News andUpdates
News and Updates
September 14, 2020
DKI Jakarta Re-Imposes Stricted PSBB After Record Of COVID-19 Infections Rise In Cases; Health Protocols In Workplaces
Since June 2020, DKI Jakarta has implemented the transitional phases of the implementation of Large-Scale Social Restrictions Pembatasan Sosial Berskala Besar – THE “PSBB”) by easing the restrictions…
September 11, 2020
Bank Indonesia Loosens the Mandatory Fulfilment of Giro Reserve Requirements in Rupiah
On May 1, 2020, Bank Indonesia amended the provisions of mandatory fulfilment of Giro Reserve Requirements (Giro Wajib Minimum — the “GWM”) in Rupiah for Conventional Commercial Banks (Bank Umum…
September 11, 2020
Government to Grant Subsidy for Workers Affected by COVID-19
Amidst the COVID-19 pandemic, the Minister of Manpower (the “Minister”) issued the Minister Regulation No. 14 of 2020 dated August 14, 2020 on the Guidelines for the Granting of Government Support in…
September 10, 2020
Government Relaxes Premia for Manpower Social Security Programs During COVID-19
As an attempt to ensure the continuity of businesses during the Covid-19 pandemic, the Government relaxes the payment of premia for the Manpower Social Security Programs with the issuance of…
September 8, 2020
Minister of Energy and Mineral Resources Sets Ground Rules on Battery Electric Vehicle Charging Infrastructure
Following the Government’s program to accelerate the adoption of battery based electric vehicle in Indonesia under President Regulation No. 55 of 2019 on the Acceleration of Battery Electric Vehicle…
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.…