Safeguarding Your Investments in Indonesia through Proper Financial and Tax Reporting

Jakarta, September 26, 2025 – Reanda Bernardi, in collaboration with Bank Central Asia (BCA), successfully hosted a seminar entitled “Safeguarding Your Investments in Indonesia through Proper Financial and Tax Reporting.” The event gathered finance and tax professionals to share insights on safeguarding investments amid rapid changes in both national and global regulations.

Distinguished Speakers

The seminar featured a strong lineup of speakers:

• Michelle Bernardi, CEO of Reanda Bernardi
• Frengky Chandra Kusuma, Director of BCA
• Vera Butarbutar and Ria Astri, Tax Partners of Reanda Bernardi
• Billy Jonathan, Assistant Vice President of BCA

This combination of expertise brought together perspectives from corporate leadership, banking, and professional tax advisory.

Spotlight on Transparency and Compliance

In her opening remarks, Michelle Bernardi highlighted the challenges foreign companies particularly from China often face in managing financial reporting in Indonesia. Common issues include:

• Bookkeeping conducted outside Indonesia, despite regulations requiring records to be maintained domestically.
• Inaccurate estimation of variable revenues, creating potential misstatements under IFRS 15.
• Revenue recognition not aligned with project progress, especially in the EPC (Engineering, Procurement, and Construction) sector.
• Misclassification of factory depreciation costs as variable overhead instead of fixed overhead

Michelle emphasized that these are not just technical mistakes, but issues that affect investor trust and carry the risk of penalties from tax authorities.

Global Tax Reforms and Their Implications

Ria Astri, Tax Partner at Reanda Bernardi, presented the latest developments in international tax reforms and their impact on Indonesia’s investment landscape. Key highlights included:

• Global Minimum Tax (MoF Regulation No. 136/2024): Introducing a 15% minimum global tax rate for multinational corporations with revenues exceeding EUR 750 million. This aims to curb profit shifting and reliance on low-tax jurisdictions.
• Corporate Coretax System (MoF Regulation No. 81/2024): A centralized, digitalized system requiring active directors with valid NPWP and NIK to act as Persons in Charge (PICs). This regulation strengthens accountability and discourages nominee practices

She also stressed that traditional tax incentives such as tax holidays and tax allowances may lose effectiveness under the global minimum tax rules, urging Indonesia to build competitiveness through regulatory stability, transparency, and a better investment climate.

The Role of BCA in Supporting Investors

Representing BCA, Frengky Chandra Kusuma, Director of BCA, underscored the bank’s important role in the business world, particularly in supporting Chinese investors operating in Indonesia. He highlighted BCA’s efforts to foster a favorable investment environment through reliable, efficient, and investor-oriented banking services.

The seminar concluded with a presentation by Billy Jonathan, Assistant Vice President of BCA, who discussed BCA’s strategy and future business plans. His remarks focused on strengthening services for Chinese investors looking to expand their businesses in Indonesia, reaffirming BCA’s commitment to continuous innovation in cross-border investment support.

Interactive Q&A Session

The event wrapped up with an engaging Q&A session, giving participants the opportunity to ask direct questions about tax compliance, financial reporting practices, and banking strategies. The lively exchange reflected the audience’s strong interest in ensuring their investments remain secure under Indonesia’s evolving financial and tax frameworks.