Indonesia | Tungsten Network https://www.tungsten-network.com The journey to world-class starts here. Tue, 02 Aug 2022 14:03:01 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.3 Changes in standard VAT rate https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/changes-in-standard-vat-rate/ https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/changes-in-standard-vat-rate/#respond Tue, 04 Jan 2022 00:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/changes-in-standard-vat-rate/ With the signing into law of the Harmonisation of Tax Regulations (HPP) on 29 October 2021, it is officially confirmed that the standard VAT rate in Indonesia will increase from 10% to: 11% ‒ from 1 April 2022. 12% ‒ from 1 January 2025. The law aims to optimise revenue collection and tax compliance after the COVID-19 […]

The post Changes in standard VAT rate first appeared on Tungsten Network.]]> With the signing into law of the Harmonisation of Tax Regulations (HPP) on 29 October 2021, it is officially confirmed that the standard VAT rate in Indonesia will increase from 10% to:

    • 11% ‒ from 1 April 2022.
    • 12% ‒ from 1 January 2025.

The law aims to optimise revenue collection and tax compliance after the COVID-19 pandemic caused a big hit to state coffers.

The post Changes in standard VAT rate first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/changes-in-standard-vat-rate/feed/ 0 Enhancements to e-invoicing system https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/enhancements-to-e-invoicing-system/ Wed, 31 Mar 2021 22:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/enhancements-to-e-invoicing-system/ Tax authorities in Indonesia previously released a new version of the electronic-based invoice invoice (Faktur Pajak or ‘FP’). This includes a pre-populated feature to ease taxpayers’ workflow in carrying out VAT compliance. The pre-populated feature under eFaktur version 3.0 covers input VAT from normal VAT Invoices and import declaration documents. These documents will automatically appear […]

The post Enhancements to e-invoicing system first appeared on Tungsten Network.]]> Tax authorities in Indonesia previously released a new version of the electronic-based invoice invoice (Faktur Pajak or ‘FP’). This includes a pre-populated feature to ease taxpayers’ workflow in carrying out VAT compliance. The pre-populated feature under eFaktur version 3.0 covers input VAT from normal VAT Invoices and import declaration documents. These documents will automatically appear in the eFaktur system under the respective tax period. Taxpayers are no longer required to input and validate the information manually.

The post Enhancements to e-invoicing system first appeared on Tungsten Network.]]> Enhancements to e-invoicing system https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/enhancements-to-e-invoicing-system-2/ https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/enhancements-to-e-invoicing-system-2/#respond Wed, 31 Mar 2021 21:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/enhancements-to-e-invoicing-system-2/ Tax authorities in Indonesia previously released a new version of the electronic-based invoice invoice (Faktur Pajak or ‘FP’). This includes a pre-populated feature to ease taxpayers’ workflow in carrying out VAT compliance. The pre-populated feature under eFaktur version 3.0 covers input VAT from normal VAT Invoices and import declaration documents. These documents will automatically appear […]

The post Enhancements to e-invoicing system first appeared on Tungsten Network.]]> Tax authorities in Indonesia previously released a new version of the electronic-based invoice invoice (Faktur Pajak or ‘FP’). This includes a pre-populated feature to ease taxpayers’ workflow in carrying out VAT compliance. The pre-populated feature under eFaktur version 3.0 covers input VAT from normal VAT Invoices and import declaration documents. These documents will automatically appear in the eFaktur system under the respective tax period. Taxpayers are no longer required to input and validate the information manually.

The post Enhancements to e-invoicing system first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/indonesia/enhancements-to-e-invoicing-system-2/feed/ 0