Taxation updates

Indonesia imposes withholding tax on services rendered by residents and non-residents to ensure tax compliance and generate revenue. This tax is deducted at the source, meaning the payer withholds and remits a percentage of the payment to the tax authorities on behalf of the service provider. Understanding the rules and rates of Indonesian withholding tax on services is essential to ensure accurate compliance and avoid any potential penalties.

The government has issued Government Regulation Number 58 of 2023 (PP 58/2023) concerning the Income Tax Article 21 withholding tax rates on Income Related to the Work, Services, or Activities of Individual Taxpayers.

The article provides insight into various visa types available to those Indian nationals that want to visit Indonesia or stay in Indonesia for longer periods and conduct business activities.

This article provides important insight about how annual general meetings (AGM) are held in Indonesia and most importantly role & power of shareholders in AGM. Annual General Meeting (AGM) is the highest authority in a company in Indonesia. It has power over Board of Directors (BOD) and Board of Commissioners (BOC).

Any foreign investor who wishes to enter Indonesian market and run business in Indonesia is required to setup a foreign investment company also known as PT PMA. This applies to all foreign entrepreneurs including entrepreneurs from Singapore.

In this article, MAM Corporate Solutions provides the details about what is meant by Mergers and Acquisitions. It also provides details about how MAM Corporate Solutions can help in the due diligence process before actual Merger and Acquisition.

The new OSS system is a web-based business licensing system aimed at removing excessive bureaucratic procedures involved when a foreign investors try to get a business license in Indonesia.