Indonesia’s Financial Services Authority, in Indonesian, Otoritas Jasa Keuangan (OJK), has issued new regulations providing a regulatory framework for peer to peer, information technology based, funding services (the New Regulations).*…
In July 2022, the Board of Governors of Bank Indonesia issued new regulations on domestic non-deliverable forward (NDF) transactions (New Regulations).1 The New Regulations create a comprehensive framework, which govern…
The Indonesian Central Securities Depository has issued a circular relating to the registration of structured warrants (the Circular).* The purpose of the Circular is to aid in the implementation of…
The Minister for Finance has recently issued new regulations allowing Indonesian citizens to use their citizen identification number, in Indonesian, Nomor Induk Kependudukan, as their taxpayer identification number, in Indonesian,…
With the introduction of a recent law*, creative entrepreneurs will soon be able to use their intellectual property as collateral for loans with financial institutions. The Government has introduced this…
Recent changes to the law have broadened the definition of a limited liability company.* New changes include allowing individuals to incorporate a limited liability company as a micro or small…
In 2019, Indonesia’s Financial Services Authority reintroduced Credit Information Management Agencies, in Indonesian, Lembaga Pengelola Informasi Perkreditan (the Agencies). These Agencies collect and process credit data and other related data…
The Ministry for Finance has issued Regulation of the Minister for Finance No. 68/PMK.03/2022 introducing Value Added Tax and Income Tax on certain crypto asset trading transactions, which has been…
On 1 May 2022, the Minister for Finance’s new tax regulation took effect (the New Regulation).* The New Regulation applies to financial technology companies and impose income tax for peer-to-peer…
Indonesia’s Financial Services Authority, in Indonesian, Otoritas Jasa Keuangan, or the OJK has issued new authorisation procedures for those wishing to become providers of services to run electronic general shareholders’…