Friday, August 19, 2016
The government’s efforts to improve intellectual-property protection, as well as stimulate the country’s creative industries, continue apace. This time around, the laudable goal is being manifested through the creation of a whole new legal framework on industrial design, which will repeal and replace the currently obsolete Law No. 31 of 2000 on Industrial Design.
Friday, August 12, 2016
In a bid to realize a more conducive environment for innovation within Indonesia, the House of Representatives (House) finally passed the Bill on Patents on 28 July 2016. The Bill sets out a new framework for the implementation and protection of patent rights in Indonesia, an area which was previously regulated under Law No. 14 of 2001 on Patent Law.
Friday, August 05, 2016
In a bid to provide more resources for taxpayers who are attempting to understand the current tax amnesty, this edition of ILD will discuss the implementation of the tax amnesty and will take a technical approach in accordance with the newly-issued regulations listed above.
Wednesday, August 24, 2016
Through BI Regulation No. 18/10/PBI/2016 (2016 Regulation), BI intends to improve transparency and information availability for foreign exchange and customer traffic (LLD) activities, an area which was previously regulated under BI Regulation No. 13/21/PBI/2011. Under the new 2016 Regulation, customers are required to provide additional supporting documents in accordance with the amount of any transaction that they undertake. This is a new requirement which was previously not regulated
Tuesday, August 23, 2016
The government has finally set the amounts of production bonuses which are payable by geothermal businesses to regional governments through the issuance of Government Regulation No. 28 of 2016 on Amounts and Procedures for the Deposit of Geothermal Production Bonuses. This regulation also defines the procedure for the payment of production bonuses by geothermal businesses, as well as the eligibility of geothermal businesses for reimbursable by central government.
Monday, August 22, 2016
The 2016 Regulation introduces a holistic arrangement for pawnbroker businesses which have previously never been supervised or otherwise regulated, despite having existed in the country since the Dutch colonial era.
Friday, July 29, 2016
Surprising news emerged from the Presidential Palace just before the end of July 2016 in the form of President Joko Widodo announcing his second cabinet reshuffle. Introducing his new cabinet, the President contended that he was aiming to inject some fresh energy into the government, as well as accelerate economic growth through a new influx of investment into the country.
Thursday, June 30, 2016
Earlier this month the government took the big step of officially revoking over 3,000 regional regulations which were considered to be inefficient and hampering investment. Most of the regulations revoked related to provisions on regional taxes and levies, mining, nuisance permits, irrigation, the management of regionally owned assets, etc.
Tuesday, May 31, 2016
In order to keep our subscribers abreast of all of the recent legal developments in Indonesia, this edition of Monthly Law Review covers 59 regulations which we have classified into General Corporate, Energy and Natural Resources, Trade, Taxation, Financial Services, Manufacturing and Industry, Consumer Goods, and Telecommunications and Media, Litigation, as well as a number of other sectors which we have grouped under the Miscellaneous banner.