This means that when you report on your taxes from January 2021 to December 2021, your company will be paying 22% of CIT from the net profit of the company. The following year, when you report on 2021, the CIT will be 20% from the net profit of the company. However, most of the small businesses will qualify for tax incentives, and the tax rates
The DGT has also reinforced tax audit procedures for taxpayers with related-party transactions. This regulation provides more clarity and is more relevant with the current transfer pricing issues in practice. Comprehensive forms required to be completed by the taxpayers during a tax audit are also provided in the regulation.For foreigners who want to invest in PT PMA in Indonesia, it must have a minimum investment of 10 billion Indonesia Rupiahs. Moreover, a minimum paid-up capital requirement of 2.5 billion Indonesian rupiahs is mandatory for foreigners seeking to establish a foreign-owned PMA company in Indonesia.
For example, Ministry of Law And Human Rights now requires all new foreign companies to have at least 3 words in their company name. So if you wish to change your company from PT. Global to PT. Global Investments then it would be no longer approved. Once you change the name of the company you will also need to get a new tax card. Cosmetic products in Indonesia require registration for each product variation—strict regulations about labeling, advertising, claim requirements, and ingredient usage. Ensure compliance with these requirements for successful registration. Register the legal entity online at BPOM. Online registration of the manufacturer. NNlpAF.