Govt. Sets Guidelines for the Implementation of Good Mining Techniques
In a bid to provide proper guidance relating to good mining techniques, as well as to implement Regulation of the Minister of Energy and Mineral Resources No. 26 of 2018 on the Implementation of Good Mining Principles and the Supervision of Minerals and Coal Mining, the Minister has issued Decree No. 1827 K/30/MEM/2018 on Guidelines for the Implementation of Good Mining Techniques.
Provisions on the Salvage of Vessel and Cargo Wreckage Re-Amended
In order to harmonize regulations which address the salvage and removal of the wreckage of vessels, the Minister of Transportation has issued Regulation No. PM 38 of 2018, which amends Regulation of the Minister No. PM 71 of 2013 on Salvage and/or Underwater Work for a second time.
New Regulation on the Indonesia National Single Window
With the ultimate goal of bolstering the Indonesian economy, as well as improving the transparency, organization, consistency, efficiency and acceleration of trade activities, the government has issued Regulation of the President No. 44 of 2018 on the Indonesia National Single Window.
Details of Business and Production Types for Pioneering Industries that Can Be Granted Income-Tax Deductions
The Investment Coordinating Board has issued Regulation No. 5 of 2018 on Details of Business and Production Types for Pioneering Industries That Can Be Granted the Corporate Income-Tax Deduction Facility as Well as Guidelines and Procedures for the Granting of Corporate Income-Tax Deductions, as an implementation of Regulation of the Minister of Finance No. 35/PMK.10/2018 on Corporate Income-Tax Deductions.
Licensing, Approvals and Reporting for Conventional and Sharia Insurance Companies via Electronic Means
The Financial Services Authority has issued Circular No. 10/SEOJK.05/2018 on Applications for Licenses, Approvals and Reporting for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies via Electronic Means, which serves as an implementation of Regulation of the OJK No. 67/POJK.-05/2016 on Business Licenses and Institutions for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies.
Govt. Updates Procedures for Complete Systematic Land Registrations
In a bid to offer greater legal certainty and protections relating to the issue of land rights, the Minister of Agrarian and Spatial Affairs/Head of National Land Agency has issued Regulation No. 6 of 2018 on Complete Systematic Land Registrations.
Tax Treatment for Capital Participation by Venture-Capital Companies Updated
The Minister of Finance has issued Regulation No. 48/PMK.010/2018 on Tax Treatments for Capital Participation in Micro-, Small- and Medium-Scale Enterprises by Venture-Capital Companies, which adjusts the threshold for the types of micro-, small- and medium-scale enterprises which are eligible to become the business partners of venture-capital companies.
New Environmental Provisions for Ocean Waste Dumping
Provisions which address the issue of ocean waste dumping have finally been regulated by the Minister of Environmental Affairs and Forestry through the issuance of Regulation No. P.12/MENLHK/SETJEN/KUM.1/4/2018 on Requirements and Procedures for Ocean Waste Dumping.
Provisions Relating to SKK Migas Redefined
The government has issued Regulation of the President No. 36 of 2018 which amends Regulation of the President No. 9 of 2013 on the Management of Upstream Oil-and-Gas Activities.
BI Updates Provisions on Licensing for Participants in Monetary Operations
Bank Indonesia just issued a new technical regulation on monetary operations, specifically Regulation of the Board of Governors of Bank Indonesia No. 20/7/PADG/2018 on Participation in Monetary Operations. Regulation 7/2018 is expected to improve the governance, standardization and compliance aspects of monetary operations.