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...
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...
Background Regulation of the Minister of Energy and Mineral Resources of the Republic of Indonesia Number 27 of 2018 on Compensation for Land, Buildings, and/or Plants Under the Free Space of Power Transmission Network. To meet the need for more comprehensive...
Background Minister of Agrarian and Head of National Land Agency of the Republic Indonesia Regulation Decree Number 70 of 2016 of Procedure for Establishing of Communal Land Rights on Customary Law Community and Community Within the Specific Area. This regulation was...
Background Land procurement for the public interest development (“Land Procurement”) is an activity with an objective to acquire the land rights which will be allocated for public utilities, by giving the compensation to the land owner. The determination of...
Background On 22 April 2016, the Government of Republic of Indonesia enacted Minister of Agrarian and Spatial Planning/Head of National Land Agency No. 18 of 2016 (“Regulation No. 18/2016”). The Regulation No. 18/2016 is issued with a background that the provisions of...
Under the Regulation of Minister of Agrarian and Spatial Planning/Head of National Land Agency No. 16 of 2017 on Development Guideline of Transit Oriented Area (“Minister Regulation 16/2017”), there are three stages for determining and stipulating the transit oriented...
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....
Under the Government Regulation No. 64 of 2016 on Construction of Low Income Communities Housing (“GR No. 64/2016”), the housing for low income communities (“LIC Housing”) shall be constructed not more than 5 hectares, and at least 0.5 hectare, provided that the...