Friday, September 22, 2017
Seaports represent perhaps Indonesia’s most vital trading backbone and are operated by port authorities and port operation units, both of which we will be referring to as Port Operators in this edition of ILD. However, the operation of ports may be transferred to other parties, i.e., so-called Port Companies, through concessions or through other cooperation schemes which may be available. As with any other Indonesian business framework, port businesses are required to be in possession of valid business licenses and thus all port players should secure the relevant licenses from the relevant authorities prior to commencing any port activities.
Friday, September 15, 2017
An important economic milestone in many eyes and destined to lead to financial disruption the world over, cryptocurrencies are now used for everything from investment to shopping to buying apartments to financing terrorist organizations. Cryptocurrencies offer many potential benefits but also pose considerable risk at the same time. This edition ILD will analyze and address a number of key issues relating to the world of cryptocurrency and will take a look at how this new phenomenon is playing out in Indonesia.
Friday, September 08, 2017
With the rising trend of sharia principles being applied across the economic and legal sectors, it is becoming increasingly important to understand the underlying basics of the various agreements and financial-service products which are based on sharia principles. This edition of ILD is merely a basic practical guide however and thus will only address the most common sharia economic products, specifically general agreements and financial services.
Tuesday, September 26, 2017
The Ministry of Finance has issued Regulation No. 122/PMK.04/2017 on Payment Postponements for Import- and Export-Duty Debt and/or Administrative Sanctions in the Form of Fines. Regulation 122/2017 sets out detailed procedures for individuals or incorporated entities who are looking to apply for postponements to their payments in regard to the following obligations: 1) Import- or export-duty debts, insufficient import- or export-duty payments and/or related fines; and 2) Outstanding payable import duty and/or related fines
Monday, September 25, 2017
The Head of the Indonesian Investment Coordinating Board has issued Regulation No. 9 of 2017 on Guidelines and Procedures for the Implementation of Investment-Climate Development Activities, which serve as an implementation of Article 16 (1) and (2) of Law No. 23 of 2014 on Regional Governments.
Friday, September 22, 2017
In order to push back the deadline for the mandatory registration of pre-paid telecommunications service customers, the Ministry of Communication and Information Technology has issued Regulation No. 14 of 2017, which amends Ministry Regulation No. 12 of 2016 on the Registration of Telecommunications Service Customers.
Thursday, August 31, 2017
This August, the government has introduced several noteworthy regulations. For example, in connection to growth within the e-commerce sector, the Ministry of Communication and Information has issued the Draft Regulation on the Provision of Application Services and/or Contents through the Internet. The Draft Regulation outlines several provisions which relate to so-called Over-the-Top registrations, as well as to the various obligations which have to be met when operating such services within Indonesia.
Monday, July 31, 2017
This month, President Joko Widodo put his signature to a controversial regulation aimed at attenuating the rising trend in anti-Pancasila oriented mass organizations, namely Government Regulation in Lieu of Law No. 2 of 2017 on the Amendment to Law No. 17 of 2013 on Mass Organizations (“Perppu 2/2017”). Perppu 2/2017 expands the government’s authority to dismantle mass organizations that espouse ideologies that run contradictory to the values enshrined under the official state ideology, Pancasila.
Friday, June 30, 2017
This month, the disclosure of financial information for tax purposes is in the spotlight once again as a result of the issuance of Ministry of Finance Regulation No. 73/PMK.03/2017 on the Amendment to Ministry Regulation No. 70/PMK.03/2017 on Technical Guidelines for Access to Financial Information for Taxation Purposes. This amendment has been issued owing to public concerns regarding the minimum threshold for financial-account disclosure.