Provisions on PBB Deductions Simplified
Indonesia’s Ministry of Finance recently made a breakthrough in terms of simplifying the country’s land-and-building tax framework. With the goal of simplifying procedures for the securing of land-and-building tax deductions, the Ministry of Finance has issued Regulation No. 82/PMK.03/2017 on the Granting of Land-and-Building Tax Deductions. This new regulation essentially redefines matters pertaining to the requirements which have to be met, as well as to the submission of applications for the securing of the PBB deduction facility.
Govt. to Revise the Implementation of Nationally Strategic Projects
The government has issued Presidential Regulation No. 58 of 2017 on the Amendment to Presidential Regulation No. 3 of 2016 on the Acceleration of the Implementation of Nationally Strategic Projects with the ultimate goal in mind of improving the implementation of said projects. In a nutshell, this regulation amends several provisions which address the following matters: 1) Project funding; 2) Land procurement; 3) Utilization of domestic resources; 4) Monitoring and evaluation; and 5) List of Projects.
Registration and Notification of Hazardous and Toxic Substances
The Ministry of Environment and Forestry (“Ministry”) has issued Regulation No. P.36/MENLHK/SETJEN/KUM.1/6/2017 on Registration and Notification Procedures for Hazardous and Toxic Substances. In essence, this Regulation sets out a number of provisions relating to registration and notification for hazardous and toxic substances, an area which was previously regulated under Ministry Regulation No. 2 of 2010 on the Utilization of Electronic Registration Systems for Hazardous and Toxic Substances under the Framework of the Indonesian National Single Window at the Ministry of the Environment.
House Passes Bill on Architects
The House of Representatives has finally passed the Bill on Architects, with the objective of extending legal protection not only to architects but also to their clients. The Bill consists of 45 articles which cover the following matters: scope of architect’s services, registrations and licenses, foreign architects, the rights and obligations of architects, the rights and obligations of architects’ service users, professional architects’ organizations, architects’ development and administrative sanctions.
Border Control Measures for Goods Suspected of Infringing Intellectual Property Rights
With the objective of setting out comprehensive measures for the control of imports or exports of goods which result from violations of intellectual property rights, the government has finally issued Government Regulation No. 20 of 2017 on the Control of Imports and Exports of Goods Resulting from Violations of Intellectual Property Rights. In essence, the regulation sets out two control measures, specifically: 1) Recordation and detention; and 2) Temporary suspension.
Draft Bill on the Redenomination of the Rupiah Currency
With the aim of simplifying transactions involving the rupiah currency through a process of denomination which doesn’t affect the value of said currency, the House of Representatives is currently deliberating the Draft Bill on the Redenomination of Rupiah (“Draft Bill”). This process of redenomination will see three digits being removed from the rupiah currency as it currently stands. In essence, the Draft Bill addresses the whole implementation of the redenomination process, including value-rounding mechanisms, new money circulation procedures and various mandatory measures which are to be implemented by businesses. The date for the redenomination of the rupiah has been set at 1 January 2020.
New Provisions on Paid-up Capital and Route Permits for Airlines
The Ministry of Transportation (“Ministry”) has issued Regulation No. PM 38 of 2007, which is the Ninth Amendment to Ministry Regulation No. KM 25 of 2008 on the Organization of Air Transportation, with the ultimate aim of boosting growth within the air-transportation sector by simplifying provisions which relate to paid-up capital, new flight-route permits and the handling of accidents and/or serious incidents. Prior to the issuance of this Ninth Amendment, Regulation 25/2008 was previously amended several times, most recently through the issuance of Ministry Regulation No. PM 56 of 2016.
Provisions on the Disclosure of Financial Information for Taxation Purposes Revised
In order to ease public anxiety and distrust, the Ministry of Finance has hastily issued Regulation No. 73/PMK.03/2017 as an amendment to the recently issued Ministry Regulation No. 70/PMK.03/2017 on Technical Guidelines for Access to Financial Information for Taxation Purposes. The amendment covers three new provisions, including increasing the minimum thresholds for reported financial accounts, a new electronic mechanism for the requesting of data and the delegation of technical regulations.
New Procedure for Ship Registration
With the aim of improving investment within the shipping sector, the Ministry of Transportation has issued Regulation No. PM 39 of 2017 on Ship Registration and Nationality. In essence, this new regulation redefines a number of provisions which were originally regulated under the now obsolete Regulation No. PM 13 of 2012, so as to accelerate the processing of ship registrations as well as the acquisition of ship nationality documents.
New Regulation on Electronic Tax Payments
With the objective of broadening the types of tax which can be paid in foreign currencies, as well as of annulling the use of Land and Building Tax Payment Slips for tax-administration purposes, the Director General of Taxes has just issued Regulation No. PER-05/PJ/2017 on Tax Payments through Electronic Means. The regulation addresses several tax-related matters, including payment via electronic means, billing codes and electronic income-tax payment methods.