Business under the Draft Criminal Law Code: Part I - Corporate Criminal Acts
the RKUHP 2018 also introduces no less than 190 articles of criminal provisions which will ultimately change the way that interested parties conduct business in Indonesia. This includes matters relating to corporate crime, anti-trust, intellectual property rights, bankruptcy, the environment, insurance, electronic information and technology, the legal profession and other related areas.
National Import Reforms
The government through the Ministry of Trade has now already issued 18 out of 21 new regulations which were formulated in order to address the import-and-export sector. According to these new regulations, the government is hoping to reduce the bureaucratic obstacles to trade through the implementation of a post-border scheme.
Indonesian REITs
In order to boost the popularity of KIK – DIRE among investors, the government recently introduced two KIK – DIRE-related economic policy packages. The first of these packages, which was the current government’s fifth, exempted double-taxation on KIK – DIRE. Subsequently, the government's 11th economic policy package offered facilities relating to both income-tax and Acquisition of Land and Building Rights Duty Fees.
The Indonesian Single Electronic Window for Trading and Customs: INATRADE and INSW
Recognizing the desperate need to reform Indonesia’s licensing framework, around the turn of the millennium, the Indonesian Government set up various online licensing services in a bid to cut through the endless red tape, reduce licensing fees and provide adequate levels of data management and transparency for businesses.
Horticulture 101: Imports and Exports
The government has issued numerous regulations which address the area of horticulture, especially in regard to imports and exports. This edition of ILD will offer up an analysis of a number of policies which are relevant within the framework of horticultural import-and-export activities.
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.
Investment Reform (Part 1): Investment Licensing Procedures
In order to address this new investment regime, this edition of Indonesian Law Digest (ILD) has been divided up into two parts. The first part will examine the issue of investment licenses, including licenses for both representative and branch offices. Meanwhile, the second part will address provisions which relate to investment facilities and investment control.
Indonesia's Excise Legal Regime in a Nutshell
This edition of Indonesian Law Digest (ILD) will analyze the country’s excise legal regime, specifically its most important regulation, Law No. 11 of 1995 on Excise, as amended by Law No. 39 of 2007 (“Excise Law”). Our discussion will revolve around several matters, including: lists of excisable goods which are recognized in Indonesia, excise tariffs, how to settle excise for excisable goods, the various licenses which are required in order to operate businesses which relate to excisable goods and prohibitions under the Excise Law.
Indonesian Business: 2017's Regulatory Kaleidoscope
Throughout 2017, Hukumonline managed to summarize, analyze and highlight a total of 738 regulations as part of its daily Indonesia Legal Brief (ILB), weekly Indonesia Law Digest (ILD) and Monthly Law Review (MLR), which we have classified into Trade, Energy and Natural Resources, Financial Services, General Corporate, Tax, Manufacturing and Industry, Consumer and Retail, Telecommunication and Media, as well as a number of other sectors which we have grouped under the Miscellaneous banner.
New Legal Framework on Fintech
BI Regulation 19/2017 finally offers an official definition of Fintech under national legislation. The regulation defines Fintech as the utilization of technology within the financial system in order to create new products, services, technologies and/or business models, which may affect the stability of the monetary and financial systems, and/or the efficiency, safety and reliability of payment systems.