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Economy

News and analysis on national and global economic developments, including fiscal policy, markets, business, and financial trends.

71 Articles Tagged articles

MoF Regulation 71/2026: Tax Objections & Penalty Reductions

Tax & Regulation

Oct 07, 2026 • Admin BATS

MoF Regulation 71/2026: Tax Objections & Penalty Reductions

However, when reading through the articles one by one, the most palpable change for taxpayers actually lies in the reduction and waiver of administrative penalties.

PER-12/PJ/2026: New Rules on Coretax SPT Amendments & Withholding

Tax & Regulation

Oct 01, 2026 • Admin BATS

PER-12/PJ/2026: New Rules on Coretax SPT Amendments & Withholding

Starting October 1, 2026, the replace scheme applies, under which the amended SPT fully replaces the previous SPT

Tax Debt Collection During a Change of Directors

Tax & Regulation

Oct 01, 2026 • Admin BATS

Tax Debt Collection During a Change of Directors

A change in management merely alters the collection order—it does not remove liability for the company's tax debt.

Management Override & Collusion: ICOFR Limitations for Directors

Accounting & Audit

Sep 24, 2026 • Admin BATS

Management Override & Collusion: ICOFR Limitations for Directors

Internal control is designed to provide reasonable assurance, not absolute assurance.

Group-Level ICOFR: Managing Subsidiary Scope & Consolidated Reporting

Accounting & Audit

Sep 24, 2026 • Admin BATS

Group-Level ICOFR: Managing Subsidiary Scope & Consolidated Reporting

Group-level ICOFR is not merely the sum of individual ICOFR projects across entities, but a single consolidated assessment signed by the parent company based on reports submitted by its subsidiaries.

ICOFR Implementation Roadmap: From Materiality to Management Assessment

Accounting & Audit

Sep 23, 2026 • Admin BATS

ICOFR Implementation Roadmap: From Materiality to Management Assessment

ICOFR implementation is an annual cycle with an irreversible sequence: materiality dictates scope, scope determines documentation and testing volume, test results define remediation needs, and remediation outcomes govern the Management Assessment signed by the CEO and CFO.

Understanding ICOFR: Financial Reporting Reliability for Directors

Accounting & Audit

Sep 23, 2026 • Admin BATS

Understanding ICOFR: Financial Reporting Reliability for Directors

Signing a statement without an adequate testing basis is a real personal risk for Board members, not merely a corporate risk.

New Bioethanol Excise Rules Towards the 2028 E20 Target

Tax & Regulation

Sep 14, 2026 • Admin BATS

New Bioethanol Excise Rules Towards the 2028 E20 Target

Regulations have progressed, but the availability of bioethanol remains a real obstacle.

PSAK 118: New Rules on How Companies Prepare Income Statements

Accounting & Audit

Sep 03, 2026 • Admin BATS

PSAK 118: New Rules on How Companies Prepare Income Statements

PSAK 118 aims to make income statements more structured, consistent, and easier to read and compare for investors and decision-makers.

Coretax Connected to PLN, Bank, and OJK Data

Tax & Regulation

Sep 02, 2026 • Admin BATS

Coretax Connected to PLN, Bank, and OJK Data

Understanding the integration of PLN, banking, and OJK data into the Coretax system and its impact on taxpayer returns and audits.

Opening New Accounts: Self-Certification Rules Under PENG-4/PJ/2026

Tax & Regulation

Sep 01, 2026 • Admin BATS

Opening New Accounts: Self-Certification Rules Under PENG-4/PJ/2026

Pursuant to Article 12, paragraph (4) of PMK-108/2025, for every New Financial Account, financial institutions must obtain a self-certification form from prospective account holders as a separate document from standard onboarding files.

DJP Reminder Email on Corporate Annual Income Tax Return

Tax & Regulation

Aug 31, 2026 • Admin BATS

DJP Reminder Email on Corporate Annual Income Tax Return

Companies newly established in mid-2025 remain obligated to file an Annual Income Tax Return for that tax year, even if their operational period is under a full year and regardless of whether they have generated any income.