Building Construction Permit (“IMB”) IMB is issued through OSS with commitment. The fulfillment of commitment must be conducted by supplementing: Proof of ownership of rights over land or proof of agreement on the usage of the land; Building owner’s data; Building...
Location Permit Object and Subject The object of Location Permit must be a land which according to the Regional Spatial Plan (“RTRW”) is intended to be used in accordance with the business plan prepared by Business Actor. The limitation of control over land that is...
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 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...
Background Bank Indonesia has issued Bank Indonesia Regulation No. 20/8/PBI/2018 on Loan to Value Ratio for Property Loan, Financing to Value Ratio for Property Financing, and Down Payment for Loan or Vehicle Financing (“PBI 20/2018”). This regulation revokes the...