Tax
At Woodswater Advisory, we offer a comprehensive range of tax services designed to support businesses and individuals in Indonesia. Our approach focuses on tax compliance, strategic planning, and providing insightful tax advice to help you navigate the complexities of the Indonesian tax system. Here’s an overview of the tax services we provide
Here’s an overview of the tax services we provide:
Business Tax Services
- Tax Compliance: We assist businesses with their corporate tax filings, including income tax returns, VAT/GST, and payroll taxes, ensuring full compliance with Indonesian tax laws.
- Tax Planning & Strategy: We help businesses minimize tax liabilities by developing tax-efficient structures, guiding on the optimal business entity setup, and offering strategic tax planning for long-term success.
- Transfer Pricing: We assist multinational businesses with transfer pricing documentation and compliance, ensuring that intercompany transactions are aligned with Indonesian tax regulations.
- Tax Audits & Dispute Resolution: If your business is audited by the tax authorities, we provide expert guidance in navigating the audit process, helping to resolve disputes and objections to minimize penalties
Personal Tax Services
- Income Tax Returns: We ensure that individuals file their personal income tax returns correctly and take advantage of all possible deductions, credits, and exemptions.
- Tax Planning: For high-net-worth individuals, we offer personalized tax planning strategies to optimize income tax outcomes, focusing on investments, superannuation, and other wealth management strategies.
- Capital Gains Tax (CGT): We offer guidance on minimizing CGT, especially for individuals involved in property investments or the sale of capital assets.
Indirect Tax Services
- VAT/GST Compliance: We help businesses comply with Indonesia’s VAT/GST system, ensuring proper registration, filing of returns, and claiming of input tax credits.
- Customs & Excise Duty: For businesses engaged in importing/exporting, we provide expert advice on customs duties, excise taxes, and compliance with the Indonesian customs regulations.
- Fringe Benefits Tax (FBT): We assist employers with the calculation and reporting of FBT on non-cash benefits provided to employees, helping to ensure compliance and minimize liabilities.
Tax Advice for Foreign Investment
- Cross-border Taxation: For foreign investors or businesses operating in Indonesia, we provide advice on navigating the Indonesian tax system and ensuring tax compliance under local laws, including foreign tax credits and tax treaties.
- Double Taxation Avoidance:We help businesses understand how to leverage Indonesia's double taxation agreements (DTAs) to reduce or eliminate the potential for double taxation.
Superannuation & Retirement Tax Services
- Superannuation Advice: We assist individuals with tax-effective strategies for saving for retirement, including advice on contribution limits, tax advantages, and withdrawal strategies.
- Taxation of Pensions and Superannuation Funds: We guide clients on the tax treatment of pension withdrawals, ensuring individuals make the most of their superannuation accounts.
Real Estate & Property Tax Services
- Property Tax Advice: We offer advice on tax-efficient property investment strategies, including the taxation of rental income, capital gains tax on property sales, and land tax.
- Negative Gearing: We help property investors optimize their tax position through strategies like negative gearing, ensuring that interest expenses on loans outweigh rental income.
Tax Planning for Trusts and Estates
- Estate Planning & Taxation:We help individuals with estate planning, including advising on structuring wills, minimizing estate taxes, and ensuring that tax obligations are met after the death of the estate holder.
- Double Taxation Avoidance:We help businesses understand how to leverage Indonesia's double taxation agreements (DTAs) to reduce or eliminate the potential for double taxation.
Taxation of Dividends and Business Restructuring
- Dividend Taxation: We provide insight into the taxation of dividends for both individuals and corporations, helping to minimize tax on dividend income.
- Business Restructuring: For businesses undergoing mergers, acquisitions, or restructuring, we offer tax planning advice to minimize tax liabilities and ensure efficient outcomes from these transactions.
Tax Litigation and Dispute Resolution
- Tax Audit: In the event of an audit, we help businesses and individuals manage the audit process, ensuring compliance and defending against unfavorable assessments..
- Dispute Resolution: If there are disagreements with the tax authorities, we assist in negotiating settlements, filing objections, and handling tax-related litigation to ensure the best possible outcome.
Sustainability and Tax Efficiency
- Sustainability Reporting:We help businesses develop tax-efficient strategies related to sustainability, aligning with global ESG standards, and reducing environmental tax liabilities.
- Green Investment Taxation:For businesses and individuals involved in sustainable investments, we provide guidance on the tax incentives and credits available for green investments.
Taxation of Dividends and Business Restructuring
- Dividend Taxation: We provide insight into the taxation of dividends for both individuals and corporations, helping to minimize tax on dividend income.
- Business Restructuring: For businesses undergoing mergers, acquisitions, or restructuring, we offer tax planning advice to minimize tax liabilities and ensure efficient outcomes from these transactions.
Tax Litigation and Dispute Resolution
- Tax Audit: In the event of an audit, we help businesses and individuals manage the audit process, ensuring compliance and defending against unfavorable assessments..
- Dispute Resolution: If there are disagreements with the tax authorities, we assist in negotiating settlements, filing objections, and handling tax-related litigation to ensure the best possible outcome.
