General Tax Advisory
How to deal with fast changing tax regulation? With a full load of internal tax works, most of companies are unable to catch up with the latest update on the regulations. Staying up to date and timely information acquisition will be important to company tax efficiency and compliance. On top, it is imperative to understand the regulations correctly and implement any actions match with the requirement, so company able to maintain its compliance tracks and control tax risk.
We established advisory center to assist corporations and entities dealing with the dynamics of tax regulations as well as its complexities, ensuring the appropriate tax rights and obligations in the operations based on the latest situations. Our advance insights on tax trend and issues will benefiting in addressing upcoming tax policy that enable customer to set up advance strategy and preparation.
Compliance & Review
Doing business require focus in energy, time, and resources. Tax reporting and administration requires the same level of focus due to its complexities and heavy administration and procedures. We help growing your business by taking care of your tax reporting and administration, particularly for startup, small and medium size companies. Our tax review services ensure your tax risk is manageable. Our team works together with your internal tax staff to identify any incompliance and propose mitigation as well as spotting inefficiencies in your tax practice.
Transfer Pricing Documentation
Inline with the global tax development, Indonesia requires its tax payer to conduct a fair and more transparent tax practice, particularly in respect of related party transaction. To prevent tax base erosion and profit shifting, Government require tax payers to documented its transfer pricing practice with reference to global practice. Our team consists of Transfer Pricing experienced personnel are ready to assist in preparing Transfer Pricing Documentation which cover Master File, Local File as well as Country by Country Reporting (CbCR) if required.
Tax audit is an integral part on any tax system based on self assessment. Tax payers are allowed to calculate and pay their own tax obligations but the other hand, Government (DGT) will conduct examination to test compliance to ensure a fully compliance tax practice. DGT recently is improving their audit strategy and is trying to increase its audit coverage ratio and targeting better result by allocating resources more efficiently.
Indeed, audit requires much time and resources to be employed and could be stressing situation. In some cases, tax payer is find difficulty in allocating resources. There is also worries that it couldn’t manage the audit well enough that potentially bring unfavorable result due to lack of capable resources or simply isn’t familiar with the audit process.
Audit is mandatory on any refund claim or overpayment. It is better to carefully manage the audit to optimize the result. We have set experienced teams to deliver best audit management practice.
What we can do?
- Tax Refund, Audit Management and Optimization
- Non-tax payable overpayment claim
- Objection and penalty deduction
- Tax Litigation and Judicial Review
- Tax Investigation Management
Successful transactions often depend on accurate tax analysis and strategy. Tax consideration and analysis must be performed since transactions planning step. It will help company to avoid taking risky transactions in term of financial and non financial, by good understanding of company tax position and tax obligation in the respective transaction. Good tax analysis and strategy is important for efficient and effective transactions execution.
We assist our client in doing tax analysis on any planned transactions. Our capabilities include:
- Tax Opinion on strategic matters : IPO, Merger & Acquisition, Spin Off, Asset Revaluation, Restructuring and Company Liquidation, etc
- Tax Strategy on company set up or establishment
- Tax Clauses drafting on Sales and Purchase Agreement (SPA) or Service Agreement to ensure appropriate tax obligations, rights, warranties and indemnifications
- Tax Analytics by measuring major tax indicator (such as CTTOR, Compliance ratio, Tax Efficiency ratio, etc) to support management decision and further action
- Tax Planning for business expansion, diversification, business exits and global penetration, and other strategic transactions
Government provide many types of tax incentives in order to stimulate better investment both foreign direct investment and domestic capital. Tax holiday and tax allowance are the most significant facilities available for investor. In recent days, Government has loosen the requirements for tax holiday applicant. There is also tax facility for SME and startup in the form of special tax treatment for those are met the category, with the purpose to support development of Indonesia SME and startup.
The other tax incentives available and can be benefited by all tax payers including VAT exemption on imported strategic goods/equipment, Bonded Zone tax facilities, Free Trade Zone tax facilities, Art 25 installment reduction, as well as exemption from WHT if the conditions are met.
We advise and assist our client to optimize all the available tax facilities based on the client specific conditions.
We believe that quality tax advice should assessible for all tax payers including the UMKM. By having good tax advice and tax knowledge, we expect them able to fulfill their tax obligations better. We help them to develop tax literacy so it will be useful in improving tax management in their business, optimize available tax facilities, achieve efficient and effective tax operations.
Our services including:
-Tax Advisory on UMKM taxation
-Tax Coaching for UMKM Entrepreneur
-Tax Training specific for UMKM
For better tax performance, it is important to setting corporate tax policy that will govern all level of organizations related tax activities. We are glad to help clients establishing its better tax operations.
What we do
Manual of Taxation
We write manual for clients as guidance for day to day clients tax activities, guidance on regulations and implementation manual.
Tax Standard Operating Procedure (SOP)
We formulate Tax Standard Operating Procedure to be followed by all members of organization
Standard Tax Wording or Clause Formulation
We review client’s agreement to vendor, customer, or other party and help to formulating tax clause or wording to clear client tax position accordance to laws and regulations.
Comprehensive taxation understanding on financial product and investment will enable HNWI and the advisor (private bankers, asset managers) to maximize the return by choosing the most tax efficient instrument or building most efficient tax portfolio. It is also importance for HNWI and financial services to understand the dynamic changes and tax development in financial sector such as implementation of Automatic Exchange of Information (AEoI).
We tailor a specific tax service to meet HNWI & Financial services tax issues:
- Advising financial product, insurance, or investment tax treatment
- Cross border investment
- Tax on specific situation (working overseas, married overseas, etc)
- Estate tax and charity
Startup (technology) is on the rise. Digital businesses are took many types of model from e-commerce, social media, data analytics and internet of things (IoT). Digital is trend and soon will be the most competitive way to doing business.
As other business, startup also facing the same taxes obligations. They must comply with all tax regulations to prevent their business distracted or interrupted. It is important to understand startup taxes obligations since early stage of launching.
We can assist startup in advising their tax obligations, running best practice tax management and tax conduct, reviewing best possible options to execute transactions to achieve efficient tax and help company growing.
Our services covers:
-Tax advising for expatriates in Indonesia whether on the status of temporary assignment or regular employee
-Tax advising for Digital Nomad
-Individual Income Tax Return preparation
-Registration of Tax ID and de-registration when the expatriates exit Indonesia or when the Permanent Establishment/other entities are liquidated
-Tax Audit management and representation services
-Tax advisory on G to G project, delivered both by Government institutions or private entities
Oil and gas, energy, and mining are vital industry in Indonesia. Oil and gas are still the main source of energy. Many incentives are provided to improve oil & gas production which including improvement in permit process, access to field as well as provide any importation and tax incentives. At the same time, Government is also paying more attention of green energy development such as geothermal, solar energy, and biomass.
With our experience on those fields, we are capable to provide below services:
- Tax advisory on Production Sharing Contract (Cost Recovery and Gross Split basis)
- Tax Advisory on Contract of Works (Kontrak Karya) and Contract Coal of Works (PKP2B) as well as License based mining (IUP).
- Upstream Oil & Gas Fiscal/Tax Incentives
- VAT Reimbursement Services
- Financial Due Diligence on Participating Interest Acquisition or Farm In Farm Out
- Tax compliance for Non Operators (Participating Interest Investor)
- Tax audit management and representation
- Dispute resolutions (objection and litigation)