Related Posts
The policy of taxing the Holiday Allowance (THR) for private employees often sparks public debate, especially ahead of Eid. A lecturer from the Department of Accounting at FEB UGM, Rijadh Djatu Winardi, Ph.D., explained that the taxation of THR is a natural consequence of Indonesia’s income tax system.
“Under the Income Tax Law, any additional economic benefit received by taxpayers is, in principle, subject to tax.
The Eid homecoming tradition (mudik) has long been recognised as a driver of the national economy.
Climate change and carbon emission reduction have become growing global concerns. Commitments from various countries to limit global temperature rise are driving companies to be more transparent in reporting the environmental impacts of their business activities.
The current financial accounting system still relies on double-entry bookkeeping (DEB) and follows the debit–credit rules. The DEB system is robust and is over 500 years old.
However, over time, issues related to trust and transparency in the DEB system have emerged.