Friday, September 09, 2016
Issue Number: 470
Since the official implementation of the Tax-Amnesty program last July, which mandates that certain assets should be repatriated to Indonesia, the government is pushing forward with a number of initiatives relating to the channeling of future investments. One alternative open to any new investors is the option to establish businesses in special economic zones (Kawasan Ekonomi Khusus â€“ â€œKEKâ€). In order to accommodate this initiative, the Minister of Finance has issued Regulation No. 104/PMK.010/2016 on Tax, Customs and Excise Treatments in Special Economic Zones (â€œ2016 Regulationâ€). In essence, this regulation set out further details relating to the various tax, custom and excise facilities, as well as various breaks which can be enjoyed by any companies or businesses which are engaging in commercial activities within KEKs.
Friday, September 02, 2016
Issue Number: 469
Pawnbroker businesses are among some of the oldest in Indonesia, however, to date, no comprehensive regulation has ever been issued which addresses the pawnbroker industry directly. Now however, in a bid to prevent any illegal practices being engaged in by pawnbroker businesses and also to afford maximum consumer protection to the general public, the OJK has finally issued Regulation No. 31/POJK.05/2016 on Pawnbroker Businesses. In essence, this new regulation sets out several obligations for pawnbroker businesses relating to the securing of business licenses prior to the rendering of any service to the general public. Moreover, already existing pawnbroker businesses are now required to register themselves with the OJK in order to continue with their business activities.
Friday, August 26, 2016
Issue Number: 468
The Chief of the Supreme Court has just issued three new regulations in a bid to improve the performance of the countries court system, both internally and externally.
Friday, August 19, 2016
Issue Number: 467
The governmentâ€™s efforts to improve intellectual-property protection, as well as stimulate the countryâ€™s creative industries, continue apace. This time around, the laudable goal is being manifested through the creation of a whole new legal framework on industrial design, which will repeal and replace the currently obsolete Law No. 31 of 2000 on Industrial Design.
Friday, August 12, 2016
Issue Number: 466
In a bid to realize a more conducive environment for innovation within Indonesia, the House of Representatives (House) finally passed the Bill on Patents on 28 July 2016. The Bill sets out a new framework for the implementation and protection of patent rights in Indonesia, an area which was previously regulated under Law No. 14 of 2001 on Patent Law.
Friday, August 05, 2016
Issue Number: 465
In a bid to provide more resources for taxpayers who are attempting to understand the current tax amnesty, this edition of ILD will discuss the implementation of the tax amnesty and will take a technical approach in accordance with the newly-issued regulations listed above.
Friday, July 29, 2016
Issue Number: 464
This weekâ€™s Indonesian Law Digest (ILD) will be looking at issues specifically relating to the legitimate distribution and certification of vaccines according to Indonesiaâ€™s various laws and regulations.
Friday, July 22, 2016
Issue Number: 463
Recently, the Minister updated these guidelines through the issuance of Ministerial Regulation No. P.50/Menlhk/Setjen/Kum.1/6/2016, which also repeals and replaces the 2014 Guidelines. This update aims to incorporate the various changes made under the 105/2015 Government Regulation.
Friday, July 15, 2016
Issue Number: 462
One of the main factors underlying the failure of previous tax amnesties was undoubtedly a general lack of understanding regarding tax-amnesty regulations. With these regulations in mind, this edition of Indonesian Law Digest (ILD) will analyze the Tax Amnesty Law.
Friday, July 01, 2016
Issue Number: 461
this weekâ€™s edition of Indonesian Law Digest (ILD) will analyze and discuss issues relating to the various items that should be understood by passengers traveling on domestic scheduled flights.