Indonesia to Introduce VAT on Imported Digital Products August 2020 New Regulation to Take Place from August 2020 Indonesia will introduce Value Added Tax (VAT) on imported digital products beginning in August 2020. This will be applicable to all foreign businesses and companies. If you sell digital products either through electronic systems or online,…
Doing Business in Indonesia: Implementing Accounts Receivable Collections Let us make it a little fun to explain the concept of Accounts Receivable Collections. You have a group of friends and go out for dinner. After you eat, the bills arrive. After you pay, your friends thank you for the dinner. The next time, they say…
Identifying the Pros and Cons of Accounting Service Outsourcing—and More! Business owners are resorting to accounting service outsourcing nowadays because of its numerous benefits. They know the value of having an efficient, accurate, and reliable accounting system in their operations. After all, accounting is a systematic process of collecting, summarizing, analyzing, and reporting all financial…
Doing Business in Indonesia: 6 Key Accounting Skills to Succeed When it comes to achieving your dreams, there’s no such thing as shortcuts. Before any success can happen, the person has to sweat hard and build those knowledge, skills, and attitude for work to establish their name in their field. The same goes for a…
Why You Should Put Value on the Importance of Board Communications What is the most important foundation of any organization? While the companies might have different opinions on the matter, they would definitely mention communication. After all, it is one of the most important foundations of every organization. Company secretaries know the importance of board…
More Foreigners Are Interested in Owning a Property in Indonesia Indonesia is a country with a diverse range of beauties and charm. From sophisticated city to luxurious island living to rustic village charms, people visiting the country are spoilt for choice. This rings especially true for foreigners visiting Indonesia. Foreigners across the globe who frequently…
More Entrepreneurs Are Choosing Indonesia to Start-up Their Companies A country with complicated bureaucracy and policies, like former Indonesia only holds back development. But, Indonesia is now moving forward. In the past several years, its economy has grown by leaps and bounds. Jakarta, its capital, is a modern city and reflects modernisation very well. Although…
Transaction for a Real Estate Property in Indonesia is a Unique Experience For most of us, buying a property may seem like a daunting process. For starters, it is to study the location, criteria and pricing of the property. The first part is comparing and asking people for opinions about buying a property. Next, comes…
Board Management Tools Easing the Duties of Company Secretaries Company secretaries are implementing good corporate governance practices so that businesses they are working for continue to abide by the relevant rules and regulations. In doing so, they are also protecting the interest of both the stakeholders and shareholders of the corporations. Corporate secretaries also have…
Expanding to Indonesia is More Challenging Than You May Anticipate A foreign investor intent on expanding to Indonesia may encounter more challenges than previously thought. Here are seven facts that you need to know before you set up a business in the country: The Archipelago May Hinder Plans of Expanding to Indonesia The geography…
