Friday, June 30, 2017
Issue Number: 512
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.
Thursday, June 22, 2017
Issue Number: 511
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!
Friday, June 16, 2017
Issue Number: 510
Realizing that thereâ€™s a possibility of large amounts of revenue being generated, the government has been continuously striving to improve and modernize the countryâ€™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.
Friday, June 09, 2017
Issue Number: 509
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.
Friday, June 02, 2017
Issue Number: 508
â€œPrevention is better than a cure.â€ 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 Indonesiaâ€™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.
Friday, May 26, 2017
Issue Number: 507
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 USAâ€™s Foreign Corrupt Practices Act and the UKâ€™s Bribery Act, as two of the worldâ€™s leading anti-bribery frameworks.
Friday, May 19, 2017
Issue Number: 506
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.
Friday, May 12, 2017
Issue Number: 505
What requirements have to be met in order to establish a hospital in Indonesia? Can pharmaceutical manufacturers and distributors become single companies under a single license? This edition of Indonesian Law Digest will address these and other questions, as it tackles the legal framework that covers Indonesiaâ€™s health industries and the anatomy of the countryâ€™s health sector.
Friday, May 05, 2017
Issue Number: 504
What types of fisheries businesses operate within Indonesia? Is the Indonesian fisheries sector open to foreign capital? How many layers of licenses are required before a business can commence operations? This edition of ILD will examine the basics of Indonesiaâ€™s fisheries sector and hopefully help you to negotiate any imminent business decisions.
Friday, April 28, 2017
Issue Number: 503
In response to the issuance of Law No. 9 of 2016 on the Prevention and Control of Financial-System Crises, the Financial Services Authority (OJK) has just issued three new regulations simultaneously, specifically (1) OJK Regulation No. 14/POJK.03/2017 on Recovery Planning for Systemically Important Banks; (2) OJK Regulation No. 15/POJK.03/2017 on the Stipulation and Follow-Up of Commercial-Bank Supervision; and finally (3) OJK Regulation No. 16/POJK.03/2017 on Intermediary Banks. The above three regulations have been introduced in a bid to ensure the stability of the Indonesian financial system by specifically regulating the supervision of commercial banks, mandatory recovery planning and also intermediary banks.