Investment Reform (Part 2): Investment Facilities and Investment Controls
Import-duty exemption facility was previously regulated under Head of BKPM Regulation No. 16 of 2015 on Guidelines and Procedures for Investment Facility Services, and no significant changes have been made in terms of the procedures which have to be followed in order to obtain this facility.
Provisions on Import Recommendations for Horticultural Products Reregulated
In a bid to boost efficiency as regards the management of the importation of horticultural products, as well as to ensure certainty as regards the issuance of recommendations for imports of horticultural products and also to encourage the domestic production of horticultural products, the Ministry of Agriculture has issued Regulation No. 38/PERMENTAN/HR.060/11/2017 on Import Recommendations for Horticultural Products.
Ketentuan Rekomendasi Impor Produk Hortikultura Diatur Ulang
New Regulation on Preferential Income-Tax Treatment for Foreigners and Indonesians Under International Agreements
Due to the introduction of new cooperation agreements with several new international organizations, the Ministry of Finance has renewed various provisions on income-tax treatment through the issuance of Regulation No. 202/PMK.010/2017 on the Implementation of Income-Tax Treatment Based on International-Agreement Provisions.
Peraturan Baru tentang Perlakuan PPH Khusus untuk WNI dan WNA Berdasarkan Perjanjian Internasional
BPOM Introduces New Type of SKI for Importation of Food and Drugs
With the ultimate objective of increasing the supervision of the distribution of food and drugs, the National Agency for Drug and Food Control (Badan Pengawas Obat dan Makanan - “BPOM”) has introduced new types of import certificates through the issuance of Regulation No. 30 of 2017 on the Supervision of Imports of Drugs and Foods into Indonesian Territory.
BPOM Perkenalkan Jenis SKI Baru untuk Impor Obat dan Makanan
Integrated Licensing Facility for the Operational Affairs of Commercial Banks
Bank Indonesia has issued Regulation No. 19/13/PBI/2017 on One-Stop Services at Bank Indonesia for the Operational Affairs of Commercial Banks. In essence, Regulation 19/2017 introduces an integrated-service facility established by BI for the provision of licenses which relate to operational affairs between commercial banks and BI.
Pelayanan Perizinan Terintegrasi Untuk Hubungan Operasional Bank Umum
Tax Treatment for Gross-Split Production Sharing Contracts Finally Regulated
After almost a year after it was originally enforced, the government has finally set an applicable tax treatment for Gross-Split Production Sharing Contracts (GS-PSC) through the issuance of Government Regulation No. 53 of 2017 on Tax Treatment for Upstream Oil-and-Gas Business Activity through Gross-Split Production Sharing Contracts .
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