This article discusses the amendments to Indonesia’s Investment Law under the Job Creation Law, highlighting their impact on the investment climate and ease of doing business.
Investment Law Post Job Creation Law
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Banking and Finance Law
Guidelines For Implementation of Electronic Integrated Business Licensing Services
On 1 April 2020, BKPM Regulation No. 1 of 2020 was enacted to guide the electronic integrated business licensing services via the OSS system. It details requirements for business licenses, investment values for foreign investments, and outlines responsibilities for business actors, including NIB registration, project classification, and fulfillment of commitments for various permits and licenses.
Details of Business and Production Types for Pioneering Industries that can be Granted the Corporate Income-Tax Deduction Facility as well as Guidelines and Procedures For the Granting of Corporate Income-Tax Deductions
This article examines BKPM Regulation No. 5/2018 on corporate income tax deduction facilities for pioneering industries, including guidelines and procedures for obtaining such incentives.
Amendment of Government Regulation on Income Tax Facilities on Capital Investment of Particular Business Fields and/or in Particular Regions
This article highlights Government Regulation No. 9/2016 amending GR No. 18/2015 on income tax facilities for capital investment in specific business fields and regions, aimed at boosting growth and job creation.
Jurisprudence : Transfer Cannot Be Carried Out From One Company To Another Company Despite Being In One Group
Learning Point: A transfer cannot be carried out from one company to another company, despite being in one group because principally, the two companies are two different legal entities. Thus, in such matters, from the company transferring the employee, the employee is...
Indonesia Invesment – Business Activities of Non-Bank Foreign Exchange and Money Remittance
This article reviews Bank Indonesia Regulation No. 16/2014 on non-bank foreign exchange and money remittance activities, including licensing requirements, compliance obligations, and measures against money laundering and terrorism financing.
Procedure of Procuring Financing From Foreign Private Creditors
Background Procedure of procuring financing from foreign private creditors (“FPC”) is governed under Minister of Finance Regulation No. 45/PMK.08/2014 of 2014 (“MFR No. 45/2014”). This regulation has been enforced to renew the previous one, namely Minister of Finance...
Requirement For Commercial Banks To Undertake Business Activities In Foreign Currency
‘Circular No. 15/27/DPNP’) regulates provisions on requirements for commercial banks to undertake business activities in foreign currency. The provisions in Circular No. 15/27/DPNP start to apply on 19 July 2013. Therefore, Circular Number 28/4/UPPB of 7 September...
Government Regulation No. 45 of 2014 on Types and Tariffs of Non-Tax State Revenue Applicable to the Ministry of Law and Human Rights.
Prior to Regulation No. 45 of 2014, the types and tariffs of non-tax state revenue applicable to the Ministry of Law and Human Rights (hereinafter referred to as ‘Ministry’) were regulated in Government Regulation No. 38 of 2009. Regulation No. 45 of 2014 (hereinafter...