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...
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...
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...
Agrarian reform is a restructuring of the structure of control, ownership, use and utilization of land through asset and access arrangement for the prosperity of the Indonesian, conducted by the central and local government (“Agrarian Reform”). Under the President...
Regional Spatial Plan (“RTRW”) is a result of spatial planning on a regional which is a geographical entity with all related elements whose limits and systems are determined based on administrative aspects. Under the Minister of Agrarian and Spatial Plan/Head of...