Quick ViewRemuneration, as defined in Article 1 (3), is all income received by a foreign worker who works for a Contractor listed in a Work Plan and Budget (“RKA”) that has been approved by the Organizing Agency. Pursuant to Article 2 (4), remuneration includes wages, allowances, and/or any other payment related to the annual performance of the contractor and not provided in the long run.
Quick ViewPursuant to Article 2 (1), goods subject to excise that have not been paid can be stockpiled in temporary storehouses or bonded storehouses. These goods, pursuant to Article 3, can also be stockpiled in a factory if they are used as raw materials or supporting materials.
Quick ViewMinister of Finance Regulation No. 200/PMK.04/2011 on Customs and Excise Audits (“Regulation”) has been issued to simplify customs and excise audit provisions. The Regulation is also aimed at merging the auditing process for customs and excise.
Quick ViewPursuant to Article 1 (4) of the Regulation, a bonded warehouse is a type of bonded storehouse used to store imported goods. In addition, a bonded warehouse also runs activities such as packaging/repackaging, sorting, kitting, and cutting specific goods.
Quick ViewMinistry of Finance Regulation No. 213/PMK.011/2011 on the Goods Classification System and Import Duties (“Regulation”) has been issued to harmonize the goods classification system used for export and import activities. The Regulation is also aimed at implementing Article 12 (3) of Law No. 10 of 1995 on Customs, as amended by Law No. 17 of 2006.
Quick ViewBank Indonesia Regulation No. 14/2/PBI/2012 on the Amendment to Bank Indonesia Regulation No. 11/11/PBI/2009 on Card-Based Payment Instrument Activities (“2012 Regulation”) has been issued to reiterate the implementation of the precautionary principle and consumer protection when using credit and debit cards as a method of payment. The 2012 Regulation is also aimed at implementing credit risk management in the payment card system.
Quick ViewPursuant to Article 1 (13), a “Container Depot” is an open area located inside or outside seaport premises, where activities such as storing, washing, maintaining and repairing, stuffing and stripping of containers takes place. Container depots are also places where full containers and empty containers are handled.
Quick ViewThe governor or an appointed official, as stipulated under Article 2 (1), can reduce the BPHTB by up to 50 percent based on a taxpayer’s request. This reduction is awarded based on regional, social, and religious interests. For example, Article 2 (2) (a) states that a 25 percent BPHTB reduction will be awarded to taxpayers who own simple housing (rumah sederhana). Furthermore, Article 2 (2) (b) (7) states that a 50 percent BPHTB reduction will be awarded to taxpayers for land and buildings that are used for orphanages, educational facilities, and hospitals.
Quick ViewMinister of Trade Regulation No. 01/M-DAG/PER/1/2012 on Delegating the Authority to Issue Investment Permits to the Head of the Indonesia Investment Coordinating Board Under the One Stop Integrated Services Framework for Investment (“Regulation”) has been issued to implement Article 7 (2) and (3) of Presidential Regulation No. 27 of 2009 on One Stop Integrated Services for Investment (“Perpres 27/2009”).
Quick ViewGovernment Regulation No. 52 of 2011 on the Second Amendment to Government Regulation No. 1 of 2007 on Income Tax Facilities for Investment in Specific Businesses and/or Regions (“2011 Regulation”) has been issued to improve economic growth, support equitable development, and accelerate development.
