When a company enters a period of dormancy, it must remain completely inactive, with no financial transactions occurring during this time. Dormancy periods typically last between one and two years, with the option to extend if necessary.
Despite the lack of financial activity, dormant companies are still required to fulfill their tax reporting obligations. Okusi Associates provides comprehensive zero-activity tax reporting services, ensuring that your dormant company remains compliant with Indonesian tax regulations.
Our dormant company services include:
- Preparation of Statement of Financial Position (Balance Sheets)
- Preparation of Statement of Comprehensive Income, as required by the Indonesian Tax Office
- Notification of Events or Issues requiring attention
- Annual tax report preparation and submission to the Indonesian Tax Office (charged separately at Rp5,000,000)
- Tax Audit and SP2DK support (charged separately, depending on the scale of business and transactions)
- Ad hoc taxation advice related to regulation changes impacted by the pandemic or any other specific situation
For VAT Registered Companies, the annual fee for our zero-activity tax reporting service is US$ 843. The preparation and submission of the annual tax report to the Indonesian Tax Office will be charged separately at Rp5,000,000.
Maintaining compliance during a period of dormancy is crucial to avoid potential penalties and legal issues. Okusi Associates understands the unique challenges faced by dormant companies and is committed to providing the support and expertise needed to navigate the complexities of Indonesian tax regulations.
Our team of experienced tax professionals stays up-to-date with the latest changes in tax legislation, including those related to the ongoing pandemic. We offer ad hoc taxation advice to help your dormant company adapt to these changes and maintain compliance.
By entrusting your zero-activity tax reporting to Okusi Associates, you can have peace of mind knowing that your dormant company’s tax obligations are being handled by experts who prioritize accuracy, timeliness, and client satisfaction.
See Also: * Accountancy & Tax Reporting - VAT Company * Accountancy & Tax Reporting - Non-VAT Company * Personal Tax Reporting * Internal Audit * Comprehensive Financial Accounting * Financial Statement Audit
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