TGS Annual Conference 2018

TGS Global held the 7th Annual Conference, November 14-16, 2018, in Dubai, UAE. TGS 7th annual conference is another new start for TGS, as the network has gone through some restructuring which shaped TGS to become a solid network for the future. Dubai becomes a choice of annual conference venue because it is an important business center with a dynamic and diversified economy that has…

TGS AU Partners participated at the 6th International Fiscal Association (IFA) Indonesia – 2018 Annual International Tax Seminar.

CEO of TGS AU Partners, Mikail Jaman: Indonesia must take advantages from current global situation to become leader in South East Asia. TGS AU Partners, an independent member from TGS Global has received the opportunity to participate on the 6th International Fiscal Association (IFA) Indonesia – 2018 Annual International Tax Seminar with the theme entitled “Recent International Tax…

The New Tax Holiday in Indonesia

The New Tax Holiday Incentive in Indonesia (Tax Holiday Indonesia) The new Tax Holiday Indonesia, Government of Republic of Indonesia (“GoI”) has released Minister of Finance Regulation No.35 2018 (“MoF-R35/2018”) regarding facility of Corporate Income Tax (“CIT”) reduction (“Facility”). The amendment of tax holiday facility provision is intended to increase the direct investment to push Indonesian…

Indonesia Tax Office’s Approach to Calculate Revenue in Tax Audit

    The Government has enacted the Minister of Finance Regulation No.15/PMK.03/2018 (“MoF-Regulation”) effectively as of February 12, 2018. This regulation is intended to Taxpayer who compulsory to conduct Recording and Bookkeeping. It regulates that during tax audit, if the Taxpayer did not or did not fully conduct the Recording or Bookkeeping that causes actual Gross Revenue (“Revenue”) is unnoticed, Tax…

Differences in Individual Income Tax Return (Surat Pemberitahuan “SPT”) 2016 and 2017 related to the Tax Amnesty Program

  With the deadline of reporting of Individual Income Tax Return for year 2017 is getting closer (Saturday, 31 March 31, 2018). For the purpose to complete the SPT 2017 The taxpayer is required to prepare relevant supporting such documentation including income summary, tax article 21 withholding tax certificate, certificate of tax amnesty, assets list…

Indonesian Tax Amnesty Regulation – in a brief

Indonesian Tax Amnesty Regulation in a brief   With reference to the release of tax amnesty law package (Law 11/2016, Ministry of Finance Reg 118-2016, DGT Director Reg 07-2016, DGT Circular Letter 30-2016 ). Tax payers (individuals and corporation) who apply for Tax Amnesty will be granted facilities, including termination of on-going tax audit, exemption for any administration penalty…