Juztalent ePayroll Launched in Indonesia
In recent events, we were thrilled to announce the successful release of Juztalent’s ePayroll in Indonesia. We were also delighted to hear that many clients have expressed satisfaction in our product.
With its fast-growing economy, rising affluence and large domestic market, Indonesia is a very attractive investment destination. The government has also been reviewing regulations and altering business laws to create a favorable business environment and a level playing field for foreign investors. However, frequent regulation changes may lead to complex payroll processing and error-ridden calculations.
With ePayroll’s intuitive and comprehensive interface, there are greater opportunities for a technology-driven payroll administration platform for local businesses and foreign investments in Indonesia. ePayroll is developed by an expert team of IT developers and software engineers in Juztalent’s Singapore headquarters. They are highly trained solution architects with a wealth of experience in designing HRIS, payroll systems, penetration testing and workforce analytics.
Staying compliant to payroll regulations in Indonesia can be daunting due to sheer amount of information to be acquired. Unless your company fully understands the legal regulations and specific procedures, it is advisable to hire a third party. For example, these are some policies to adhere to during payroll processing in Indonesia:
- Regional minimum wage that varies according to province, district and sector
• Social Security (BPJS Ketenagakerjaan)
• Health insurance (BPJS Kesehatan)
• Leave regulation and statutory absence
• Religious holiday allowance (THR)
• Monthly (PPh 25, PPh 21) and Annual (Corporate Income Tax, Individual Income Tax) Taxation
• Monthly (ND-7, ND-8) and Quarterly/Yearly (TT-11, (TT-11(1)) Tax Reporting
The ePayroll addresses all of these policies accurately and seamlessly. ePayroll has pre-built analytics and integration tools for businesses operating in Indonesia. Furthermore, it is also highly capable in data cleaning for analysis, as well as maintaining data validity and reliability. Company settings, detailed settings and rate settings are available to capture complete sets of data. Additionally, company reports such as BPJS, payroll and pay history are specified according to the country’s requirements. The ePayroll clearly displays business intelligence and statistics through informative charts and tabular formats.
On top of that, we too have in-country expertise in Indonesia legal regulations and labor laws. The domestic support, coupled with an efficient and error-free system, will help you steer free from costly legal hassles. Juztalent’s ePayroll is now available in Singapore, Indonesia and the Philippines. Should you have any enquiries, do not hesitate to contact us! We will get in touch with you in no time.