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www.pwc.com/id Preserving loyalty and trustPwC Indonesia - to deliver value PwC IndonesiaPlaza 89Jl. H.R. Rasuna Said Kav. X-7 No.6Jakarta 12940 - INDONESIAP.O. Box 2473 JKP 10001Telp: +62 21 5212901Fax: +62 21 5290 5555/5290 5050PwC Indonesia is comprised of KAP Tanudiredja, Wibisana, Rintis & Rekan, PT Prima Wahana Caraka,PT PricewaterhouseCoopers Indonesia Advisory and PT PricewaterhouseCoopers Consulting Indonesia, each ofwhich is a separate legal entity and all of which together constitute the Indonesian member firm of the PwC globalnetwork, which is collectively referred to as PwC Indonesia
ii PwC Indonesia | Preserving loyalty and trust - to deliver value Contents 2 About us 4 Our services 11 Industry focus 12 Our clients 13 Our people 15 PwC Corporate Responsibility PwC Indonesia | Preserving loyalty and trust - to deliver value 1 Create value, build trust About us We help our clients find business solutions by combining a global mindset with the expert talents of our people. We provide industry-focused assurance, tax, advisory and consulting services for public and private clients
Operations in Indonesia We use our network, experience and business understanding to build trust PwC Indonesia (‘PwC’ or ‘we’) and create value for our clients
comprises over 1,600 employees, including over 50 partners and technical advisors. Today, the services offered by PwC are adding value in virtually every industry and profession ”Very pleased to work in every region of the country. PwC (www.pwc.com) with the PwC team as our business partner for the provides industry– We have played an integral part in long term. Keep up the the growth and progress of Indonesia focused assurance, great work and continue for the past 42 years having worked tax , advisory with our clients to help them succeed to work hard to maintain through both buoyant and challenging and consulting our relationship.” economic environments. services to build From PwC Indonesia’s public trust and Today we continue to work with large Client Satisfaction Survey multinationals, public sector entities enhance value for and Indonesian companies, providing its clients and their solutions to complex business issues
Our services are rendered through separate legal entities focusing on different aspects of the service offerings we provide, each of which draw on the collective resources and experience of PwC firms, both here and worldwide
2 PwC Indonesia | Preserving loyalty and trust - to deliver value more than195,000people in157countries across ournetwork share theirthinking, experience,and solutions to developfresh perspectives andpractical advice. PwC network structure The PwC global network is structured as a network of PwC Indonesia is part of a global member firms, operating locally in countries around the network of firms and works closely world. It is this network that provides PwC firms with the flexibility to share knowledge, skills and resources with with the PwC East Cluster. The PwC speed and consistency – to the ultimate benefit of our East Cluster comprises 21 territories clients
and almost 37,000 people, over In most parts of the world, the right to practice accountancy 1,700 of whom are partners, is granted only to nationally-based firms employing qualified professionals. Consequently, PwC member enabling us to better share, collaborate firms are locally owned and managed in each country, and make strategic investments but form an international team, thereby enabling a deep with our regional colleagues, while understanding of local markets and simultaneously improving our competitive ability to providing global insight
service global clients
PwC Indonesia | Preserving loyalty and trust - to deliver value 3 Building trust and enhancing Our services stakeholder value The industry-focused services provided to public and private clients bring value to business through sharing quality solutions
Our multi-disciplinary approach allows us to provide services beyond the audit and taxation lines we are known for. We take pride in delivering value-added services by helping our clients improve transparency, governance accountability, and financial performance and return
”PwC resources deliver the required expertise to deliver the assessment, keep updated on the latest regulations, and maintain a high calibre in all levels.” From PwC Indonesia’s Client Satisfaction Survey4 PwC Indonesia | Preserving loyalty and trust - to deliver value Financial statements audit Capital market services • Regulatory compliance & Leverage deep knowledge ofAudit and • reporting IFRS reporting both the Indonesian and global exchanges and regulatoryAssurance processes to provide assistance inServices Internal audit services addressing new challenges of the Independent, objective consulting current economic environment
Improve corporate reporting activity designed to add value • Reporting on financial trackand provide assurance and improve the organisation’s records in prospectusthat systems are operating operation • Reporting on pro forma,effectively within a business • Internal audit strategy/ forecast and projectionsenvironment. transformation/training • Comfort letters on prospectus • Internal Control Review/ disclosuresProvide assurance over Co-sourcingthe quality of financial • Compliance review Independent controls &information. systems process assurance Accounting advisory • Internal control optimisation Navigating the changing landscape • Third-party assurance and ”PwC delivered a flawless of financial reporting compliance with regulatory communication and • IFRS convergence requirements (e.g., BOT, SEC) • Managing accounting changes • ERP assurance, pre-and discussion on the audit • Accounting advice and post-implementation system process and approach. reviewing support relating to events and Potential issues were transactions • Data management systems discussed to seek • Training in financial reporting audit (e.g., data quality review solutions.” and computer-assisted audit techniques) • Internal controls ”Extremely professional
• Compliance We continue to learn a • SmartClose lot about the changing accounting world.” From PwC Indonesia’s Client Satisfaction Survey PwC Indonesia | Preserving loyalty and trust - to deliver value 5 Corporate tax Mergers and International • Tax structuring & acquisitions (M&A) assignments planning • Investment structuring • Monthly & annual tax Tax Services • Monthly & annual compliance • Tax due diligence compliance • M&A transactions • Tax registration/ • Tax diagnostic review • Post-transaction tax de-registration • Rulings integration (expatriates) Optimise tax efficiency • General queries & tax and contribute to overall International tax VAT audit corporate strategy through • Tax planning • Tax structuring & the formulation of effective • Tax advisory planning Customs tax strategies and innovative • Permanent • Rulings • Valuation & tax planning. Establishment classification exposure Tax disputes • Post clearance audit • Tax Treaty application • Trade issues • Tax audit, objection & appeal • Customs disputes ”When I asked PwC to Transfer pricing (TP) • Supreme Court • Customs planning give us a solution for our • TP documentation proceedings tax problem concerning • Risk assessment & • Tax audit post-merger Investment and defense VAT, PwC gave us a • TP planning corporate practical solution services applicable to our needs.” • Investment: PMA establishment & From PwC Indonesia’s compliance Client Satisfaction Survey • Payroll services • Liquidation • Corporate secretary Awards Indonesian Tax Firm of the year - 2010 Indonesian Tax Dispute Firm of the year - 2010 Corporate Tax Advisory Firm of the year - 20126 PwC Indonesia | Preserving loyalty and trust - to deliver value Advisory Services Maximisation of transaction benefits such as:Implement an integratedsuite of solutions covering Business Recovery Services Deal Strategydeals and transaction • Corporate Restructuring • Growth Strategysupport, performance • Debt Restructuring and • Market Entry Strategyimprovement, internal Refinancing • M&A Strategyaudit and forensic services. • Distressed M&A • Commercial Due Diligence • Business Turn Around • Feasibility Study • Optimized Exit • Target Search & Screen • Strategic Alliances Capital Project & Infrastructure • Business Plan Development • Risk Management & Deal • Pricing Strategy Complexity • Customer Analysis ”PwC sets the • Regulatory Requirements standard in the • Financing Structures Delivering Deal Value audit and consulting • Cash Conversion and Extraction • M&A Integration industry. With a • Long Term Sustainability • Divestiture and Separation dynamic team and (including Vendor Assistance and Corporate Finance TSA Management) good leadership, PwC • Operational Due Diligence • Corporate Restructuring successfully built • Debt Restructuring and • Taking Control up global empire Refinancing • Joint Venture and Strategic to meet the world’s • Distressed M&A Alliances ever challenging • Business Turn Around demands.” • Optimized Exit Transaction Services • Financial and Tax Due Diligence From PwC Indonesia’s Corporate Value Advisory • Review Sales and Purchase Client Satisfaction Survey • Valuation of Business and Shares Agreements • Transaction Negotiation • Transaction Structuring • Shareholder Value Management • Accounting Valuation • Tax Valuation PwC Indonesia | Preserving loyalty and trust - to deliver value 7 Management Consulting Technology • Finance Function Effectiveness • Technology Strategy • Operations, Supply Chain and Procurement • Enterprise Business Consulting • People and Organisation Applications Services • Sustainability and Climate Change • IT Infrastructure & • Program and Portfolio Management Information Management • Customer Relationship Management • Cyber & Security Strategy • Digital & Emerging At PwC Consulting, we Technology help organisation to work Risk Consulting • IT Delivery Optimization smarter and grow faster. • Risk and Governance • IT Portfolio & Program We consult with our • Forensics Management clients to build effective • Data Analytics organisation, innovate & Strategy Consulting grow, reduce costs, manage • Strategy risk & regulations and leverage talent. Our aim is to support you in designing, managing and executing lasting beneficial change
8 PwC Indonesia | Preserving loyalty and trust - to deliver value Japan Business services China Business Desk • Considered as the leading firm in • We have a team of Mandarin Indonesia for Japanese Business speaking professionals in all majorOther in terms of number of clients and lines of services, who are fullyServices • business volume Strong dedicated team of Japanese committed to serving Chinese companies operating in Indonesia
expatriates. This team is part of • A wealth of experience in dealing the Global PwC Japanese Business with the typical issues faced by Network that operates in more Chinese companies doing business than 80 countries. in Indonesia, encompassing the • The most active firm in Japanese business establishment, tax, due Business in Indonesia, conducting diligence, regulatory compliance, various seminars and training financial reporting and auditing
events as well as issuing • Our well-established connections publications in Japanese with PwC offices in China, Hong”The PwC team delivered • Works closely with Japanese Kong and Taiwan, enables ourservice beyond our Institutions, including the clients to access markets andexpectations. Japanese Embassy, JICA, JETRO professional expertise in thoseExtremely satisfied!” and JJC. locations as and when they are needed
From PwC Indonesia’s Korea Business servicesClient Satisfaction Survey • First accounting firm to have a dedicated team for Korean businesses operating in Indonesia, advising on how to set up a business, compliance with regulations and reporting requirements, and assisting in the unique business and market environment in Indonesia
• Works closely with Korean professional associations, including KOTRA, the Korean Embassy, KAFA (Injaemo), KTA (trading industry), KERA (energy industry) and KFA (financial institutes)
PwC Indonesia | Preserving loyalty and trust - to deliver value 9 Entrepreneurial and Private Clients (EPC) • PwC Entrepreneurial and Private Client Services (EPC) is a team of business advisors dedicated to helping entrepreneurs, owner-managed and family Other business leaders resolve day-to-day business issues, create value and achieve Services long-term success
• Our EPC team offers the perspective of a third party with professional insights, tax and other business advisory and accounting expertise. This includes tax planning and structuring, financial assurance, business funding & structuring, personal estate planning & wealth management, succession planning, compliance, deals, strategy and operations improvement
”I have always found • We provide all the practical and commercial assistance you need, delivered PwC people easily in a way that is relevant and appropriate for your business and your family
accessible for issues, We have built our success on developing trusted advisor relationships and even on weekends. delivering solutions and ideas tailored to the needs of our clients
• Our EPC team is an integrated part of PwC EPC East Cluster team operating Their transfer of skills in the Asia-Pacific region
and knowledge is good and they listen to our Capital Markets and Accounting Advisory Services position.” (CMAAS) • Reporting accountants on initial public offerings (IPOs) (please see page 5 From PwC Indonesia’s on capital market services) Client Satisfaction Survey • IPO advisory including, but not limited to, project management and strategy, issue resolution, technical accounting advisory and post-listing services • Accounting policy review and development • Carve-outs and special purpose financial statements for IPOs and other capital-raising activities • GAAP conversion • Acquisition accounting and reporting (e.g., purchase price allocation, intangible assets and income taxes) • Accounting rectification and restatement • Chart of accounts development • Accounting policy manual • Technical training and other knowledge-transfer assistance • Finance transformation and reporting improvement10 PwC Indonesia | Preserving loyalty and trust - to deliver value Our Core Profile
Ii PwC Indonesia Preserving loyalty and trust - to deliver value PwC Indonesia Plaza 89 Jl. H.R. Rasuna Said Kav. X-7 No.6 Jakarta 12940 - INDONESIA P.O. Box 2473 JKP 10001 Telp: +62 …
Underlying the commitment will be the creation of the PwC Trust Leadership Institute, which aims to equip more than 10,000 business leaders with the skills to help build trust around the challenges and realities of the future. It’s designed for the C-suite, executives and board members.
At PwC, we define Corporate Responsibility (CR) as our commitment to playing a leading role in achieving a sustainable future: we take responsibility for our actions and promote responsible business practice; support the growth and development of our people and communities; and seek to minimise our impact on the environment.
On 28 April 2020, Indonesia deposited its instrument of ratification for the Multilateral Instrument (MLI), which entered into force on 1 August 2020. In this ratified document, 47 tax treaties with Indonesia are to be covered by the Convention.
Gains and losses arising from currency fluctuations are generally recognised on an accrual basis in accordance with the prevailing Indonesian Accounting Standards, which resemble International Accounting Standards in most respects. Certain income of a controlled foreign company (CFC) is subject to deemed dividend rules in Indonesia.