The Government has recently implemented new legislation that impacts on those carrying out mining services businesses (New Regulations).* The New Regulations specify that those with both a normal mining business…
The development of information and communication technology has resulted in an increase in electronic transactions in Indonesia. In response to this trend, the Indonesian government has broadened the scope of…
In late April, the Ministry for Law and Human Rights issued new regulations relating to limited liability companies (the Regulations).* The Regulations revoke the previous regulations on the topic.** The…
On 31 May 2021, the Indonesia Competition Commission (ICC) enacted new competition law regulations relating to the calculation and payment of fines and bank guarantees for the breach of competition…
A new risk-based licencing system for businesses in certain sectors was introduced through regulation GR 5/2021*, which also revokes the previous regulation on the topic.** This system has introduced different…
In June 2021, Bank Indonesia issued new regulations* introducing a new system to monitor foreign exchange transactions against the rupiah (the Sismontavar System). This Sismontavar System monitors, in real time,…
The Minister for Agrarian Affairs and Spatial Planning has issued Regulation 17,* which sets out the procedures by which the Government may declare a plot of land “destroyed” and consequently,…
On 2 February, the Government introduced new competition law regulations (the Regulations*) – in accordance with the Job Creation Law.** The Regulations amend two important areas of the Antimonopoly Law***;…
The Indonesian government has announced its plans to adjust income tax rates to stimulate economic recovery. In 2022 there will be two adjustments. The first will be a 2% reduction…
The Minister for State-Owned Enterprises has recently issued new Regulations* which expand the ways in which state-owned enterprises may fulfill their social and environmental responsibility obligations. The new Regulations allow…