Category: Newsflash

  • NewsflashDecember 26, 2017

    New Capital Investment Regulation on Licensing and Facilities

    The Capital Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) recently issued Chairman of BKPM Regulation No. 13 dated December 11, 2017, on Guidelines and Procedures for Capital Investment Licensing and Facilities (“BKPM Reg. 13/2017”). BKPM Reg. 13/2017 will be effective at the central Integrated One Stop Service Office (Pelayanan Terpadu Satu Pintu or Read more…

  • NewsflashDecember 15, 2017

    BANK INDONESIA ISSUES REGULATIONS ON THE IMPLEMENTATION OF FINANCIAL TECHNOLOGY

    On November 30, 2017, the Central Bank of Indonesia (Bank Indonesia – “BI”) issued BI Regulation No. 19/12/PBI/2017 on the Implementation of Financial Technology (the “BI Regulation”) in order to promote innovation in the financial sector; implement consumer protection, risk management and prudential principles; and maintain monetary and financial system stability and an efficient and Read more…

  • NewsflashDecember 1, 2017

    BI SETS OUT ARRANGEMENT FOR COMMERCIAL PAPER ISSUANCE AND TRANSACTIONS

    In order to deepen the financial market and support the issuance of short-term debt securities by Indonesian companies, on July 20, 2017 the central bank of Indonesia (Bank Indonesia – ”BI”) issued BI Regulation No. 19/9/PBI/2017 regarding Commercial Paper Issuance and Transactions in the Financial Market (the “BI Regulation“), replacing Decree Letter of the Board Read more…

  • NewsflashOctober 26, 2017

    BI SETS OUT ARRANGEMENT FOR NATIONAL PAYMENT GATEWAY (“NPG”)

    On June 22, 2017, the central bank of Indonesia (Bank Indonesia – “BI”) issued BI Regulation No. 19/8/PBI/2017 regarding the National Payment Gateway (the “BI Regulation”), which aims to create a secure, efficient, and reliable domestic payment system by facilitating non-cash transactions through the establishment of a National Payment Gateway (“NPG”). The NPG was further Read more…

  • NewsflashOctober 3, 2017

    MOCI Announces 2.1 GHz and 2.3 GHz Frequency Band Auction Rules

    On September 26, 2017, the Minister of Communications and Informatics (the “MOCI”) issued Regulation No. 26 of 2017 (the “Regulation”), which sets out procedures for 2.1 GHz and 2.3 GHz band spectrum auctions as part of the government’s goal of achieving broadband nationwide and to enable mobile operators to strengthen network capacity in order to Read more…

  • NewsflashSeptember 15, 2017

    Procedures for Land Freeze and Land Seizure

    On August 9, 2017, the Minister of Agrarian Affairs and Spatial Planning (“Minister”)/Head of the National Land Agency (“Head of BPN”) issued Regulation No. 13 of 2017 on Procedures for Land Freezes and Land Seizures to administer and record Land Freeze or Land Seizure during disputes affecting land title. ♦ Land Freeze Land Freeze is Read more…

  • NewsflashMay 20, 2017

    Newsflash on Permanent Establishment for Foreign OTT Providers

    On February 6, 2017, the Director General of Tax stipulated Circular Letter No. 04 of 2017 on the Determination of Permanent Establishments for Foreign Tax Subjects Which Are Providers of Applications and/or Content Services Through the Internet. This Circular Letter is intended to provide guidance and uniformity in determining Permanent Establishment status as regards Foreign Read more…

  • NewsflashMarch 29, 2017

    New Minimum Wage for Certain Sectors for DKI Jakarta Province

    The Governor of DKI Jakarta Province stipulates a new provincial sectoral minimum wages (“UMSP”) that apply to certain sectors in DKI Jakarta Province under the Governor Regulation No. 20 of 2017 dated February 14, 2017 on Provincial Sectoral Minimum Wages for 2017 (the “Regulation”). The Regulation stipulates 3 (three) following sectors that have to comply Read more…

  • NewsflashMarch 28, 2017

    Tax Amnesty Reporting Provisions Changed

    On September 23, 2016, the Ministry of Finance issued Regulation Number 141/PMK.03/2016 (“Amendment”) amending Regulation Number 118/PMK.03/2016 (“MOF Reg. 118/2016”) concerning the Implementation of Law Number 11 of 2016 on Tax Amnesty. Tax Amnesty is designed to increase State revenues by facilitating payment of back taxes. The purpose of the Amendment is to further encourage Read more…

  • NewsflashFebruary 17, 2017

    Gross Split Production Sharing Contracts

    On January 16, 2017, the Minister of Energy and Mineral Resources issued Regulation No. 8 of 2017 dated regarding Gross Split Production Sharing Contracts (“MEMR Reg. 8”). MEMR Reg. 8 partially revokes MEMR Regulation No. 38 of 2015 regarding Acceleration of Non-Conventional Oil & Gas Business, which remains in force, except for provisions related to Read more…


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