Income tax is imposed to an individual or individuals and entities with regard to their income received or accrued during the tax year. Subject to Tax e.g.: a. 1) Individual; 2) Undivided inheritance as a single unit in lieu of the right of the heirs: Undivided inheritance as a single unit is subject to the … Continue reading Subject to Income Tax in Indonesia
Month: April 2012
Can Foreigners Open Restaurant in Indonesia
Foreigners can open restaurants in Indonesia. However, foreigners must have an Indonesian Partner(s). Based on the negative list regulation (Government Regulation 36/2010) on List of Business that opens/closes for the Foreign Investment, stipulates that the composition of shares of the Foreigner(s) is maximum 51% for restaurant industries. The foreigner(s) and Indonesian partner(s) enter a joint venture … Continue reading Can Foreigners Open Restaurant in Indonesia
Mary Osmond 