Financial Administration General P3SRS is responsible for the financial administration of condominium management after the Developer delivers the management to P3SRS which consists of management cost and other legitimate businesses. Management Cost The amount of...
Membership and Organization Membership Only the Owner or Tenant may obtain proxy from the Owner of the condominium unit who can become a member. However, please note that the Owner who is not the tenant of condominium unit cannot occupy positions in the management...
Background On 5 December 2018, Governor of DKI Jakarta has issued a Regulation of Governor Number 132 of 2018 on the Encouragement of the Management of Owned Condominium (“Condo Reg”). This Regulation is aimed to manage the management of Owned Condominium so that they...
Definition Final Income Tax is a tax charged based on a tax rate and a certain tax base on a received income by the Tax Subject during the year which its payment is fully deposited by the time it is received so that the taxpayer is deemed to have paid off their tax...
Association of Owner And Tenant of Condominium Unit (P3SRS) from Leks&Co Establishment of P3SRS The establishment of P3SRS must be facilitated by the developers no later than the end of transition period. The transition period is at the latest 1 year from the...
Background The Government of Indonesia issued Regulation of the Minister of Public Works and Public Housing Number 19 of 2018 concerning the Implementation of Building Permits ("IMB") and Certificate of Feasible Function ("SLF") of Building through Integrated Business...
Background At the beginning of 2018, precisely on January 8, the Government of Republic Indonesia has enacted new regulation related to Condominium. That regulation is Minister Regulation of Public Works and Housing No. 01/ PRT/M/2018 on Development and Management...
Under the Law No. 20 Year 2011 (“Condomonium Law”), the management of condomonium includes operational, maintenance and treatment of joint equipment, joint facility, and joint land. The maintenance activity is defined as an activity to maintain the reliability of the...
Background Government of Republic of Indonesia recently issued Government Regulation No. 34 of 2017 regarding Income Tax on the Revenue of Renting out Land And/or Building (“Government Regulation 34/2017”). This regulation will come into force on 2 January 2018....