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…
The new capital of Indonesia, Nusantara, planned for East Kalimantan, on the island of Borneo, is scheduled to be completed by 2024. To aid in its completion, the government has…
Minister for Energy and Mineral Resources has issued new regulations relating to the obligation for certain domestic coal producers to allocate 25% of coal production for domestic use. The quota…
In order to boost domestic industry, the Minister of Industry of the Republic of Indonesia has introduced new regulations on industrial standardisation (the Regulations).* The Regulations allow the Minister to…