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’…
Last year, the government ratified the Convention Abolishing the Requirement of Legalisation for Foreign Public Documents (the Convention)*, and as a follow-up, the government has recently issued New Regulations** regarding…
On 14 April 2022, the Minister for Energy and Mineral Resources of the Republic of Indonesia (the Minister) issued a New Decree* that applies to certain mining companies. The New…
The Indonesian government has issued Presidential Regulation 55 (PR 55)* that regulates the delegation of authority to grant certain business licenses in the mineral and coal mining sector as an…
The Indonesian government has just enacted the law on the nation's capital city (the “Law”)*. Based on the Law, the current capital of Indonesia, Jakarta, located on the island of…
Bank Indonesia has launched a new system of fast and safe digital payments for retail customers.* Bank Indonesia calls this payment system, Fast Payment, or BI-Fast. Customers will be able…
The Minister for Energy and Mineral Resources has recently overhauled the system of compensation and fines for companies carrying out coal mining. The new system provides compensation for companies who…
Indonesia has a lot of commercial land, the use of which hasn’t been decided. This land is the object of speculation, which drives up the price across the board. To…