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Introduction - Tax Regimes in Indonesia
The complexity of Indonesia's tax regime appears to have stabilized, as compared with the results from 2014 when over half of the respondents believed the tax environment had become more complicated. Wide-ranging tax reform is on the horizon in Indonesia however as new tax laws are scheduled to be introduced in 2018 that will cover general taxation and administration, personal and corporate income tax, and VAT. Implementation of the reform is likely to be accompanied by an increase in the complexity of Indonesia's tax environment. "Complexity" means the perceived level of difficulty in interpreting and understanding the tax law and rules in the relevant jurisdictions*.
Given the complex, unpredictable and inconsistent tax environments that many respondents' companies are operating in, relationships with tax authorities are key to managing their tax affairs and mitigating risks.
Given the complex, unpredictable and inconsistent tax environments that many respondents' companies are operating in, relationships with tax authorities are key to managing their tax affairs and mitigating risks.
Accounting Procedures Comply to TaxationTax - Customs Compliance, Advisory & DisputeEnterprise Resource Planning (ERP)
Enterprise Resource Planning (ERP)
The most effective way to manage tax affairs and tax risks will be to implement a Tax Enterprise Resource Planning (ERP) on analytics systems. Interestingly, since 2014, companies planned to manage tax affairs by implementing a tax-risk management system. There is a trend in companies searching for technology to support tax processes.
Many companies are investigating how technology can enhance existing processes, specifically, how tax-specific data can be efficiently extracted from ERP systems. Systems can generate analytics, to which data should be included and what types of analytic reports are needed. We expect technology to play a more prominent role in the coming years in supporting tax processes as the kinds of insights that can be gained from tax data become clearer.
First Consulting comprehensive understanding of business and industry system, the related intricacy of tax and regulatory affairs and accounting procedures comply to tax regulations will help us to establish the most suitable ERP for your business and industry.
Many companies are investigating how technology can enhance existing processes, specifically, how tax-specific data can be efficiently extracted from ERP systems. Systems can generate analytics, to which data should be included and what types of analytic reports are needed. We expect technology to play a more prominent role in the coming years in supporting tax processes as the kinds of insights that can be gained from tax data become clearer.
First Consulting comprehensive understanding of business and industry system, the related intricacy of tax and regulatory affairs and accounting procedures comply to tax regulations will help us to establish the most suitable ERP for your business and industry.