Looking for a reliable partner that professionally helps you comply with tax regulations? Then welcome to LetsMoveIndonesia.
If you live in Bali and need assistance with tax payments and reporting, then welcome to Tax and Accountancy Bali, underwritten by the market leading legal and tax agency, LetsMoveIndonesia.
Living in Bali is a dream for many foreigners who come for various purposes. However, it is important to note that Bali is part of Indonesia, one of the least tax-friendly countries in the world. It is thus important to stay on top of the latest regulations in Indonesia, especially when it comes to paying and reporting taxes.
At LetsMoveIndonesia, we have consultants who have assisted over thousands of clients with visa, tax and legal matters. We ensure that your monthly and annual tax reporting process goes off without a hitch in accordance with the latest regulations in Indonesia. Whether you are an individual, a small business in Bali, or a corporation, make sure you stay compliant with Indonesia’s tax regulations with letsMoveIndonesia.
Small businesses in Bali are eligible for Tax Incentives. Some small enterprises within certain conditions are entitled to a 50% tax discount of the standard rate. This discount is applied proportionally on gross taxable income up to IDR 4.8 billion.
Certain enterprises with gross turnover of no more than IDR 4.8 billion will still be subject to final income tax at 0.5% from the gross turnover.
Both a local company and a foreign company with a permanent establishment in Indonesia are subject to a standard corporate income tax of 22% and can file a corporate tax return yearly.
Individual tax refers to the tax payable by an individual whose payroll is eligible for a tax payment. Tax rates for individuals in Indonesia ranges between 5% and 35% of income. Meanwhile, non-residents are subject to a 20% withholding tax of income received in Indonesia.
Obtain the best assistance in reporting Corporate Tax in Indonesia professionally.
Report your Individual Tax in Indonesia efficiently without hassle.
Maintain your office payroll compliance organised and runs smoothly every month.
There are several documentation that should be submitted prior to tax reporting. Those are known as follow:
If you fail to file your annual tax return on time, you will be charged a certain amount of monthly interest on the tax payable. On top of that, you will be required to pay an administrative sanction fee of IDR 100,000 for a personal income tax return, or IDR 1,000,000 for a corporate income tax return.
For individuals who stay less than 183 days in a year in Indonesia, you are not obligated to file an income tax return in the country.
The forms to report tax can be requested at tax offices (KPPs). If you report your tax through LetsMoveIndonesia, all the forms collection are included.
There are mainly two types of tax reports you should file. As an individual, you should adhere with individual tax reporting which can be done monthly or annualy. If you have a business in Bali, submitting corporate tax report is compulsory.
Yes. The tax office requires all expatriates resident in Bali to register with the tax office and obtain their own separate tax number (NPWP) and pay monthly income taxes, file annual tax returns, and pay tax on their income earned outside Indonesia, less tax paid in other jurisdictions on the additional overseas income.
Your tax return should be sent to the particular tax office (KPP) that you or your company registers as a taxpayer.
LetsMoveIndonesia is trusted to be the best tax consultancy across Jakarta and Bali to help your tax reporting and accounting process in Bali runs smoothly.
The Indonesian personal taxation system is based on worldwide income. This includes:
Book a free consultation by phone, video call or in one of our offices.
We will listen to you individual requirements and provide the best solution to your business needs.
Collect documentation and process.
Our Tax Consultants will then make sure your tax reporting process runs smoothly.
Provide you with the company registration documents.
Whether you have a business in Bali or any other cities in Indonesia, it is compulsory to submit monthly and annual tax reports even if your company does not have any business activities, hence zero taxes.
To report tax return in Bali, a tax subject should formerly register for a tax id number. Without it, it is likely impossible to report your tax. To add to the note, there are also consequences of ignoring register yourself as an authorized taxpayer
Withholding tax is one of the tax withholding or collection systems, where the government gives trust to third parties to carry out the obligation to withhold or collect taxes on income paid to income recipients.
The deadline for Tax Return reporting for individual taxpayers or employees is no later than three months after the end of the tax year or at the end of March. As for business entity taxpayers, the deadline is four months after the end of the tax year, at the end of April. If you are not sure of how to report tax for your business or personal, then contact LetsMoveIndonesia’s tax consultants through FREE consultations.
Value Added Tax (VAT) is a 11% consumption tax imposed at every stage of production of both goods and services until the sale of the final product.
Bali does not have localised regulations regarding tax and accountancy, so any late payments will then follow Indonesia’s tax policies and potentially attract interest penalties with a rate ensuing from the application of the MoF Interest Rate (MIR) plus additional charge.
LetsMoveIndonesia has 4 offices spread across Jakarta and Bali to handle hundreds of corporate and individual accounts in Indonesia every year with our efficient tax services. We have the best professional resources in the country to help with your Tax and Accountancy.
Our tax, visa, and legal consultants assist to eliminate thousands of worries in visa application, business registration, and tax reporting processes in Indonesia. We are proud to be the market leader in Indonesia Visas and Market Entry services, and helping your business to always be on top of the correct regulations, leading more and more people turn to LetsMoveIndonesia to help with their tax and accounting needs due to our ethic and transparent price settings.
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