 | | TaxNewsFlash September 2010 Refund of WHT Art 26 There have been questions raised on the procedures for obtaining a refund of Art 26 WHT pursuant to a DTA. The DGT has responded to these questions by issuing Regulation No. PER-40/PJ/2010. Protocol Amending the DTA with Malaysia After completion of necessary legal procedures by both the Indonesian and Malaysian Governments, the Protocol Amending the DTA with Malaysia will be effective 1 September 2010. This TaxNewsFlash edition discusses the changes in the Protocol. |
 | | The August 2010 International Executive Services Bulletin This edition of our bulletin provides information regarding the Indonesian tax authorities’ efforts in profiling the taxpayers, and regarding the Project for Indonesian Tax Administration Reform (PINTAR). |
 | | 1st Edition of Banking Tax Highlights The taxation environment in Indonesia is always dynamic. With the recent amendments of tax laws and provisions, both for income tax, and VAT, the developments are even more challenging.
In this first edition, we would like to highlights recent tax developments which require the Bank’s attention. Our aim is to establish awareness regarding the key issues of tax regulations and developments so that Banks are able to thrive through these challenging times and are able to maintain a high standard of tax compliance.
Please do not hesitate to contact us, should you have further queries.
Warm regards,
Ahmadi Hadibroto
Senior Partner |
 | | Illustrative financial statements for banks in Indonesia The implementation of PSAK No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosure” and PSAK No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement” which become effective for financial statements beginning on or after 1 January 2010 has considerable impacts to banks in Indonesia. The purpose of this publication is to assist banks in preparing financial statements in accordance with the prevailing accounting principles generally accepted in Indonesia. It illustrates one possible format for financial statements based on several assumptions. |
 | | Driving Indirect Tax Performance, Managing the Global Reform Challenge Indirect taxes keep growing in importance for governments globally; further changes are on the way
KPMG International whitepaper explains what’s happening and provides guidance to business on how to actively manage global reform challenges
The new KPMG International whitepaper explains why the importance of VAT to governments globally is unlikely to diminish any time soon as more countries come to rely on it as a significant, stable source of tax revenue. Outlined in the whitepaper are a series of practical steps which global businesses should consider in their efforts to effectively and efficiently manage the emerging risks and opportunities. |
 | | IFRS compared to Indonesian GAAP: An overview We are pleased to publish our comparison of IFRSs and Indonesian GAAP as of June 2007. We hope that this proves a useful tool, to the standard setters who seek to identify and remove differences, and to preparers, auditors and users, who must, for the time being, continue to function in this bilingual accounting world. |
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