Indonesian Legal Brief

Technical Provisions on the Imposition of PPN and PPnBM in Free Areas Amended
The Ministry of Finance has issued Regulation No. 171/PMK.03/2017 which amends Ministry Regulation No. No. 62/PMK.03/2012 on Procedures for the Oversight, Administration, Payment and Settlement of Value-Added Tax and/or Luxury Goods Sales Tax for the Extraction and/or Handover of Taxable Goods and/or Taxable Services from Other Areas within Customs and Excise Territory to Free Areas.
Government Export-Development Programs Seeking to Boost National Export Activity
With the ultimate objective of improving national export activities, the Ministry of Trade has issued Regulation No. 83 of 2017 on the Improvement of Business Practitioners for Export-Development Purposes.
Oversight of the Carriage of Hard Cash through Customs Areas
With the ultimate aim of further preventing any practices relating to money laundering and/or terrorism financing, the Ministry of Finance has issued Regulation No. 157/PMK.04/2017 on Procedures for Notifications and Oversight, and Indicators of Suspicion, for the Carriage of Hard Cash and/or Other Payment Instruments, as Well as the Imposition of Administrative Sanctions and Deposits into the State Treasury. This regulation is an implementation of Government Regulation No. 99 of 2016 on the Carriage of Cash and Other Payment Instruments into or out of Indonesian Territory.
BI Further Regulates Regulatory-Sandbox Provisions for Fintech Organizers
Member of the Board of Governors of Bank Indonesia has issued Regulation No. 19/14/PADG/2017 on the Regulatory Sandbox for Financial Technologies, which addresses technical provisions which relate to the organization of a regulatory sandbox approach for Financial Technology, as regulated under Bank Indonesia Regulation No. 19/12/PBI/2017 on the Organization of Financial Technologies.
Govt. Regulates Imports of E-Cigarettes
With the ultimate goal in mind of protecting the health of the Indonesian public and consumers from the extensive usage of electric cigarettes, the Ministry of Trade has now regulated the importation of E-Cigarettes through the issuance of Regulation No. 86 of 2017 on Import Provisions for Electronic Cigarettes.
Technical Guidelines for Registration, Submission of Information and Monitoring of Fintech Organizers
Member of the Board of Governors of Bank Indonesia has just issued Regulation No. 19/15/PADG/2017 on Procedures for the Registration, Submission of Information and Monitoring of Financial Technology Organizers, which is an implementation of Bank Indonesia Regulation No. 19/12/PBI/2017 on the Organization of Financial Technologies.
Govt. Prioritizes Utilization of National Maritime Transportation and National Insurance for Imports and Exports of Certain Goods
With the objective of creating greater opportunities for national shipping companies and national insurance companies which engage in import and export activities, The Ministry of Trade has issued Regulation No. 82 of 2017 on Provisions for the Utilization of National Maritime Transportation and Insurance for the Importation and Exportation of Certain Goods.
New BI Regulation on Fintech
Bank Indonesia recently issued Regulation No. 19/12/PBI/2017 on the Organization of Financial Technologies. Regulation 19/2017 is essentially aiming to accommodate technological developments, as well as to guarantee customer protection within the financial sector in a bid to maintain monetary stability and the stability of the financial system, as well as reliable payment systems capable of supporting sustained national economic growth.
Govt. Limits Importation of Tobacco
In a bid to increase the national competitiveness of the tobacco industry, as well as to reorganize the rules for the importation of tobacco, the Ministry of Trade has finally issued Regulation No. 84 of 2017 on Import Provisions for Tobacco.
Online Applications for Data Corrections for Limited Liability Companies, Foundations and Associations Made by Notaries
A new correction mechanism for any errors which are discovered relating to the data of limited liability companies, foundations and associations which possess legal status now been established through the issuance of Ministry of Law and Human Rights Regulation No. 17 of 2017 on Procedures for Applications for Legal-Entity Data Corrections for Limited Liability Companies, Foundations and Associations.
© Copyright 2000 - 2018 PT Justika Siar Publika. All rights reserved.