One of the most populous countries in the world, Indonesia holds a big influence in the region, economically and politically. It’s economic strength comes from mining and manufacturing notably oil, coal, gold, copper as well as textile products and footwear. It’s agricultural sector remains interesting still with its vast abundant fertile soil for forestry, plantation, farming and fishery, and the trading and hospitality sector.
For more info visit :http://www.bkpm.go.id
Each 29 provinces has their own set amount of minimum wage ranging from IDR 1,250,000 to IDR 2,193,000
The minimum number of annual leaves are 12.
A required form of retirement fund. Insured person: 2% of gross monthly earnings; and Employer: 3.7% of monthly payroll.
For more info visit :http://www.depnakertrans.go.id
Under Indonesian Taxation Department, the rate for companies of resident status are at a flat rate of 25%
VAT with a standard rate of 10%. VAT can only be levied and charged if the business is registered under VAT Registered Business with an annual turnover of taxable supplies reach the prescribed threshold of IDR 4.8 billion.
For more info visit :http://www.kemenkeu.go.id/