Corporate Office

The TraceWorthy Consulting team are often out and about with clients and projects. Please contact us prior to coming to the office so that we can be sure the right person is there to meet you.

+62 (0) 812 1803 1893

office@traceworthy.com

Jl. Raya Canggu No. 99B
Pererenan 80351 BALI

TraceWorthy

TraceWorthy3 weeks ago

At TraceWorthy, we embody clarity, balance, and accessibility in all we do.

Our commitment to delivering clear, balanced, and accessible information empowers partners and clients to confidently make informed decisions, whether it's about tax matters or strategic planning. We are more than consultants, we are collaborators dedicated to guiding you every step of the way toward business success.

From navigating legal complexities to optimizing financial strategies, count on us to help you thrive together.

Let's drive success through partnership with confidence and commitment, building a future of achievement together.

#OurTeamIsYourTeam #traceworthy #trustworthy #expatsforexpats #businesspartnership #business #consulting

View on Facebook

TraceWorthy3 weeks ago

Attention business owners in Indonesia, both foreign-owned and domestic!

The religious holiday season is upon us. Remember to honour your employees by paying Tunjangan Hari Raya (Religious Holiday Allowance) (THR) on time.

Many Western countries provide holiday loading for employee annual leave. However, Indonesia does things a little differently.

THR is a tradition aimed at uplifting the welfare of workers and their families during religious holidays.

According to regulations, all employees, regardless of their employment status, are entitled to THR if they have been employed for at least one month. For those employed for 12 months or more, it is equivalent to one month's average salary.

The timing of THR depends on the religion of the employee. For Muslim staff, it is paid in time for Eid-Ul-Fitr. For Hindu staff, Nyepi. Payment must be made at least seven days before the holiday.

Even in special cases like resignation or termination, THR must be paid pro rata for the time worked. Failure to comply results in fines and administrative sanctions.

Have questions or need clarification about THR or how to include it in your employment agreements? We are here to support you in every possible way!

If you have inquiries, require additional information, or simply want to chat, please don't hesitate to contact us. Send us a message or a DM to connect with our friendly team.

Your questions are important to us, and we are excited to offer the assistance and details you seek.

#OurTeamIsYourTeam #AskTheTeam #traceworthy #trustworthy #expatsforexpats #TunjanganHariRaya

View on Facebook

TraceWorthy3 weeks ago

Time to Tackle Tax Season! 📅📊

Attention, companies resident in Indonesia!

The tax season has returned, necessitating a thorough review of your corporate tax reporting.

As the deadline approaches on 30 April 2024, it is imperative to ensure compliance with your reporting responsibilities.

Here is the lowdown:
Your annual tax reporting duty involves documenting income tax from corporate profits, a critical part of the Annual Corporate Tax Return process.

Before submitting, ensure you have checked all the boxes. From basic requirements such as your Corporate Tax ID and electronic certificate to detailed necessities like business permits and audited financial statements, every detail is crucial.

Feeling overwhelmed by tax obligations?
We've got you! The financial experts at TraceWorthy Consulting are ready to navigate you through the complexities of taxes.

Contact us today for professional assistance and a stress-free tax season.

Drop a comment or send us a DM for more information.

#traceworthy #expatriatebusiness #foreignowned #trustworthy #taxtime #corporatetax

View on Facebook

TraceWorthy4 weeks ago

REMINDER: Business Owners in Indonesia

Got your Quarterly Investment Activity Report (LKPM) on your radar?
It is your ticket to smooth sailing in the Indonesian investment scene.

What you need to gather:
* Summary of what you have invested in.
* Updates on projects you have started.
* Breakdown of where your money has gone.

Mark your calendar and remember these dates:
* Q1 Report: Due by 10 April
* Q2 Report: Due by 10 July
* Q3 Report: Due by 10 October
* Q4 Report: Due by 10 January

Should you require assistance, rest assured that our team is here to support you.

Streamlining LKPM reporting is our expertise, enabling you to concentrate on expanding your investment.

Reach out to us today, and together, let's simplify the process.

#OurTeamIsYourTeam #expatsforexpats #trustworthy #traceworthy #StatutoryReporting #LKPM #PTPMA

View on Facebook

TraceWorthy4 weeks ago

Ready to call Indonesia home, sweet home?

Let's talk KITAP, your Permanent Stay Permit Card.

Why is it awesome?
No more yearly permit renewals!
Plus, perks like an Indonesian ID with a validity of five years, driver's licenses, a bank account, a credit card, a loan, and if you are married to an Indonesian citizen, you may have right of use over jointly owned property in Indonesia.

How do you get KITAP?
- Employment / Investment KITAP: After four years of sponsorship by the same company.
- Spouse KITAP: After two years of marriage, with permanent residency in ten years.
- Retirement KITAP: When you hit 60 years of age, if you first applied at 55.

Short on time or confused by the process?
Let us handle your permit application and renewal so that you can focus on more fun things to do.

Reach out to TraceWorthy Consulting for expert assistance today.

#OurTeamIsYourTeam #expatsforexpats #trustworthy #traceworthy #neverleave #KITAP #BaliLife

View on Facebook

TraceWorthy4 weeks ago

Want to keep your business in Indonesia on track? Here are five simple yet crucial tips:

1. Having clear governance agreements in place is essential to establishing comprehensive understandings with your partners and mitigating potential conflicts in the future.
2. Regularly monitor your business's status on government portals to ensure compliance with regulations and prevent unexpected issues.
3. Ensure the accuracy of your quarterly reports by seeking professional assistance to safeguard your licenses.
4. Define roles and responsibilities by establishing explicit contracts for your staff to mitigate misunderstandings.
5. Conduct thorough research and formal due diligence on land deals before making a purchase to mitigate potential legal complications.

Ready to safeguard your business's success?
Reach out to the expert team at TraceWorthy Consulting for personalized guidance and support.

Let's pave the way for a thriving business journey in Indonesia!

#traceworthy #expatriatebusiness #foreignowned #trustworthy #legalcompliance #OurTeamIsYourTeam

View on Facebook

Trending News

Connect With Us

Corporate Office

What We Do

Pages

SEND A MESSAGE

Contact the Team

Cross-Cultural Interactions Define Successful Trade Relations

Bringing Complementary, Alternative & Natural Therapy into Mainstream Healthcare

Beef Cattle Production in Northern Australia

Dealing with Culture in State Government Policy

Bringing Social Outcomes to the Education Sector

Cultural Sensitivity in the Health Sector

Corporate Office

What We Do

Pages

SEND A MESSAGE

Contact the Team