Tax consultant in Indonesia can be very useful for a company. Upon starting your business in Indonesia, you will immediately realize that tax is an important matter in the country. Tax in Indonesia is a huge source of income for the local government. Therefore, every amount you earn as an individual or collectively as a company will be subject to tax according to the pre-existing regulations. These regulations are ever-changing and detailed which could make it hard to keep up with. As a result, the demand for tax consultants is off the charts.
Tax Consultant in Indonesia: The Definition
Tax consultant in Indonesia is a qualified tax professional who gives advice to their clients regarding their tax obligations. After hired, tax consultant will assist and consult the client prior to making decisions regarding their tax obligations. Here are a few reasons why you should hire a tax consultant in Indonesia.
1. Keeping up with the regulations
In Indonesia, companies have to pay for several taxes, such as corporate income tax, employee withholding tax, and value-added tax. Each of these taxes have different rates and different percentages. With a tax consultant in Indonesia at your disposal, you will have someone that can keep track of these rates and regulations and will be able to assist your decision-making if a regulation change ever happens.
2. Help you save money
With a tax consultant’s help, you will be able to assess your potential tax returns and find ways around the regulation which would help you save money. These alternative and smarter ways to pay tax are only known by tax consultants with a certain degree of experience and expertise in the area. Moreover, A good tax consultant will give you detailed information regarding tax report in Indonesia and explain how you can save money.
3. Help you save time
The average tax returns take about 20 hours to complete. This timeline is projected for experienced tax professionals. Now imagine if someone without previous experience in dealing with tax is asked to perform this duty, it will undoubtedly take more time and energy. A tax consultant in Indonesia gives you a reliable option to delegate your tax matters so you can save time and actually focus on running your business.
4. Avoid mistakes
Taxes often involve the calculation and analysis of huge numbers. This is a condition that is very vulnerable to mistakes. Therefore, by hiring a tax consultant, you will have someone reliable to pay attention to all the details and make sure all the calculations are precise.
How can Double M help?
Hiring tax consultant in Indonesia will help you comply with the tax regulations in Indonesia. Double M provides tax consultancy services for all your tax-related matters. Should you have any inquiries, please contact us.