pricing framework, including a broader interpretation of the arm’s length principle (ALP) and updated guidance on transfer pricing methodologies, comparability analysis, and substance verification for ALP testing. This workshop will address these crucial updates, helping participants align with the latest standards on fiscal year 2024. With a special focus on cross-border transactions—particularly those involving affiliated companies in Singapore—this workshop is essential for Batam-based businesses to prepare and submit TP Doc.Don’t miss this chance! Limited to 50 participants only (preferably with basic tax knowledge, to be conducted in Bahasa Indonesia) https://bit.ly/REGTPD

After the issuance of Pillar One - Amount B under the BEPS 2.0 framework, affiliated transactions in Indonesia have undergone significant changes. Pillar One aims to regulate the allocation of taxing rights for multinational companies, especially those operating in the digital market, by introducing new rules concerning profit allocation and nexus. In the context of Indonesia, these rules impact the treatment of affiliated transactions, particularly in determining the arm's length principle for transactions between related parties, such as transfer pricing or the use of intangible assets. The regulation focuses on simplifying the method for determining the arm's length price for routine distribution transactions involving products or services. The objective is to provide clearer guidance and a consistent global standard for determining fair remuneration for distribution functions within corporate groups. This is expected to reduce potential tax disputes related to transfer pricing while providing legal certainty for businesses in Indonesia in conducting affiliated transactions following the implementation of Pillar One - Amount B BEPS 2.0. RDJ ADVISORY Tax and Advocate Tax, Transfer Pricing and Legal Services www.rdj-advisory.com #RDJAdvisory #TaxandAdvocate #PillarOne

Di awal tahun saya mengambil sertifikasi Brevet AB di Ikatan Akuntan Indonesia. Saya ingin sharing terkait apa yang saya pelajari dari perpajakan. Berikut post pertama saya tentang Pajak yaitu: Pajak Penghasilan Pasal 26 🔍 Understanding PPh 26: Navigating Indonesia’s Withholding Tax for Foreign Income 🌍 PPh 26, or Income Tax Article 26, is a 20% withholding tax on income received by non-resident taxpayers from Indonesian sources, such as dividends, interest, royalties, and services. The tax rate may be reduced under applicable Double Taxation Avoidance Agreements (DTAA). Indonesian entities making payments to foreign taxpayers are responsible for withholding and remitting the tax by the 10th of the following month. Compliance with PPh 26 is crucial to avoid penalties, maintain a good reputation, and ensure financial efficiency. Key steps include educating your team, reviewing DTAA, timely reporting, and consulting tax experts. #TaxCompliance #PPh26 #IndonesiaTax #FinancialStrategy #BusinessCompliance #TaxPlanning

🚀 **Important Update for Indonesian Businesses!** 🚀 Starting January 1, 2025, Indonesia will increase its VAT rate from 11% to 12%. This change aims to boost state income and align with the Tax Regulation Harmonization Law. 🔹 **What This Means for You:** - **Higher Costs**: Increased VAT will raise the cost of goods and services. - **Compliance Needs**: Update accounting systems and processes. - **Competitive Pressure**: Plan for cost-saving measures and efficiency improvements. 🔹 **Preparation Tips:** - Conduct financial analyses. - Reassess pricing strategies. - Improve operational efficiencies. Stay ahead and get ready for this transition! 👉 [Full Article](https://lnkd.in/gTA3xsxA) #VATUpdate #IndonesiaBusiness #Accounting #TaxCompliance #FinancialPlanning

Enforcement of MOF Reg. 28 may be considered a strategic move to support the development of IKN. By providing comprehensive tax incentives and customs facilities, the regulation aims to attract investment, stimulate economic activity, and promote sustainable and balanced regional development... Please visit our website at www.aymp.law for more information about our firm. For more specific inquiry about this matter or other emerging legal issues in Indonesia, please contact the following lawyers: Riza Buditomo, PARTNER riza.buditomo@aymp.law Muhammad Reza Fahlevi, ASSOCIATE/TAX SPECIALIST reza@aymp.law #tax #taxlaw #ikn #Indonesia #aymp #corporatecounsel

Malaysia is an attractive business destination to global corporations due to its stable tax framework, ease of doing business, and a large pool of multilingual talent. The country’s tax structure has been instrumental in luring enterprises from all over the globe. Malaysia is home to a number of tax countries, resulting in both international and domestic transfer pricing regulations. The Malaysian Inland Revenue Board (IRB) has no specific priority areas regarding transferring pricing. Instead, authorities normally concentrate on a specific sector for a certain length of time since it is easier to focus on firms with similar challenges. Nonetheless, due to the expanding number of companies, particularly large-scale organizations, tax audit activity in Malaysia has increased dramatically. It is necessary to be acquainted with the procedure of producing transfer price paperwork to deal with transfer pricing in Malaysia. Read more : https://lnkd.in/gR2gqWch For inquires, please visit: https://lnkd.in/gWecSuiQ #shinewingtyteoh #TP

Excited to have completed the Transfer Pricing workshop and documentation process seminar by Ikatan Akuntan Indonesia on June 25-26, 2024, spanning 800 minutes. It was an insightful session diving deep into the intricacies of TP documentation. Grateful for the opportunity to expand my expertise in this crucial area of taxation. #TransferPricing #Taxation #IkatanAkuntansiIndonesia #ProfessionalDevelopment

On 21 November, RSM Singapore, in collaboration with RSM Vietnam, RSM Malaysia & RSM Indonesia, organized a webinar, “Being Prepared to Engage with Tax Authorities on Transfer Pricing”. This webinar provided a comprehensive overview of the regional tax authority’s risk assessment practices, trends in the global transfer pricing landscape and strategies for effective engagement with tax authorities. Ms. Ngoc Nguyen, the Partner at RSM Vietnam and other partners shared their expertise and best practices specific to their respective countries. Here are some images from the webinar. #RSMVietnam #RSMSingapore #RSMMalaysia #RSMIndonesia #TransferPricing #TaxAuthority

I am excited to share that I obtained the Tax Brevet Certificate AB from LKP Akunting Project Indonesia! This is a significant milestone in my professional journey in the field of taxation. I am committed to continuously enhancing my knowledge and skills to make a greater contribution in this area. Thank you to everyone who has supported me along the way. Let’s continue to learn and grow together! 💪✨ #TaxBrevet #Taxation #LearningJourney

𝐓𝐚𝐱 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: 𝐀𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐚 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐞 𝐨𝐟 𝐓𝐚𝐱 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲😊 As businesses increasingly expand internationally, avoiding double taxation becomes crucial. A Certificate of Tax Residency ensures that your income is taxed only once, under Malaysia's Double Taxation Avoidance Agreements (DTAAs) with other countries. This certificate confirms that you or your company are recognised as a resident of Malaysia, safeguarding you from being taxed twice on the same income. Before venturing into international markets, ensure that your tax residency is clearly established. This will allow you to maximize the financial benefits of your global operations while staying compliant with tax regulations💖  ------------------------------------ 𝑺𝙮𝒂𝙧𝒊𝙠𝒂𝙩 𝙊𝒏𝙜 : 𝐂𝐥𝐢𝐞𝐧𝐭, 𝐎𝐮𝐫 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐲 ; 💚 Your Business, Our Heartbeat Contact us for more info: https://wa.link/sxqaam #SyarikatOng #ClientsOurPriority #TaxServices