INDIVIDUAL TAX COMPLIANCE
Individuals qualifying as Indonesian residents and generate income exceeding the non- taxable threshold (approximately US$4,000 per annum) are required to register with the ITO to obtain a Tax Identification Number (NPWP) and file individual income tax returns (Form 1770) on an annual basis.
The worldwide income basis prevails and accordingly all income of an individual for a particular year, including foreign-sourced income, must be accounted for in his/her annual income tax return along with the income tax due thereon. Tax withheld by third parties over the year from the income, including the tax due or paid abroad can generally be claimed as a tax credit.
PreciousNine will assist you with the preparation of annual income tax returns and dealing with some other pertinent issues such as tax registration, cancellation of NPWP, tax audits, etc.