News andUpdates
News and Updates
February 11, 2025
Regulatory Update: Minister of Law Issues New Regulation on Verification and Supervision of Corporate Beneficial Ownership
As part of the Indonesian government’s efforts to prevent money laundering and terrorism financing (TPPU/TPPT) and to optimize the accuracy of beneficial ownership data, on 4 February 2025, the…
January 30, 2025
Amendments to 10% PI Framework and Expanding BUMD Participation in Upstream Oil & Gas Business
In 2016, the Minister of Energy and Mineral Resources (the “Minister”) issued Regulation No. 37 of 2016 dated November 25, 2016 on Provisions on Offers of 10% Participating Interests in Oil-and-Gas…
January 24, 2025
Procedures for the Registration, Reporting, and Data Collection of Land and Building Tax Object
On October 18, 2024, the Minister of Finance (the “MOF”) issued Regulation No. 81 of 2024 on Tax Provisions for the Implementation of the Core Tax Administration System (the “Regulation”). The…
January 20, 2025
Withholding and Payment of Income Taxes on Other Contractor’s Income and/or Participating Interests
On October 14, 2024, the Minister of Finance (the “MOF”) enacted the MOF Regulation Number 81 of 2024 on Taxation Provisions for the Implementation of the Core Tax Administration System (the…
January 16, 2025
Withholding Taxes on Insurance and Reinsurance Premia Paid to Overseas Insurance Companies
On October 18, 2024, the Minister of Finance (the “MOF”) issued Regulation No. 81 of 2024 on Tax Provisions for the Implementation of the Core Tax Administration System (the “Regulation”). The…
January 14, 2025
Civil-Servant Docents May Practice Law with Certain Limitations
♦ Background and Parties to Petition On December 10, 2024, the Constitutional Court rendered its decision number 150/PUU-XXII/2024 (the “Decision”) on the judicial review of Article 3 (1) letter (c)…
January 14, 2025
Constitutional Court Decision on the Definition of International Arbitral Award
On December 17, 2024, the Constitutional Court of the Republic of Indonesia (the "Court") rendered its decision towards Case No. 100/PUU-XXI/2024 (the "Decision"). The case was submitted and examined…
January 6, 2025
Indonesia’s 2025 Provincial Minimum Wages
On December 4, 2024, the Minister of Manpower issued Regulation No. 16 of 2024 on Determination of 2025 Minimum Wages (the “Regulation”). The Regulation introduces a new formula for calculating the…
January 3, 2025
2025 New Value Addex Tax Rate
As you may know, under Article 7(1) of Law No. 8 of 1983 on Value Added Taxes on Goods and Services and Sales Taxes on Luxurious Goods as lastly amended by Government Regulation in Lieu of Law No. 2…
November 25, 2024
Third Amendment to Immigration Law
On October 17, 2024, the Government enacted Law No. 63 of 2024 (“Law No. 63”) on the Third Amendment to Law No. 6 of 2011 on Immigration (the “Immigration Law”). This amendment was enacted as a…