If you own a PT PMA company in Indonesia, especially in Bali, you are responsible for regular tax and investment reporting. Some entrepreneurs choose to handle everything themselves, especially at the beginning. But experience shows that hiring an accountant is not only easier but also cheaper in most cases. Below are the main reasons why you should entrust your reporting to a professional now.
1. Ignorance doesn't exempt you from responsibility
In Indonesia, strict requirements are in place for corporate reporting. All companies must submit monthly, quarterly, and annual reports, regardless of whether the organization was active.
Particular attention should be paid to the annual tax return (SPT Tahunan Badan), which must be submitted by April 30 through the Coretax system. Even if the company was not active, a zero report is required.
Late submission or errors in reporting can lead to:
- fines and penalties;
- issues with extending KITAS and licenses;
- damage to the company's reputation in the eyes of government authorities.
2. Coretax and tax forms are complicated
From 2025, all reporting must be submitted via the Coretax platform. This is not just an online form but a system that requires precise form completion, attaching profit and loss statements, balance sheets, and indicating tax obligations. One wrong code or missed field can lead to a rejection of the declaration. Without experience, it can be challenging to manage.
3. An accountant is cheaper than a fine
The fine for late submission of the SPT Tahunan is from 1 million rupiahs and up. If you calculate tax incorrectly, it could result in additional charges and audits. Working with a licensed accountant is a fixed predictable amount, which ultimately costs less than rectifying errors afterward.
4. Support saves time and provides peace of mind
As an entrepreneur, you should focus on your business, not forms and tax laws. When an accountant guides you throughout the year, they know the specifics of your company, keep track of deadlines, and inform you in time about the documents needed. This relieves stress and frees up time for business development.
5. The law is constantly changing
In Indonesia, tax rates, report formats, and filing requirements are updated annually. What was relevant last year may not apply today. A licensed accountant keeps track of all changes and ensures your reports comply with current regulations.
Contact us to:
- Prepare and submit the 2024 report in Coretax
- Obtain a list of documents for submission to accounting
- Switch to secure annual support
Work without worries. We will handle the reporting.
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