Cosmetic products in Indonesia require registration for each product variation—strict regulations about labeling, advertising, claim requirements, and ingredient usage. Ensure compliance with these requirements for successful registration. Register the legal entity online at BPOM. Online registration of the manufacturer. Corporate Tax Rates in Indonesia for 2024. Indonesia’s corporate tax rate is set to remain at 22% in 2024. However, public companies meeting specific requirements, including a minimum 40% listing on the Indonesia Stock Exchange (IDX) and other criteria, can enjoy a 5% tax reduction from the standard rate. The DGT has also reinforced tax audit procedures for taxpayers with related-party transactions. This regulation provides more clarity and is more relevant with the current transfer pricing issues in practice. Comprehensive forms required to be completed by the taxpayers during a tax audit are also provided in the regulation. The acronym TBK has many different meanings. It could mean Temple B'rith Kodesh, The Big Kahuna, The Black Keys, The Black Knights, radio transmitter, and much more. BRl5.

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