Draft Bill on Broadcasting
The government and the House are currently engaged in deliberations of the Draft Bill on Broadcasting, which will ultimately replace Law No. 32 of 2002 on Broadcasting. The Draft Bill contains five new provisions which address the following areas: (1) Migration to digital technology; (2) Special broadcasting institutions; (3) Stricter investment procedures; (4) SPS as the new broadcasting standard; and (5) Enhancement of the KPI.
Draft Bill on Palm Oil
One of the most controversial draft bills in Indonesian legislative history has been incorporated into the 2017 national prioritized-legislation program. Indeed, the Draft Bill on Palm Oil has now come to the attention of the general public, particularly environmental activists who argue that the bill focuses solely upon bolstering the investment climate within the palm-oil sector to the detriment of environmental protection. This edition of ILD will analyze the draft bill and elaborate upon its key provisions.
Draft Bill on BUMN
As primary powerhouses of the Indonesian economy, the country’s various State-Owned Enterprises (BUMN) not only have a vital role to play in the production of critical goods and services, but also act as pioneers for business sectors which have yet to be fully engaged with by the private sector. The current legal framework for Indonesia’s BUMN, specifically Law No. 19 of 2003 on State-Owned Enterprises, has now been deemed obsolete however. As a result, the House of Representatives is currently deliberating a new Draft Bill on State-Owned Enterprises, which will update various BUMN-related issues.
Scrutinizing Taxation Data & Information – Part 2: Disclosure of Information at the Domestic Level
Moving on to the second half of this two-parter, this edition of ILD will discuss the applicable legal frameworks which relate to access to financial information for domestic tax-enforcement purposes. These legal frameworks are based upon Perppu 1/2017 and Ministry Regulation 70/2017, as well as the currently still-under-deliberation Draft Bill on General Provisions and Procedures for Taxation.
Happy Holidays: Travelling to and from Indonesia
The Islamic holiday of Eid al-Fitr is just around the corner and this occasion is often used by many as an opportunity to travel abroad, either for holiday purposes or to visit family. This edition of ILD aims to offer a little insight into various areas which must be taken into account before flying overseas. Our discussion will be structured around a theoretical flight timeline, specifically pre-departure, in flight and returning to Indonesian territory. And finally, may we take this opportunity to wish you a wonderful holiday!
Scrutinizing Taxation Data & Information – Part 1: Exchanges of Information at the International Level
Realizing that there’s a possibility of large amounts of revenue being generated, the government has been continuously striving to improve and modernize the country’s tax sector. After winding up the tax-amnesty program, the government has now comes up with various strategies designed to ensure better compliance in this sector. One of these strategies involves providing better access to tax data and information which relates to both individuals and corporations. This can be achieved through the implementation of both domestic and international approaches. This edition of Indonesian Law Digest will focus its discussion upon the collection of tax-related information through an international approach based on various international treaties which address the exchange of information.
Licensing Policy for Minerals and Coal Business Activities Simplified
In May 2017, the Ministry of Energy and Mineral Resources created a milestone within the minerals and coal sector by issuing Regulation No. 34 of 2017 on the Licensing of Minerals and Coal. In essence, this regulation simplifies a number of provisions which deal with licensing within the minerals and coal sector and which were formerly addressed under several different regulations. By issuing this regulation, the government is hoping that the investment climate within the sector will immediately show marked signs of improvement.
Prevention of Terrorism Funding by Financial-Service Providers
“Prevention is better than a cure.” So the old adage goes, and this applies equally to the issue of blocking terrorism financing, as opposed to attempting to capture and prosecute terrorists after appalling acts have already been carried out. This edition of ILD will analyze Indonesia’s regulatory framework as regards the prevention of terrorism financing within the financial-service sector, including current trends and issues which relate to the thorny problem of terrorism financing that we believe it is vital to pay attention to.
Indonesia: Towards an Anti-Bribery Era
This edition of ILD aims to offer a little insight into various domestic and international legal frameworks which address the thorny issue of bribery, and also offers a brief discussion as to why any companies operating within Indonesia should also be aware of and comply with the USA’s Foreign Corrupt Practices Act and the UK’s Bribery Act, as two of the world’s leading anti-bribery frameworks.
Licensing Policy for Upstream and Downstream Oil-and-Gas Business Activities Simplified
In April 2017, the Ministry of Energy and Mineral Resources was responsible for a milestone within the industrial oil-and-gas sector by issuing Regulation No. 29 of 2017 on the Licensing of Oil-and-Gas Business Activities. This regulation basically simplifies a number of provisions which address licensing within the oil-and-gas sector and which were formerly addressed under several different regulations. By issuing this regulation, the government is hoping that the investment climate within the oil-and-gas sector will soon show signs of improvement.