Indonesian Legal Brief

New Provisions on Public Offerings by Shareholders
The Financial Services Authority has issued Regulation No. 76/POJK.04/2017 on Public Offerings by Shareholders. Regulation 76/2017 sets out detailed provisions on procedures for public offerings which are undertaken by issuers or public companies, including the submission of registration statements, prospectuses and public-offering result reports.
New Provision on Benchmark Pricing for Forestry Products
The Ministry of Environment and Forestry has issued Regulation No. P.64/MENLHK/SETJEN/KUM.1/12/2017 on Benchmark Pricing for Forestry Products for the Calculation of Forestry Provisional Fees and Stumpage Compensation.
Rules for Capital-Market Legal Consultants Revised
With the ultimate aim of improving the independence, objectivity and professionalism of capital-market legal consultants, the Financial Services Authority (OJK) has issued Regulation No. 66/POJK.04/2017 on Legal Consultants Practicing in the Capital Market .
Ministry of Trade Further Amends Provisions on the Importation of Horticultural Products
In a bid to further enhance the effective importation of horticultural products, the Ministry of Trade issued Regulation No. 95 of 2017, which is a Second Amendment to Ministry Regulation No. 30/M-DAG/PER/5/2017 on Import Provisions for Horticultural Products. Regulation 30/2017 was amended once previously through the issuance of Ministry Regulation No. 43/M-DAG/PER/6/2017.
Provisions on the Temporary Suspension and Postponement of Financial Transactions Updated
As one of the measures which is being aimed at the prevention of money-laundering and terrorism-financing activity, the Financial Transaction Reports and Analysis Centre (PPATK) has issued Regulation No. 18 of 2017 on the Implementation of the Temporary Suspension and Postponement of Transactions by Financial Service Providers.
OJK Updates Financial-Statement Liabilities for Issuers and Public-Company Boards of Directors
In order to redefine the scope of financial-statement liability as it applies to the Boards of Directors of issuers or public companies, the Financial Services Authority has issued Regulation No. 75/POJK.04/2017 on the Financial-Statement Liabilities of Boards of Directors.
Procedures for the Collection of Tax-Related Information from Governmental Institutions, Associations and Certain Businesses
The Ministry of Finance has issued Regulation No. 228/PMK.03/2017 on Details of Types of Data and Information, as Well as Procedures for the Submission of Taxation-Related Data and Information, which serves as an implementation of Articles 3 (4), 4 (1), 5 (2) and 7 (3) of Regulation No. 31 of 2012 on the Provision and Collection of Taxation-Related Data and Information.
Provisions on Import Recommendations for Horticultural Products Reregulated
In a bid to boost efficiency as regards the management of the importation of horticultural products, as well as to ensure certainty as regards the issuance of recommendations for imports of horticultural products and also to encourage the domestic production of horticultural products, the Ministry of Agriculture has issued Regulation No. 38/PERMENTAN/HR.060/11/2017 on Import Recommendations for Horticultural Products.
New Regulation on Preferential Income-Tax Treatment for Foreigners and Indonesians Under International Agreements
Due to the introduction of new cooperation agreements with several new international organizations, the Ministry of Finance has renewed various provisions on income-tax treatment through the issuance of Regulation No. 202/PMK.010/2017 on the Implementation of Income-Tax Treatment Based on International-Agreement Provisions.
BPOM Introduces New Type of SKI for Importation of Food and Drugs
With the ultimate objective of increasing the supervision of the distribution of food and drugs, the National Agency for Drug and Food Control (Badan Pengawas Obat dan Makanan - “BPOM”) has introduced new types of import certificates through the issuance of Regulation No. 30 of 2017 on the Supervision of Imports of Drugs and Foods into Indonesian Territory.
© Copyright 2000 - 2018 PT Justika Siar Publika. All rights reserved.