News andUpdates
News and Updates
March 21, 2024
Religious Holiday Allowance Payment in 2024
On March 15, 2024, the Minister of Manpower issued Circular Letter No. M/2/HK.04/III/2024 regarding Implementation of Religious Holiday Allowance for Workers in Companies (the “Circular Letter”). The…
March 21, 2024
Regulation on Import of Non-New Lithium Batteries and Non-Hazardous Waste
On December 11, 2023, the Minister of Trade (the “MOT”) issued Regulation No. 36 of 2023 on Import Policies and Arrangements which Regulation was supposed to be effective on March 10, 2024…
March 18, 2024
Government Issues Regulation to Accelerate the Development of National Game Industry
Following up on our previous Newsflash on Minister of Communications and Informatics No. 2 of 2024 dated January 24, 2024, on Classification of Games (AKSET Newsflash - New Regulation on…
February 26, 2024
New Regulation on Classification of Games
On January 24, 2024, the Minister of Communications and Informatics (the “MOCI”) enacted MOCI Regulation No. 2 of 2024 on Classification of Games (“Regulation 2/2024”). Regulation 2/2024 revokes the…
January 22, 2024
Increase of Alcoholic Beverage Excise Rates
Starting from January 1, 2024, the Minister of Finance (the “MOF”) has implemented an increment on excise rates for alcoholic beverages which was announced in the MOF Regulation No. 160 of 2023 dated…
January 15, 2024
New Basic Price Formula for Certain Types of Fuel Oil
On December 8, 2023, the Minister of Energy and Mineral Resources (the “MEMR”) issued Decree No. 439.K/MG.01/MEM.M/2023 of 2023 on the Basic Price Formula for Certain Types of Fuel Oil (“Decree…
January 15, 2024
Utilization of Biomass Fuel as Fuel Mixture in Steam Power Plants
To accelerate the achievement of renewable energy targets in the national energy, reducing greenhouse gas emissions, and encouraging economic development through the role of the community in the…
January 12, 2024
Effective Rates For Article 21 Income Tax
On December 27, 2023, the Government of Indonesia issued Regulation No. 58 of 2023 on Article 21 Income Tax Deduction Rates for Income arising from Works, Services, or Activities of Individual…
January 11, 2024
Enactment of Law on Second Amendment to EIT Law
This Newsflash is a continuation of our previous Newsflash with respect to the Second Amendment to Law No. 11 of 2008 on Electronic Information and Transactions as amended by Law No. 19 of 2016 (the…
January 3, 2024
Business Licensing for the Utilization of Wild Plants and Animals
On November 22, 2023, the Minister of Environment and Forestry (the “MOEF”) issued Regulation No. 15 of 2023 on Business Licensing on Utilization of Wild Plants and Animals (“Regulation 15”).…