Background The government of Indonesia has issued a new regulation named Presidential Regulation Number 44 of 2018 on Indonesia National Single Window. This regulation was promulgated effective from 31 May 2018 (“Perpres No. 44/2018”). Perpres No. 44/2018 revokes...
Background On 30 May 2018, the Capital Investment Coordinating Board issued Regulation of Capital Investment Coordinating Board No. 5 of 2018 on Details of Business and Production Types for Pioneering Industries That Can Be Granted the Corporate Income-Tax Deduction...
Background Business activities of non-bank foreign exchange is regulated under the Regulation of Bank of Indonesia No. 16/15/PBI/2014 on the Business Activities of Non-Bank Foreign Exchange (“PBI No. 16/2015”). The PBI No. 16/2015 was issued (i) by considering the...
Background One of the government's efforts in improving the flow of investment in Indonesia is by providing flexibility for investors to determine the business sector of investment based on its interest. This triggers a simplification process of rules towards the...