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
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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
The government of Indonesia understands that the capital market plays a strategic role in the national development as one of the sources of funding for business and also as investment instruments for Indonesians. Accordingly, to increase capital market’s role, having a strong legal basis to ensure legal certainty of the parties conducting capital market activity…Read more
Background Business activities of non-bank foreign exchange is regulated under the Regulation of Bank of Indonesia No. 16/15/PBI/2014 on the Business Activities of Non-Bank Foreign Exchange (“PBI No. 16/2015”). The PBI No. 16/2015 was issued (i) by considering the business activity of foreign exchange as supporter of financial sector to support the achieving of stability…Read more
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