SPT Tahunan (Annual Tax Return) is an Indonesian tax form submitted once a year by individuals and businesses. It summarizes total income, deductible expenses, and taxes paid over the year. Filing SPT Tahunan ensures compliance with Indonesia’s annual income tax obligations.
SPT Masa 1721-II is a supplementary form to Indonesia’s monthly PPh 21 tax report. It lists detailed information on each employee’s income, deductions, and tax withheld during the reporting period. This form helps the tax office verify accurate payroll tax calculations and employer compliance.
SPT Masa 1721 is a monthly tax return form used by Indonesian employers to report and remit employee income tax (PPh 21) to the tax authority. It details total wages, tax deductions, and payments made within the month. Filing SPT Masa 1721 ensures compliance with Indonesia’s payroll tax regulations.
NPWP (Nomor Pokok Wajib Pajak) is Indonesia’s official Tax Identification Number issued by the Directorate General of Taxes. It is required for individuals and businesses to report and pay taxes. Possessing an NPWP ensures proper tax compliance and access to various financial and legal services in Indonesia.
BPJS Ketenagakerjaan (Badan Penyelenggara Jaminan Sosial Ketenagakerjaan) is Indonesia’s social security program focused on worker protection. It provides benefits covering workplace accidents, old-age savings, pensions, and death compensation. Employers and employees share contributions to ensure long-term financial security for workers.
BPJS Kesehatan (Badan Penyelenggara Jaminan Sosial Kesehatan) is Indonesia’s public health insurance program. It ensures that citizens and employees have access to essential medical services at low or no cost. Both employers and workers contribute monthly premiums to maintain coverage.
Year-End Tax Forms are official documents issued by employers to report an employee’s total income, taxes withheld, and benefits for the year. Examples include W-2 in the U.S. or T4 in Canada, and they are essential for filing accurate tax returns and maintaining compliance.
Workforce Mobility refers to the ability of employees to move freely between roles, locations, or countries within an organization. It includes international assignments, remote work, and transfers, helping companies deploy talent strategically while promoting career growth and operational flexibility.
Wages refer to the monetary compensation paid to employees for the work they perform, typically based on hourly rates or units produced. They form the core of employee income and may include overtime, bonuses, or other earnings as defined by employment laws and company policies.
A Void Check is a check marked “VOID” so it can’t be used for payment but still displays important banking details like account and routing numbers. Employers or service providers often request it to set up direct deposits, automatic payments, or electronic fund transfers securely.
A Visual Meeting is a collaborative session conducted through video conferencing platforms where participants communicate using visuals like slides, whiteboards, and screen sharing. It improves understanding, engagement, and teamwork, especially in remote or hybrid work environments.
Visa Consultation is a professional service that helps individuals and businesses understand visa requirements and application procedures. Consultants offer advice on eligibility, document preparation, and compliance to ensure a smooth and successful visa approval process.
Umbrella Companies act as intermediaries between contractors and end clients, managing payroll, tax deductions, and employment benefits. Contractors become employees of the umbrella company, which ensures legal compliance while allowing flexible, project-based work.
TUPE Regulations (Transfer of Undertakings Protection of Employment) are UK laws that safeguard employees when a business changes ownership or outsourcing occurs. They ensure that staff retain their existing employment terms, rights, and continuity under the new employer.
Total Rewards refer to the complete package of monetary and non-monetary benefits an employee receives from their employer. This includes salary, bonuses, health benefits, retirement plans, recognition programs, and professional development opportunities designed to motivate and retain employees.
Time to Hire is a recruitment metric that tracks how long it takes from opening a job position to a candidate accepting the offer. It helps organizations evaluate the effectiveness of their hiring process, identify bottlenecks, and improve overall recruitment speed.
A Termination Letter is an official document issued by an employer to inform an employee that their employment is being ended. It typically includes the termination date, reason for dismissal, details on final pay, and information about benefits or return of company property.
The TD1 form, also known as the Personal Tax Credits Return, is used in Canada to calculate the amount of federal and provincial income tax to withhold from an employee’s earnings. It helps employers apply the correct tax deductions based on the employee’s personal credits and circumstances.
Tax Compliance refers to adhering to all tax regulations set by local, state, or national authorities. It involves correctly reporting income, maintaining records, filing returns, and making timely payments to avoid penalties, audits, or legal consequences.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global system that facilitates secure and standardized communication for international financial transactions. It assigns unique SWIFT codes to banks, ensuring accurate and efficient cross-border payments worldwide.