News on government’s plan to revise the current agrarian law of 1960 heated up lately. The government schedules that the bill will be promulgated before the upcoming election in early 2019. The question is, whether the government and legislators are able to agree on...
Preliminary Condominiums are one of the ideal alternatives to fulfill the society’s housing needs, especially in urban areas, due to the availability of land constraints. The condominium unit is a unit of condominiums whose main purpose is used separately with the...
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...
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...
Background On 24 August 2018, Governor of DKI Jakarta issued a Circular Letter No. 24/prt.m/2018, concerning the Optimization of Encouragement on the Management of Owned Condominium (“SE No. 16/2018”). SE No. 16/2018 was issued to create a comfortable, safe,...
Background On September 14, 2018, Minister of Public Work and Public Housing issued Minister of Public Work and Public Housing Regulation No. 24/prt.m/2018, concerning the Accreditation and Registration of Housing Developer Associations and Housing Developer...
Background On July 13, 2018, the Government issued the Minister of Environment and Forestry of the Republic of Indonesia Regulation Number: P.24/Menlhk/Setjen/Kum.1/7/2018,which regulates the Exemption of Obligations to Arrange Environmental Impact Analysis for...
Basic Principles of Compensation Valuation The value of compensation is one of the most important aspects for the land owners that are affected by the land procurement for public interest. Law No. 2 of 2012 (“Law No. 2/2012”) stipulates that the compensation shall be...