Author name: Pro Visio

https://provisio-id.com/provisioconsulting/ – Inflation Remains Stable Despite VAT Increase? This is Bank Indonesia’s Explanation New Policy: VAT Increases, Inflation Remains Under Control With the enactment of the Harmonization of Tax Regulations (HPP) Law, the public needs to be prepared for a 1% increase in the price of goods and services due to an increase in the […]

https://provisio-id.com/provisioconsulting Smart Solutions for the 12% VAT Policy Transition Period . A new policy of 12% Value Added Tax (VAT) on luxury products has been set by the Directorate General of Taxes (DGT) of the Ministry of Finance. The government has given companies three months to modify their systems to facilitate the implementation of this

https://provisio-id.com/provisioconsulting/ Starting January 2025, Indonesia’s taxation policy features a number of adjustments. Although the Harmonization of Tax Regulations (HPP) Law previously stipulated an increase in Value Added Tax (VAT) from 11 percent to 12 percent, the government through President Prabowo Subianto’s official statement, accompanied by the issuance of PMK No.131 of 2024, confirmed that the

https://provisio-id.com/provisioconsulting/ The Directorate General of Taxes (DGT) of the Ministry of Finance has set a new policy regarding the 12% Value Added Tax (VAT) on luxury goods. To support the implementation of this rule, the government has provided a three-month transition period for businesses to adjust their systems. This step is taken so that businesses

https://provisio-id.com/provisioconsulting Interest Rates Tax Administration Sanctions and Interest Fees January 2025 In early 2025, the Ministry of Finance of the Republic of Indonesia has set the interest rate as the basis for calculating administrative sanctions in the form of interest and interest rewards. This provision is regulated through Decree of the Minister of Finance Number

https://provisio-id.com/provisioconsulting – Fiscal Correction on Bank Interest Payment: Why Is This Happening? In the business world, seeking capital through bank loans is a common practice for companies. Every loan comes with the obligation to pay back the principal along with the interest. In commercial bookkeeping, the bank interest paid will be considered as a cost

https://provisio-id.com Tax Policy List for 2025 After VAT Officially Increases to 12 Percent The 2025 tax policies bring significant changes, including the increase of the Value Added Tax (VAT) rate to 12 percent. This step is part of the government’s effort to strengthen state revenue and support more sustainable development. For businesses, understanding and complying

https://provisio-id.com/provisioconsulting/ – The Difference between Hotel Financial Statements and Other Companies Hotel financial statements have some differences with other companies’ financial statements due to the unique nature of the hospitality business. Here are some of the key differences: RevenueHotel Revenue: Hotel revenue sources usually consist of various segments such as room revenue, food & beverage

https://provisio-id.com/provisioconsulting/ Are Abnormally Profitable Companies Really Tax-Exempt? In the business world, normal profit is the benchmark for the sustainability of a company’s operations. This profit includes explicit costs, such as transactions recorded on the balance sheet, as well as implicit costs, which are lost revenue opportunities. In simple terms, normal profit is the minimum threshold

https://provisio-id.com/provisioconsulting The World Bank’s Criticism of Indonesia’s Taxes, What’s Wrong? VAT Increase to 12% in 2025, Is it Effective to Increase Tax Ratio? Indonesia is preparing to impose an increase in Value Added Tax (VAT) from 11% to 12% starting January 1, 2025. This policy is taken by the government to increase state revenue, especially