General Corporate

Rules for Tax Returns (SPT) Amended
In a bid to simplify the administration of Tax Returns (SPT) and to support the Ease of Doing Business program, the Ministry of Finance has issued Regulation No. 9/PMK.03/2018 (“Regulation 9/2018”) which amends Ministry Regulation No. 243/PMK.03/2014 on Tax Returns (SPT).
Government Introduces Stricter Supervision for Imports of Used Capital Goods
In a bid to introduce stricter post-border supervisory measures for importations of used capital goods, the Ministry of Trade has issued Regulation No. 17 of 2018, which amends Regulation No. 127/M-DAG/PER/12/2015 on Import Provisions for Used Capital Goods .
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.
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 .
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.
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.
Online Submission of Documents Relating to Registration Statements and Corporate Actions
The Financial Services Authority has issued Regulation No. 58/POJK.04/2017 on the Electronic Submission of Registration Statements and Applications for Corporate Actions. Regulation 58/2017 has been issued in a bid to improve services to issuers and public companies within the capital market through the utilization of information technology.
Procedures to Employ Foreign Advocates Simplified
In a bid to simplify procedures to employ foreign advocates, the Ministry of Law and Human Rights has issued Regulation No. 26 of 2017 on Requirements and Procedures to Employ Foreign Advocates and Obligations for the Provision of Pro-Bono Services to the Legal Education and Research Sector .
Govt. Extends the Period for the Use of Foreign Ships for Off-Shore Activities
The Ministry of Transportation has extended the validity period for the use of certain types of foreign ships for off-shore activities through the issuance of Regulation No. PM 115 of 2017 on the Amendment to Ministry of Transportation Regulation No. PM 100 of 2016 on Procedures and Requirements for the Granting of Permits for the Use of Foreign Ships for Domestic Sea-Transportation Activities Other than the Transportation of Passengers and/or Goods.
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