Access Indonesia’s Post

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

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

🚀 **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

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

Most updated Indonesia TP regulation- and comparative analysis with Singapore TP regulation. Thanks Christine Schwarzl and Eugene Lim for this collaboration under WTS Global Taxise Asia LLC (WTS Taxise) consulthink

Decree of the Governor of the Special Capital Region of Jakarta Number 124 of 2024 dated 20 February 2024 pertains to the official proclamation regarding the Tax Assessment Value of Land and Building for Rural and Urban Areas within the Special Capital Region of Jakarta for the year 2024 www.rdj-advisory.com #rdjadvisory #batubara #coalmining #market #business #openforbusiness #taxconsultant #konsultanpajak #taxattorney #businesstaxadvisory #tax #pajak #taxconsultant #tarifroyalti #taxcontroversy #taxdisputeresolution #pnbp #taxlawyer #customs #customslawyer #TaxUpdate #TaxLaw #FinancialPlanning #DownloadNow #CoalExports #Indonesia #MarketInsights #GlobalDemand #EnergySector

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

Defi Tax Talk - The Series (#4) To: All Board Members, Chief of Executives and Management of the Companies. Subject: International Tax Dealing with your foreign counterparties, whether they are your shareholders, potential partners, lenders, suppliers, brand owners, employees, service providers, etc.. can be very tricky, as you need to understand many domestic and cross border implications, especially international tax implications. Leaving your comfort zone in business to go international, means you need to be more well prepared. You need to fully rely on your contracts, agreements, to ensure that you have anticipated all risks and met all the requirements. But those are all part of your dream to become international company, global players, meeting international standars, your dream to "Go International"! Photo below is an article written about me, at University of Indonesia Alumni Magazine, where I, as an alumni, have prepared myself to "Go International" by studied at 3 (Three) different faculties, Accountancy, Tax and Law, to be ready to deal with any international business landscape. I have spent my international career as external tax advisors and head of tax in the world's largest multinational companies and recently, head of global tax in middle east, managing over 70 companies on all major continents for 15 years. The same goes for you, as Companies who want to deal or are dealing with any foreign parties, you need to be ready by having the right experienced tax advisor who will assist and support you to take on any international business challenges and opportunities, at all times, to minimize and manage any risks while executing your plans successfully. Let's discuss with BDO Indonesia. Defiandry Taslim BDO Indonesia Partner, Tax and Business Advisory Services (Kantor Konsultan Pajak Kusumanto & Rekan) #bdoindonesia #internationaltax #alumnifebui #iluniui #taxadvisor #BDO #defitaxtalk #universitasindonesia

Decree of the Governor of the Special Capital Region of Jakarta Number 124 of 2024 dated 20 February 2024 pertains to the official proclamation regarding the Tax Assessment Value of Land and Building for Rural and Urban Areas within the Special Capital Region of Jakarta for the year 2024 www.rdj-advisory.com #rdjadvisory #batubara #coalmining #market #business #openforbusiness #taxconsultant #konsultanpajak #taxattorney #businesstaxadvisory #tax #pajak #taxconsultant #tarifroyalti #taxcontroversy #taxdisputeresolution #pnbp #taxlawyer #customs #customslawyer #TaxUpdate #TaxLaw #FinancialPlanning #DownloadNow #CoalExports #Indonesia #MarketInsights #GlobalDemand #EnergySector

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