Top 5 Reasons Why PT PMA Owners in Bali Need an Accountant
If you own a PT PMA (foreign-owned company) in Indonesia, especially in Bali, you are legally responsible for submitting regular tax and investment reports. Some business owners choose to manage everything on their own—especially in the early stages. However, in most cases, working with a professional accountant turns out to be not only easier but also more cost-effective. Below are the key reasons why you should delegate your reporting to a professional now.
1. Lack of knowledge does not exempt you from liability
Indonesia has strict corporate reporting requirements.
All companies are required to submit monthly, quarterly, and annual reports, regardless of whether the company was operational during the reporting period.
Particular attention should be paid to the annual tax return (SPT Tahunan Badan), which must be submitted by April 30 via the Coretax system. Even if the company had no activity, a zero report is still mandatory.
Late submission or errors in the declaration may result in:
fines and penalties;
issues with renewing KITAS and licenses;
damage to the company’s reputation in the eyes of government authorities.
2. Coretax and tax forms are complicated
Starting from 2025, all tax reporting is submitted via the Coretax platform. This is not a simple online form — the system requires accurate completion of tax forms, including profit and loss reports, balance sheets, and declarations of tax obligations. One incorrect code or a missing field can lead to your report being rejected. Without experience, navigating this process is challenging.
3. Hiring an accountant is cheaper than paying a fine
The penalty for late submission of the SPT Tahunan starts from 1 million IDR and can increase depending on the violation. Incorrect tax calculations may also lead to additional assessments or audits. Working with a licensed accountant means paying a fixed, predictable amount — which is almost always cheaper than fixing mistakes after the fact.
4. Ongoing support saves you time and stress
As a business owner, your focus should be on growing your company — not on tax codes and forms. An accountant who supports you throughout the year will know your business details, keep track of deadlines, and let you know exactly what documents you need to provide. This gives you peace of mind and more time to focus on your business goals.
5. Tax laws change frequently
In Indonesia, tax rates, report formats, and submission requirements are updated every year. What worked last year may no longer apply this year. A licensed accountant stays on top of all these changes and ensures your reports remain compliant with current regulations.
Contact us to:
Prepare and submit your 2024 report through Coretax
Receive a checklist of documents to provide to your accountant
Switch to a secure, full-year accounting support plan
Run your business with peace of mind — we’ll take care of your reporting.
