Taxing Times

(12/1/2002)

DMR - Dedy Muliadi & Rekan - a firm of Registered Public Accountants conducted a one-day tax seminar of Monday, November 25 in Bali.

Helping those in attendance to navigate the complex Indonesian tax environment that has recently undergone a number of changes, DMR provided an overview of current regulations and tax practice including valuable information on year-end tax planning.

Also reviewed were double taxation issues, payroll taxes, taxes employee benefits such as company-provided hand phone and vehicles, VAT, new audit and tax seizure rules, and the presentation of a comprehensive table all the current taxes summarized in a handy and easily understandable guide.

The seminar also examined local and regional tax issues affecting businesses in Bali including promised tax relief for businesses affected by the October 12^th terrorist attack, new taxes on the renting of villas and boarding houses, and increases in the Badung regency on land and building taxes.