Thread: Bali accountants

Originally Posted by Fred2

jkbali this is Indonesia, it is nothing like the rest of the world. you should know as you say you have a business here.

Fred - take a deep breath, calm down and re-read the OP's question again... then look at your answer!! It's Nggak Nyambung ah!!!

Gary, the tax structure is different here to Australia. Tax returns are a very vague thing. By all means keep your receipts but you may never find the means to utilise them.
I operate a few registered businesses here. Tax time is interesting.
A group of 8 money collectors come around every month to collect the tax. Every 3 months a group of 7 different tax inspectors come around to check if the first 8 tax inspectors have done their monthly job.
Every year 6 annual tax inspectors come around to check if the second group of 7 tax inspectors have properly checked the work of the 8 tax inspectors in the first group.
The annual group of 6 tax inspectors then sit down and discuss how much tax you must pay. No one wants to look at any books or worries about depreciation.
The leader of the annual group then comes up with an amount of tax that should be paid monthly. After a few discussions a number is reached that everyone is happy with and off they all potter.

Originally Posted by BKT

My wife studied finance at Uni and she seems to think you can.

you must love you wife very much, it makes me smile, every time you write a message you always mention your wife..... so cute :-)

Originally Posted by no.idea

Gary, the tax structure is different here to Australia. Tax returns are a very vague thing. By all means keep your receipts but you may never find the means to utilise them.
I operate a few registered businesses here. Tax time is interesting.
A group of 8 money collectors come around every month to collect the tax. Every 3 months a group of 7 different tax inspectors come around to check if the first 8 tax inspectors have done their monthly job.
Every year 6 annual tax inspectors come around to check if the second group of 7 tax inspectors have properly checked the work of the 8 tax inspectors in the first group.
The annual group of 6 tax inspectors then sit down and discuss how much tax you must pay. No one wants to look at any books or worries about depreciation.
The leader of the annual group then comes up with an amount of tax that should be paid monthly. After a few discussions a number is reached that everyone is happy with and off they all potter.

Gary this is good advise, my wife goes to the tax office every months fills out the paper work, but she has a CV company. As jkbali said keep all your dockets, you my be the first person in Indonesia to get money back from the tax man.

Originally Posted by Fred2

As jkbali said keep all your dockets, you my be the first person in Indonesia to get money back from the tax man.

I said he should keep the receipts for documentation purposes - as his question was whether he can depreciate the office furniture he purchased. It has nothing to do with getting money back from the government. It's a common accounting practice use to evaluate the value of your company at any given time. The furniture he purchased will be classified as fixed asset - therefore the answer to his question is "YES" the furniture can be depreciated over time.

I wonder if you even understand his question???

Hi everyone.

I would like to say thank you to everyone for your input.

We are slowly working things out.

Also our new company will open here in Bali tomorrow.Its a service for all us expats.We are a business, visa and property consultant.So any government docs you need lodging come in and see us.We are at 12 Jalan Kunti, Seminyak just past the Bali Deli or you can find us at Bali Expat Services - Bali Business Licenses | Property Document | Visa Consultant or under Bali Expat Services on facebook.

We hope to see you soon to offer you our services.

Thanks again guys

Gary

I think you can, just keep the all the receipts of the products you purchased.