As part of a programme of tax reporting modernisation, the Directorate General of Taxes (DJP) in Jakarta is embarking on phase II of its trial for submitting financial reports using XBRL.
Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak or DGT) recently issued guidance on several new aspects for entities to consider while using a new XBRL-based feature for their tax returns.
Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak) has recently nominated 37 companies, registered at 10 different tax offices, to submit their tax returns using XBRL.
Two items of sustainability reporting news from Southeast Asia have caught our eye this week. The Indonesian president Joko Widodo announced the launch of the country’s green taxonomy.
The Indonesian Stock Exchange (IDX) has extended the scope of its XBRL taxonomy from primary financial statements to also cover Notes.
The Indonesian Financial Services Authority (OJK) has published new regulations on Risk Management for Non-Bank Financial Institutions.
By the end of 2019 Indonesia aims to better integrate nation-wide financial reporting, strengthening the coordination between different financial services with an initiative that will mandate digital reporting and data sharing.
Last Friday the Indonesian Finance Ministry’s Taxation Directorate General and the Indonesian Stock Exchange (IDX) signed a memorandum initially enabling 33 state-owned companies to simplify their tax returns by reporting to the tax office in XBRL. Previously, companies were required to submit hard copies of their financial statements to the tax office, a lengthy process […]
XII’s Best Practices Board has published a new case study that outlines the business and technical considerations that went into Bank Indonesia’s assessment of XBRL as a reporting platform
Around 800 people from Indonesia and across Asia have spent the last two days in Jakarta examining the future of business reporting. Hosted by the Indonesian Stock Exchange, the 2015 XBRL Asia Roundtable and Indonesian National XBRL Conference brought together delegates from Brunei, India, Indonesia, Japan, Korea, Malaysia, the Philippines and Singapore. Day One started with […]
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