Sunnyvale, CA (PressExposure) May 28, 2013 -- Indonesia has introduced a new value added tax (VAT) process in order to help the tax authorities enhance control over the validity of VAT invoices, says Nair & Co., which provides international tax consulting for companies expanding overseas. The new provision effective from April 1, 2013 ensures any VAT applicable (VAT-able) company to have a pre-approved "code and serial number," "activation code and password," before submitting VAT invoices.
The VAT-able company in order to acquire these specified codes needs to submit the following two request letters:
- A form for acquiring the "code and serial number" and
- Another form for acquiring the "activation code and password".
The "Code and serial number" and "activation code and password" would be unique for each VAT invoice, i.e. these numbers cannot be "re-used" (VAT invoices which have the same serial number would be considered invalid). Subscribe to regular Global Tax Compliance alerts from Nair & Co. For more information about our international expansion services or to know more about our international tax consulting team please contact us. International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational operations or who would like to have country specific business information. Please visit us at [https://ibg.nair-co.com]
About Nair & Co.
Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at http://www.nair-co.com
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