NPWP is an Indonesian Tax Identification Number assigned to taxpayers.
Companies must obtain an NPWP to operate legally in Indonesia. It is crucial for opening bank accounts, obtaining business licenses, and fulfilling tax obligations. Failure to have an NPWP can result in legal and financial penalties, affecting daily operations and compliance.
Key Details:
- Issued by the Directorate General of Taxes.
- Mandatory for individuals and businesses.
- Used for tax reporting and compliance.
- Essential for various financial transactions.
- Unique and non-transferable.
