News andUpdates
News and Updates
July 20, 2022
Regulatory Overhaul for P2P Lending Business Finally Issued
The Financial Service Authority (“OJK”) recently issued OJK Regulation No. 10/POJK.05/2022 dated July 4, 2022 on Information Technology Based Collective Financing Services (“POJK 10/2022”). POJK…
July 11, 2022
Hard Deadline for the Registration of Private Electronic System Operator
Back in May 2021, Minister of Communication and Informatics (MOCI) issued Regulation No. 10 of 2021 which partially amended MOCI 5/2020 that came into force on May 21, 2021. Particularly on the…
May 13, 2022
KPPU Introduces Competition Compliance Program for Businesses
On March 24, 2022, the Indonesia Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha or “KPPU”) issued its first regulation in 2022 on Competition Compliance Program (“Reg. 1/2022”).…
April 28, 2022
Moratorium of Crude Palm Oil Export
On April 27, 2022, the Minister of Trade Republic of Indonesia (the “MoT”) issued Decree No. 22 of 2022 on Temporary Export Ban on Crude Palm Oil, Refined, Bleached and Deodorized Palm Oil, Refined,…
April 20, 2022
End of Relaxation Period for Competition Regulations Enforcement
As the Covid-19 Pandemic has begun to ease up, the Indonesian Competition Supervisory Commission (Komisi Pengawasan Persaingan Usaha or “KPPU”) determined to end the Relaxation Period for…
February 15, 2022
Updated Requirements and Procedures on Old-Age Benefit Program
The Minister of Manpower (“MOM”) recently issued a new regulation governing the Old-Age Benefit (Jaminan Hari Tua or “JHT”) Program, i.e., MOM Regulation No. 2 of 2022 dated February 2, 2022 on…
January 3, 2022
Increased Quarantine Period Under Decree 1/2022
On January 1, 2022, the Head of the Covid-19 Management Task Force (“Covid-19 Task Force”) issued Decree No. 1 of 2022 on Entry Point, Quarantine Location and RT-PCR Requirement for Indonesian…
December 15, 2021
Harmonized Tax Law Amends Provisions on Income Taxes
Law No. 7 of 2021 dated October 29, 2021 on the Harmonization of Taxation Regulations (“Law 7/2021”) amends several existing regulations on the taxation law and introduces several new regulations.…
December 15, 2021
Minister of Home Affairs Issues PPKM Instruction for Christmas and New Year
The Minister of Home Affairs (the “MOHA”) has just issued the latest directive regarding Public Activity Restrictions (Pemberlakuan Pembatasan Kegiatan Masyarakat or “PPKM”) in MOHA Instruction No.…
November 30, 2021
Indonesian Constitutional Court Orders Government and House of Representatives to Rectify Job Creation Law Within Two Years
On November 25, 2021, the Constitutional Court (the “Court”) issued the decision No. 91/PUU-XVVII/2020 (the “Decision No. 91”) in relation to a petition for a formal review (the “Petition”) of Law…