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)
Accounting Procedures Comply to Taxation
Governments concur, as tax reforms are expected in several jurisdictions to align domestic rules with the Base Erosion and Profit Shifting (BEPS) recommendations. In 2017, Survey respondents also expressed much more concern with BEPS than three years ago. It is widely accepted that BEPS will drive significant change in the global tax landscape as governments introduce new policies in line with global standards.
Multinationals are finding themselves preparing for this impending change-whether by changing their business models or adapting their resources so they are able to comply with enhanced reporting requirements.
First Consulting vast experience in providing variety of tax services will ensure your company’s accounting procedures comply with enhanced reporting requirements and tax regulations.
Multinationals are finding themselves preparing for this impending change-whether by changing their business models or adapting their resources so they are able to comply with enhanced reporting requirements.
First Consulting vast experience in providing variety of tax services will ensure your company’s accounting procedures comply with enhanced reporting requirements and tax regulations.