Quick ViewThe scope of the Regulation, pursuant to Article 4, includes the imposition of BPHTB on property transfers due to inheritance, imposition of BPHTB on property transfers due to testation, imposition of BPHTB due to transfers of rights to manage land, the amount of NPOPTKP, and procedures for filing an objection.
Quick ViewThe House of Representatives has passed a Bill on the Ratification of the Comprehensive Nuclear-Test-Ban-Treaty (“Bill”) in order to further international efforts to eliminate nuclear weapons and prevent the proliferation of nuclear weapons.
Quick ViewSpecial Jakarta Area Governor Regulation No. 114 of 2011 on One Stop Integrated Service (“Regulation”) has been issued to implement Minister of Interior Affairs Regulation No. 20 of 2008 on Organizational Structures and Work Procedures of Regional Integrated Service Units.
Quick ViewIn essence, the purpose of the Regulation is to improve the financial resiliance of insurance and reinsurance companies and protect them from the dynamics of global finance. Ultimately, the Regulation is a guide to adjust risk factors used to calculate minimum solvency thresholds.
Quick ViewMinister of Communication and Information Regulation No 22/PER/M.KOMINFO/11/2011 on Organizing Free-to-Air Terrestrial Digital Television (“Regulation”) was issued to regulate the transition from analogue to digital broadcasting technology. The Regulation is also aimed at addressing the issue of limited radio frequency availability for terrestrial television broadcasting.
Quick ViewGovernment Regulation No. 49 of 2011 on the Amendment to Government Regulation No. 1 of 2008 on Government Investment (“Regulation”) has been issued to implement Article 41 (3) of Law No. 1 of 2004 on State Treasury (“Law 1 /2004”) and to improve the provisions of Government Regulation No. 1 of 2008 on Government Investment (“Regulation 1/2008”), which addressed the same issue.
Quick ViewBank Indonesia Regulation No. 13/25/PBI/2011 on Precautionary Principle to Delegate Part of Commercial Bank Works to Third Parties (“Regulation”) has been issued to reaffirm commercial bank’s main responsibility on intermediation. It is also aimed at preventing potential risks that may occur from works that are delegated to third parties who are not commercial banks employees.
Quick ViewThe Minister of Industry has issued Regulation No. 93/M-IND/PER/11/2011 on Guidelines and Procedures for Applying for Income Tax Exemptions Facility and Tax Reductions for Business Entities in the Industry Sector (“Regulation”). The Regulation is an implementating regulation to Minister of Finance Regulation No. 130/PMK.03/2011 on Income Tax Exemptions Facility and Tax Reductions for Business Entities.
Quick ViewOn 16 December 2011, the House of Representatives has passed the Bill on Land Procurement for Public Interest (“Bill”). The Bill aims to assure the land procurement for public interest by prioritizing fair, democratic and humanity principle. The Bill also aims to improve the previous regulations on land procurement which has become outdated and is no longer appropriate in providing land for public interest.
Quick ViewMinister of Trade Regulation No. 39/M-DAG/PER/12/2011 on the Second Amendment to Minister of Trade Regulation No. 36/M-DAG/PER/9/2007 on Trade Business License Issuance (“Regulation”) has been issued to adjust the provisions regarding trade business licenses with Law No. 28 of 2009 on Regional Tax and Retribution.
