Indonesia has quite a lot of potential that can be utilized by foreign investor, such as abundant natural resources, a large amount of productive labor, large market potential and adequate infrastructure improvements to reach all regions of Indonesia. However, the level of investment in Indonesia is still low when compared to other countries in Southeast…Read more
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On 1 April 2020 the Investment Coordinating Board (BKPM) promulgated BKPM Regulation No. 1 of 2020 concerning Guidelines for the Implementation of Electronic Integrated Business Licensing Services (“Perka BKPM No. 1/2020“) as a follow up to Government Regulation No. 24 of 2018 concerning Electronic Integrated Business Licensing Services. This regulation is prepared as a guideline…Read more
Background The government of Indonesia has issued a new regulation named Presidential Regulation Number 44 of 2018 on Indonesia National Single Window. This regulation was promulgated effective from 31 May 2018 (“Perpres No. 44/2018”). Perpres No. 44/2018 revokes Presidential Regulation No. 10 of 2008 on Use of Electronic System on Indonesian National Single Window as…Read more
Background On 30 May 2018, the Capital Investment Coordinating Board issued Regulation of Capital Investment Coordinating Board No. 5 of 2018 on Details of Business and Production Types for Pioneering Industries That Can Be Granted the Corporate Income-Tax Deduction Facility as Well as Guidelines and Procedures for the Granting of Corporate Income-Tax Deductions regulated (“Perka…Read more
Background On 22 April 2016, Government of the Republic of Indonesia has Government Regulation Number 9 of 2016 on Amendment of Government Regulation Number 18 of 2015 on Income Tax Facilities on Capital Investment of Particular Business Fields and/or in Particular Regions (“GR No. 9/2016”). This GR No. 9/2016 was enacted in order to (a)…Read more
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