News andUpdates
News and Updates
January 4, 2021
Foreigners Are Restricted from Entering Indonesia Until January 14, 2021
The Indonesian government officially closed its borders to foreigners starting January 1, 2021 until January 14, 2021. The Minister of Foreign Affairs announced this policy on Monday, December 28,…
December 23, 2020
New Stamp Duty Law Issued
On October 26, 2020 the government enacted Law No. 10 of 2020 on Stamp Duty (the “2020 Stamp Duty Law”). The purpose of the 2020 Stamp Duty Law is, among others, to increase state revenues and…
December 7, 2020
BKPM Issued Guidelines on Tax Incentive Offline Applications
For the purpose of implementing the Minister of Finance (the “Minister”) Regulation No. 11/PMK.010/2020 dated February 11, 2020 on the Implementation of Government Regulation No. 78 of 2019 on the…
November 25, 2020
Changes to Investment Law Under Omnibus Law
This newsflash is a follow up to the previously issued newsflash dated November 5, 2020, on the general overview of the Job Creation Law or what is publicly known as the Omnibus Law (link here). This…
November 25, 2020
DKI Jakarta Extends the Transitional PSBB
The Governor of DKI Jakarta decided to again extend the transitional Large-Scale Social Restrictions Activities (Pembatasan Sosial Berskala Besar or “PSBB”) for 14 (fourteen) days, effective as of…
November 25, 2020
A New Regulatory Framework for the Operation of Electronic System within the Territory of Indonesia
On October 10. 2019, the Indonesian Government issued Government Regulation No. 71 of 2019 on the Operation of Electronic Systems and Transactions (“GR 71/2019”). This regulation is intended to be…
November 24, 2020
Changes to Competition Law under Omnibus Law
As a follow up to the previously issued newsflash dated November 5, 2020 on the general overview of the Job Creation Law or what is publicly known as the Omnibus Law (link here), this newsflash…
November 20, 2020
Omnibus Law Amends Provisions under Company Law to Empower Micro, Small, and Medium Business
As a follow up to our newsflash on the general update of the Job Creation Law or what is publicly known as the Omnibus Law, which can be access through this link, we will further discuss the key…
November 7, 2020
The Indonesian President Ratifies Bilateral Investment Treaty between Indonesia and Singapore
On September 25, 2020, the Indonesian President ratified the Agreement dated October 11, 2018 on the Promotion and Protection of Investments between the Government of the Republic of Indonesia and…
November 5, 2020
Changes to Manpower Law under Job Creation Law
On November 2, 2020, the President of the Republic of Indonesia enacted the approved Job Creation Bill (or publicly known as the Omnibus Law) which Bill was passed by the House of Representatives on…