committed to excellence - pb taxand...pb taxand head of˘ce menara imperium, 27th fl., jl. h.r....
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PB TaxandHead Of�ceMenara Imperium, 27th Fl., Jl. H.R. Rasuna Said Kav. 1, Jakarta 12980, IndonesiaPh. +62 21 8399 9919 Fx. +62 21 8379 3939 [email protected]
Branch Of�ceGraha Bukopin, 9th Fl., Jl. Panglima Sudirman 10-18, Surabaya 60271, IndonesiaPh. +62 31 531 9598 Fx. +62 31 531 9599 [email protected]
www.pbtaxand.com
committed to excellence
Taxand provides high quality, integrated tax advice worldwide. Our tax professionals,
nearly 400 tax partners and over 2,000 tax advisors in nearly 50 countries - grasp both
the fine points of tax and the broader strategic implications, helping you mitigate risk,
manage your tax burden and drive the performance of your business.
We're passionate about tax. We collaborate and share knowledge, capitalising on our
collective expertise to provide you with high quality, tailored advice that helps relieve the
pressures associated with making complex tax decisions.
We're also independent - ensuring that you adhere both to best practice and to tax law
and that we remain free from time-consuming audit-based conflict checks. This enables
us to deliver practical advice, responsively.
Further information is available at www.taxand.com
Taxand ... World Class, Worldwide 01
PB Taxand is one of Indonesia’s leading tax advisory, tax compliance and
transfer pricing service providers and is unique in Indonesia as being a member
of TAXAND, the world’s largest independent tax organization.
Based in Jakarta and Surabaya, PB Taxand is staffed by dedicated professionals
with a deep understanding of local tax policies and business culture. Our
longstanding personal and professional relationships with prominent industry
leaders keep us abreast of latest developments. We are equally well informed on
international legislation and trends.
Our clients include many of the nation’s leading businesses and fastest growing
corporations in key sectors such as banking, mining, trading, manufacturing,
property, securities and finance, as well as prominent multinationals.
PB Taxand ... Experts in Indonesia
Dedicated professionals who understand Indonesian tax policies and business culture
PB Taxand has achieved worldwide market recognition. In the International Tax Review’s
(ITR) World Tax Guide 2016 and ITR World Transfer Pricing Guide 2016, PB Taxand has
won as a Leading Firm of the Year.
We use our company’s world-class capabilities to anticipate
our clients’ needs. Leveraging the experience gained through
past successes, we look beyond the obvious for creative
business solutions.
Since its founding in 1996, PB Taxand has earned the trust of an ever growing
number of clients. We provide objective and independent counsel to national
firms, as well as to multinational companies doing business in Indonesia.
PB Taxand specialists cater to the needs of industrial and commercial entities,
state-owned businesses, family-owned businesses and publicly held
companies.
PB Taxand provides a broad range of services, delivered with a degree of
flexibility that significantly benefits our clients. Our company has also
demonstrated its ability to work successfully with multinational financial
organizations by giving them local presence.
Client satisfaction is what drives us. Our goal always is to guide clients to
achieving their full business potential. We devise win-win solutions that lead to
profitable results.
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03deliveringexcellence
PB Taxand’s key focus is on finding and developing creative solutions that
reduce our clients’ tax exposure.
Underlying all of our activities are three core values:
• Clarity … seeing beyond the obvious.
• Creativity … finding solutions to problems from different perspectives.
• Compassion … building true partnership with clients.
PB Taxand professionals exhibit a high degree of empathy for their clients,
building strong personal bonds based on a genuine understanding of the
problems that clients face. Our specialists are skilled at asking just the right
questions at the right moment, using client responses to arrive quickly at
practical, workable solutions.
Moreover, through our guest speaker program, our regular newsletter, and
resources we make available through the Internet, PB Taxand offers clients
a wealth of timely information and decision-making tools not readily
available elsewhere.
Client Benefits
People
Our primary asset is the outstanding team of enthusiastic, top-notch
professionals who help PB Taxand maintain its industry leadership position.
We recruit only the best talent available, and continually develop their technical,
creative and interpersonal skills.
We are proud of our team members’ positive mental attitude, and the sincere
interest they take in our clients and in meeting their needs.
PB Taxand team members enjoy the advantage of in-house workshops, as well
as seminars both in Indonesia and abroad. Our team is well informed, highly
motivated and extremely proud of the work we do for our clients.
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clarity, creativity, and compassion
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Tax issues are a crucial component in any company’s operations. With
Indonesian tax regulations growing more complicated, and tax officials becoming
more diligent in carrying out audits, failure to comply with tax regulations could
lead to significant financial exposure and cost. It has never been more important
to ensure that your tax affairs are carried out in strict accordance with the law.
Our tax specialists are fully knowledgeable about macroeconomic trends that
may impact the client‘s tax positions, and carefully monitor government policies,
initiatives and pending legislation with regard to corporate and personal taxation.
Our close relationships with the government officials who are in charge of
formulating and enforcing these policies, enable us to anticipate changes in
taxation policies.
At PB Taxand, we nurture strong and enduring relationships with our clients,
while maintaining the highest standards of integrity, confidentiality and trust.
Tax Advisory Services
Cross-Border Tax Issues
In addition to our extensive networking with overseas tax advisors, our
in-depth tax-planning expertise takes general tax consultation a notch
higher than is usual. We identify the best possible, workable tax advice
and find ways to implement optimum tax solutions and alternatives,
always focusing on maximizing our clients’ tax savings and minimizing
their tax problems.
Local Tax Advisory
We provide sound advice on specific tax laws and regulations.
We prepare both written and verbal communications and provide clients
with our views and interpretations of relevant government rules
and regulations.
When it comes to tax, making the right moves is vital. We understand tax and have the expertise to keep you ahead of the game, with the right strategy for your every move.
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Tax Review
Tax issues have a dramatic effect on a company’s bottom line.
PB Taxand has the skills and experience to prepare independent
company tax reviews based on a diagnostic check of our client’s books
and records. We determine if all rules and regulations have been
complied with, and look for additional ways to maximize tax savings.
Tax Audit / Verification
During an audit, PB Taxand is available around the clock for private
consultation. We gather, compile, review and file all relevant
documents, explain tax jargon in layman’s language, and represent
clients to tax auditors. We interpret any corrections deemed necessary
by the tax auditors until an assessment letter of tax verification has
been obtained.
Tax Objection and Appeal
When a client receives unfair assessment from the government, we
prepare and lodge a letter of objection and represent the client at the
Tax Office. If the objection is rejected, and we think the client has a fair
chance of winning, we will represent the client to pursue the case in
the Tax Court.
Tax Refund
When our clients inadvertently overpay particular taxes, we assist them
get a timely refund. We deal directly with the Tax Office and the State
Treasury, and work until the refund has been made.
Mergers & Acquisition and Corporate Restructuring
Managing risk and ensuring net cash flow are vital to companies in
transition - whether they are making an acquisition, disposing of a
non-core business, or going through a merger. Efficient and early tax
planning adds value to every single transaction by reducing both actual
transaction tax costs and the long-term sustainable tax rates. Our
company has tax professionals who are creative and have extensive
experience in mergers and acquisition as well as corporate restructuring.
Tax Advisory Services08
09Advice you can trust
“Because Time is Your Most Valuable Asset”
Tax and financial issues are crucial components in any company’s operations. Failure
to comply with tax regulations and financial matters could lead to significant financial
exposure and cost. Worst of all, it consumes time - considered the most valuable
asset in running a company.
PB Taxand, focuses on creative solutions aimed at reducing our clients' tax exposure
as well as taking care of other complex financial matters - effective and efficient
solutions that save a lot of time - time which can be used to focus on our clients’
most significant concern: the company's business performance. Our team, with
in-depth experience in finance and taxation, is oriented to provide the best solutions
to our clients’ problems - solutions that best serve our clients' interests.
Tax Compliance Services10
Personal Tax Assistance (PTA) Services
When it comes to personal tax and financial matters, sometimes we need a
second opinion and assistance. PB Taxand offers our Personal Tax Assistance
(PTA) Service dedicated for high network individuals, business owners,
commissioners, and BOD members. Our service includes tax planning and
consultation, preparation, completion of individual income tax returns (Form
1770/S) and monthly individual tax compliance administration. We also assist
in the preparation and representation of individuals facing tax controversies such
as verification, tax objection, as well as tax appeal.
Most of the time, people take good care of their ventures and put their personal
administration on second priority. We believe it is time to bring personal
administration to first priority. Due to the recent intensive amendments in the tax
regulations in Indonesia, we design our PTA Service to ensure that your
personal tax matters are taken care of.
Tax Seminars (In-House & Public)
Keeping up with constantly evolving tax laws and regulations is more complex than people
ever believed, especially with limited resources and little understanding of how the tax
system works. Finding your way around the new regulations affecting individual and
corporate tax as well as financial decisions is critical in managing your business and
investment efficiently. Through regular tax seminars, PB Taxand will guide you through the
maze with continuous updates on the current tax regulations and tax issues. We are able
to design a customized in-house training program to respond to your needs and to
accommodate your specific requirements and expectations.
Monthly Corporate Tax Compliance
Filing monthly tax returns can be a tricky business. We make it easier for clients by
providing the necessary tools to shorten monthly and/or routine tax documents
processing. We educate and empower our clients’ in-house accounting team to
prepare accurate and timely reports. Once the standards and procedures are
established, we continue to supervise and review monthly compliance documents to
guarantee consistency.
With a significant occurrence of cross border transactions, the importance of
transfer pricing rule has captured the tax authority’s attention. In Indonesia, domestic
transactions between associate enterprises are subject to transfer pricing rule as
well. In order to ensure that the enterprises carry out their related party transactions
in accordance to the Indonesian tax regulations and transfer pricing guidelines,
the Indonesian tax authority requires transfer pricing documentation for each
intercompany transaction.
It is increasingly important for enterprises to pay particular attention in their corporate
behavior and how enterprises determine the pricing of their products or services to
their associates in accordance with the arm’s length principle.
PB Taxand has years of experiences in handling tax audit, tax objection and litigation
including transfer pricing. As transfer pricing issues get more complex, PB Taxand
created a special Transfer Pricing Team which works together with our corporate tax
division in handling transfer pricing cases.
PB Taxand’s Transfer Pricing Team is supported by the network of Taxand experts
located in more than 50 countries, as well as global support resources which include
transfer pricing databases, trainings and all other resources.
Transfer Pricing Services 13
12 Crucial components, managed with ease
The complex made simple
Advance Pricing Agreement
We assist in the process of unilateral and bilateral Advance Pricing Agreements with
tax authorities, starting from the preparation of supporting documents to obtaining
approval from tax authorities.
Group Structuring
We provide strategic advices on the group structure as well as assistance in
conducting the business structuring review, especially on the related party
transactions, in accordance with the Indonesian tax regulations and Transfer
Pricing guidelines.
Tax Disputes Resolutions
We assist in explaining the Transfer Pricing Documentation for the purpose of tax
audits, objections, and appeals.
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Transfer Pricing Services14
We assist in the preparation of integrated Transfer Pricing Documentation to
establish compliance with the requirements of the Indonesian tax authority and in
accordance with the OECD Transfer Pricing Guidelines to create a credible
Transfer Pricing Documentation.
Transfer Pricing Documentation
16 Building on Success
Our goals remain consistent – to provide our clients with the finest tax advisory,
tax compliance and transfer pricing services, and to meet the needs and
maintain the trust of our clients.
We are single-minded in our pursuit of excellence, and our satisfaction comes
from sharing in the business success that we help our clients achieve.