This pocket guide provides a summary of the recognition, measurement and presentation requirements of Indonesian financial accounting standards (PSAK) applicable for financial statements for periods beginning on or after 1 January 2018, unless otherwise indicated. It does not address in detail the disclosure requirements under those standards.
Robust sanctions for issuers of illegal VAT invoices
This article sets out the current status of airport investment in Indonesia, explains the obstacles to greater private sector investment, and suggests some actions the Government could take in order to speed up investment in Indonesia's airport capacity.
Air traffic is growing quickly in South East Asia which needs the urgency to upgrade infrastructure to accommodate new flights in the region. The presentation sets out the importance of a market-led approach on the Aerocity Developments in Asia.
On 27 July 2018, the Indonesian Financial Services Authority (“OJK”) issued OJK Regulation No. 9/POJK.04/2018 on Takeover of Public Companies (“OJK Regulation 9/2018”) to repeal and replace Regulation No. IX.H.1 attached to Decree of Bapepam-LK No. Kep-264/BL/2011 on Takeover of Public Companies (“Old Regulation”).
On 4 April 2018, the Minister of Finance (“MoF”) issued Regulation No. 35/ PMK.010/2018 (“PMK-35”), dealing with the revised Tax Holiday arrangements for investors in “Pioneer Industries”. The Government issued Regulation No. 37 Year 2018 (“GR-37”), which provides more clarity around tax and non-tax state revenue (Penerimaan Negara Bukan Pajak/PNBP) arrangements in the “mineral” mining sector, effective from 2 August 2018.
The 9th edition of the PwC Indonesia Oil and Gas in Indonesia – Investment and Taxation Guide Taxation Guide captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past year, including our early views on the new “Gross Split” PSCs. It has been written as a general investment and taxation guide for all stakeholders interested in the oil and gas sector in Indonesia. Oil and gas production has a long and relatively successful history in Indonesia, with the sector historically characterised by its relatively stable and well-understood regulatory framework. In many areas, including the development of the Production Sharing Contract (PSC) model and the commercialisation of Liquefied Natural Gas (LNG), Indonesia has been an international pioneer. However, the industry is arguably now in a transitional phase, with a growing domestic need for gas for both consumers and industrial use. Indonesia’s production and opportunity profile has also moved steadily away from oil and towards gas – a trend which may ultimately represent a permanent shift.
Technology is the recurring theme coming out of our 8th Indonesia Banking Survey. Respondents said technology is the #1 driver of business transformation and the top risk to the industry. Transactions through digital channels are surpassing traditional branches in Indonesia for the first time. The war for talent is strongest for technology specialists.
Pocket Tax Book 2018 sets out tax law and practice as of 31 December 2017. It is intended to provide a general guide and is not aimed to provide a comprehensive understanding of Indonesia's prevailing tax system.
With consumer markets in unprecedented upheaval, CEOs in the sector appear to be more focused on the here and now than on ambitious long-term undertakings. Operating as they are in an environment of dramatic change, the long view may be a luxury they can’t afford.
In the space of a year, transportation and logistics (T&L) CEOs have swung from pessimism about the macro economy and their own companies’ growth prospects to strong optimism, as increased economic activity, passenger travel, and shipping volumes help balance their concerns about terrorism, cyber threats, and political instability.
On the surface, small businesses seems an attractive market for insurers. However, their needs can be complex and traditionally have required a “high touch” personal service of a face to face agent or broker to provide advice and guidance, but at a lower premium than their larger corporate counterparts. Could digital hold the answer?
CEO Survey, aims to inform and stimulate the debate on how businesses are facing today’s challenges. Over the years, thousands of CEOs around the world have taken the time to share their views with us.
Discover how we performed over the past year and read about our commitment to our stakeholders and the communities in which we live and work. For a quick overview, watch this two-minute welcome video.
What’s the state of blockchain today? In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organisations have at least some involvement with blockchain technology. Everyone is talking about blockchain, and no one wants to be left behind.
How can economies - and the businesses operating within them - evolve to better deliver for society so that society can better deliver for people? A common purpose is needed to realign business, economies and society.
In PwC's Global Consumer Insights Survey 2018, which surveyed over 22,000 shoppers in 27 countries, consumers told us their shopping behaviours, habits and expectations when it comes to delivery, technology and AI.
Get to know our leadership, keep up with our latest news, press releases and our selection of translated infrastructure articles.
Indonesia Banking Survey 2017: Weathering the rise in credit risk – What’s next for banks in Indonesia?
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