To strengthen Indonesia’s financial sector, the Indonesian Government established the Bank Restructuring Programme (the Programme). The Programme aims to enhance the stability and efficiency of Indonesia’s banking sector through strategic…
The government has recently issued new Regulations regulating mining areas (the Regulations).* The Regulations set out a regulatory framework as well as clear obligations for those wishing to apply for…
The Minister for Energy and Mineral Resources has introduced new regulations to facilitate industries' efficient use of natural gas. The Regulations* remove the maximum gas price cap, specify the price…
The Indonesian Financial Services Authority (the "OJK") has recently introduced Regulation 3/2023* (the "Regulation"), which came into force on 28 February 2023. The Regulation seeks to address the growing need…
The Business Competition Supervisory Commission has recently introduced* new notification requirements for businesses. In addition to the current regime, the new regulations require that businesses must notify the Commission if,…
The Minister of Finance has issued new regulations* to create a framework allowing public companies, that are domestic corporate tax payers, to submit a request for the reduction of income…
The Minister of Finance has introduced new Regulations* that impose VAT of 10% on the transfer of collateral by a creditor to the purchaser of the collateral. The Regulations provide…
The Indonesian Government has recently issued new regulations devolving the taxation of electricity to regional government (the Regulations).* The Regulations set out the details that may be covered in regional…
On 2 March 2023, the Indonesian Financial Services Authority (the Authority) issued a new circular letter* (Circular Letter), applicable to issuers or public companies, that sets out new procedures for…
The Indonesian Financial Services Authority (OJK) has issued a new circular letter, Number 6/SEOJK.03/2023* which took effect on 21 February 2023, allowing conventional commercial banks to convert to Sharia commercial…