News andUpdates
News and Updates
August 27, 2020
Amendment of the Income Tax Incentives Implementation for Investors in Certain Industries and/or Regions
On July 27, 2020, the Minister of Finance (the “Minister”) amended the implementing regulation of Government Regulation No. 78 of 2019 (“GR 78”), namely, the Minister Regulation No. 96/PMK.01/2020 of…
August 13, 2020
Updates on Tax Incentives for Businesses Affected by COVID-19
Not long after the Minister of Finance Regulation No. 23/PMK.03/2020 dated March 23, 2020 on Tax Incentives for Taxpayers Affected by the Coronavirus Outbreak (“MOF Regulation 23”) was issued, the…
July 20, 2020
Tax Incentives for Gross-Split Production Sharing Contracts in Oil and Gas Sector
On June 16, 2020, the Minister of Finance (the “MOF”) issued Regulation No. 67/PMK.03/2020 of 2020 on Provision of the Incentives of Value-Added Tax or Value-Added Tax and Luxury-Goods Sales Tax, and…
July 10, 2020
Income Tax Reduction for Eligible Public Companies Re-Regulated
On June 19, 2020, the Government issued Government Regulation No. 30 of 2020 dated June 19, 2020 on the Reduction of Income Tax Fee for Domestic Corporate Taxpayers in the Form of Public Companies…
July 9, 2020
VAT Over Use of Imported Digital Products and Services-Further Regulation
The awaited the Director General of Taxation (“DGT”) regulation on the value added tax (“VAT”) on imported digital products and services was issued on June 25, 2020. This is the DGT Regulation No.…
July 8, 2020
DKI Jakarta PSBB Transition Period Extended; Workplaces Guidance
On July 2, 2020, with the issuance of Governor of DKI Jakarta Decree No. 647 of 2020 on Extension of Enforcement, Phase, and Implementation of Large-Scale Social Restrictions Activities at Transition…
June 29, 2020
A New Regulatory Framework for Indonesia’s E-Commerce Sector: Licensing Requirement and Threshold of Foreign E-commerce Business
Recognizing the rapid development of e-commerce sector in Indonesia, the Indonesian Government issued the Government Regulation No. 80 of 2019 on Trading through Electronic System (“GR 80/2019”) on…
June 5, 2020
Supervision of Food and Drugs Distributed Online
The National Agency of Drug and Food Control (Badan Pengawas Obat dan Makanan or “BPOM”) issued its Regulation No. 8 of 2020 dated April 7, 2020 on the Supervision of Drugs and Food Distributed…
June 3, 2020
OJK Issues New Regulations on General Meeting of Shareholders using Conventional and Electronic Means
On April 21, 2020, the Indonesia Financial Service Authority (Otoritas Jasa Keuangan or “OJK”) issued 2 (two) new regulations in relation to the General Meeting of Shareholders for Public Companies…
May 29, 2020
E-Signature in the COVID-19 Crisis: Adapting to the (Not So) New Normal
As the COVID-19 pandemic forces people to adopt homeworking and physical distancing, digital transformation is no longer a mere option. In the past few months, we have witnessed how most businesses…