Govt. Relaxes Submission Period for Mandatory Reporting by Gateways
The Ministry of Finance has issued Regulation No. 141/PMK.08/2017 on Procedures for the Transfer of Taxpayer Assets to Indonesia and Their Placement within the Financial Market and External to the Financial Market under the Tax-Amnesty Framework in a bid to achieve compliance with the regulation simplification program and to relax the submission period for mandatory reporting by gateways.
Govt. Reamends Provisions on Imports of Specific Products
The Ministry of Trade has issued Regulation No. 81 of 2017, which is a second amendment to Ministry Regulation No. 87/M-DAG/PER/10/2015 on Import Provisions for Specific Products. Regulation 87/2015 has already been amended once previously through the issuance of Ministry Regulation No. 94/M-DAG/PER/10/2015.
Provisions on Income Tax for Revenues Generated through Land and/or Building Leases Renewed
In order to ensure legal certainty regarding the payment of income tax on revenues generated from the performance of Build-Operate-Transfer agreements, the Government has issued Regulation No. 34 of 2017 on Income Tax for Revenues Generated through Land and/or Building Leases .
Procedures for the Mandatory Reporting of Employment Reregulated
As an implementation of Article 9 of Law No. 7 of 1981 on the Mandatory Reporting of Employment by Companies, the Ministry of Employment has issued Regulation No. 18 of 2017 on Procedures for Mandatory Online Reporting of Employment by Companies .
Govt. Introduces New Housing Credit/Financing Scheme for Low-Income Citizens
In order to accelerate the accessibility of housing facilities for low-income citizens, the Ministry of Public Works and Public Housing has issued Regulation No. 18/PRT/M/2017 on Savings-Based Housing Financing Facilities.
Public Transportation Facilities and Infrastructure for Accessibility to Passengers with Special Needs
In order to implement a firm approach to enhancing accessibility to public transportation facilities for persons with special needs, the Ministry of Transportation has issued Regulation No. PM 98 of 2017 on the Provision of Accessibility to Public-Transportation Services for Consumers with Special Needs .
Environmental Economic Instruments are Finally Ready to be Implemented
As an implementation of Article 43 (4) and Article 55 (4) of Law No. No. 32 of 2009 on Environmental Protection and Management and as a realization of the commitment to implement the “polluter pays” principle under the environment law, the government has issued Regulation No. 46 of 2017 on Environmental Economic Instruments.
New Guidelines on the Organization of Advertisings in DKI Jakarta
The Governor of the Special Capital Region of Jakarta recently updated the rules for the organization of advertisements by issuing Regulation No. 148 of 2017 on Implementing Guidelines for the Organization of Advertisings.
Reporting of the Implementation of Good Corporate Governance by Guarantee Institutions
The Financial Service Authority has issued Circular No. 54/SEOJK.05/2017 on the Reporting of the Implementation of Good Corporate Governance by Guarantee Institutions, which is an implementation of Article 58 (6) of OJK Regulation No. 3/POJK.05/2017 on Good Corporate Governance by Guarantee Institutions.
Local Currency Settlements for Bilateral-Trade Transactions between Domestic Banks and Banks of Partnering Countries
In order to meet the goal of accommodating the settlement of bilateral-trade transactions using local currency for the purpose of maintaining the stability of the rupiah currency, Bank Indonesia has issued Regulation No. 19/11/PBI/2017 on the Settlement of Bilateral Trade Transactions through the Use of Local Currency (Local Currency Settlements) via Banks