KJA: Reliable Partner for Financial Statements and Tax Compliance

In Indonesia, April often stresses business owners, as they must meet their annual tax reporting obligations by the final deadline. Companies need to file their Corporate Annual Tax Return by 30th April, pushing many entrepreneurs to gather the required documents. So, what documents should businesses prepare for their Corporate Annual Tax Return? Let’s find out!

Required Documents for Corporate Annual Tax Return

Before filing the Corporate Annual Tax Return, first ensure you have prepared the following documents:

1. Monthly Tax Return Archives (PPh and/or VAT)
   Previously submitted monthly income tax (PPh) and/or value-added tax (VAT) reports.
2. Tax Withholding Receipts
   Documents showing income tax withheld from employees or vendors.
3. Proof of Tax Payments (PPh Article 25 & Article 4(2) for MSMEs
   Records of payments that have already been made.
4. Financial Statements – The Most Crucial Component
   Your financial statements should include:
   – Recap of Sales and Purchases
   – Profit and Expense Statement (Income Statement)
   – List of Assets, Liabilities, and Equity (Balance Sheet)
   – Financial reports that follow Indonesian Financial Accounting Standards (SAK) or other relevant standards (e.g., SAK ETAP or EMKM for specific entity types)
   
5. Company Legal Documents
   Deed of establishment, amendments, and other relevant legal documents.

All of the documents are carried out online via the Coretax system.

Related: 5 Reasons Business Taxes Are Crucial to Your Company’s Success

KJA Services for Business Owners

Preparing financial statements and calculating taxes is no simple task. Mistakes can lead to tax audits or penalties. The solution? Work with a KJA (Licensed Accounting Services Firm).

KJA—short for Kantor Jasa Akuntan—is an Indonesian registered (licensed) accounting services firm, officially authorized by the Ministry of Finance. It is established and led by a Practicing Accountant (Akuntan Berpraktik) who holds a Chartered Accountant (CA) certification

Why Choose a KJA?

• Legal & Trusted
  Regulated under PMK No. 216/2017 and supervised by IAI (Indonesian Institute of Accountants).
• Guided by Professionals
  A KJA must be led by someone with a bachelor’s degree in accounting, a CA certification, and over 3 years of experience.
• Ethical and Quality-Focused
  KJAs must comply with professional standards and undergo quality reviews to maintain service excellence.
• Business Insights
  In addition to handling taxes, a KJA can help identify business losses, create SOPs, and optimize your financials.

Choosing the Right KJA

To avoid choosing the wrong service provider, make sure the KJA:

• Is listed on Find KJA, the official IAI platform to verify licensing.
• Is led by an active Practicing Accountant with a valid 5-year license.
• Has a clear website and portfolio showcasing their services and expertise.

Want to know more about the role of KJA and how it can support your business? Check out IAI’s podcast at the link below: