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Corporate Compliance Requirement in Indonesia
|
No. |
Description |
Timeline |
|
1 |
Financial Year End It is common practice for Indonesia Company’ to have its FYE on 31 December annually. However, Companies can choose their preferrable FYE if not 31 December. |
Annually |
|
2 |
Taxes
|
Monthly |
|
3 |
Taxes
|
Quarterly |
|
4 |
Taxes
|
Annually |
|
5 |
BPJS Social Security and Health Insurance (Due date payment till 10th of following month) |
Monthly |
|
6 |
WLKP Report |
Annually |
|
7 |
LKPM LKPM Report Quarter I – January to March (1st – 10 April) Quarter II – April to June (1st – 10 July) Quarter III – July to September (1st – 10 October) Quarter IV – October to December (1st – 10 January next year) |
Quarterly |
|
8 |
Hold subsequent Annual General Meeting (AGM) |
Annually, need to be held by the sixth month after the FYE |
|
9 |
Preparation of Financial Statements A company can be exempted from audit if the company is not a public listed company. Company is still required to file a “NIL” report to the Tax Office, if the company has no accounting transactions during the financial year. |
Annually |
|
10 |
Deed of Establishment If there are no changes made to the deed of establishment for a period of 5 years, the Company is required to renew and to be re-authorized by the notary public. |
Renew after five years |
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