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…
In 2011, the governments of Indonesia and China signed the Bilateral Economic and Trade Cooperation treaty (the Treaty). As a result, both countries have become major exporters/importers of each other’s…
The Indonesian government recently introduced new regulations to establish a Land Bank (the Regulations). The Regulations also provide the legal framework within which the Land Bank must operate. The Land…
The Omnibus law* changes Indonesia's environmental legal framework with comprehensive provisions on environmental protection and management. To implement those provisions, the Indonesian government has just issued new Regulation 22**. One…