Minimize Tax Liabilities, Maximize Profit Margins

Jul, 08, 2021 | 10:48 AM
itialuS continues its global service expansion

Who We Are

We deliver tax and accounting solutions for our clients and guide them through a full range of tax planning and preparation processes. We provide them with strategies to minimize tax liabilities, maximize cash flow, and keep them on track to achieve their financial goals. Our expertise, analyses, and thorough research allow us to better understand our clients and optimize financial opportunities in existing as well as recently-altered tax laws.

 

Our Market Trends

Law No. 11 of 2020 on Job Creation (the ""Omnibus Law"") was recently approved by the Indonesian government. This law’s declared goal is to boost investment and facilitate job creation by consolidating rules and simplifying the licensing procedure. Among other things, the Omnibus Law creates and changes various tax regulations in Indonesia. The elimination of income tax on domestic and international dividends reinvested domestically is among the most crucial laws for investors.

 

A Closer Look At The Omnibus Law

1. Dividend from Domestic Companies - if dividends are to be re-invested in Indonesia: (a) for Individual Taxpayers; the final income tax of 10% becomes 0%; (b) for Domestic Corporate Taxpayers; the final income tax of 15% becomes 0%; and (c) for Foreign Taxpayers; the final income tax subject to the prevailing Tax Treaty.
2. Dividends from Foreign Firms - If dividends from foreign companies are re-invested in Indonesia and meet certain rules and regulations, they will be taxed at 0%. If dividends are kept outside of Indonesia, they will be taxed according to local law.

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