The Government of Indonesia announced in December 2024 that Value Added Tax (“VAT”) would increase on January 1, 2025, as a follow-up of Law No. 7 of 2021 regarding the Harmonization of Taxation Regulations. As promised, on December 31, 2024, the Minister of Finance issue Regulation No. 131 of 2024 regarding the Treatment of Value-Added … Indonesia Tax Law: Imposition of 12% VAT
Indonesia’s Supreme Court on December 17, 2024, issued a circular letter that, among other things, addresses several significant tax-related issues and aims to promote consistency in Indonesia’s tax jurisprudence. Circular Letter of the Supreme Court of Indonesia No. 2/2024 (“SEMA No. 2/2024”) implements the results of a plenary meeting of the Chambers of the Supreme … Indonesia Legal Update: Clarification on Tax Disputes
SSEK Law Firm was named a Best Overall Firm at the Asia Business Law Journal (ABLJ) Indonesia Law Firm Awards 2024, one of eight awards for the firm. SSEK was recognized for the following: Best Overall Law Firms Compliance & Corporate Governance Data Compliance & Cybersecurity ESG Insurance & Reinsurance Labor & Employment Taxation … SSEK Wins 8 Awards Including Best Overall Firm at ABLJ Indonesia Law Firm Awards 2024
SSEK Law Firm has been recognized as one of the leading law firms in Indonesia in an impressive 19 industry sectors and practice areas in the Asialaw 2024 rankings of the top law firms and lawyers in Asia Pacific. SSEK was ranked as Outstanding, the highest tier, in four industry sectors and practice areas. SSEK … SSEK Recognized as Leading Firm for Indonesia in 2024 Asialaw Rankings
The Indonesian government has issued a new regulation that will, among other things, provide some tax relief for income from the placement of foreign export proceeds deriving from natural resources into the Indonesian financial system. Government Regulation No. 22 of 2024 (“GR 22/2024”) came into force on May 20, 2024. It amends Government Regulation No. … Indonesia Legal Update: Income Tax Relief for Foreign Export Proceeds Deriving from Natural Resources
The Indonesian Government has issued a regulation that provides guidance on the granting of incentives for Battery Electric Vehicles (“BEVs”) previously introduced in Presidential Regulation No. 55 of 2019 regarding the Acceleration of the Battery Electric Vehicles for Road Transportation Program, as amended by Presidential Regulation No. 79 of 2023 (“PR 55/2019 as amended”). Minister … Indonesia Legal Update: Incentives for Four-Wheeled Battery Electric Vehicles
SSEK Law Firm was named a Best Overall Firm at the Asia Business Law Journal (ABLJ) Indonesia Law Firm Awards 2023, one of nine awards for the firm. Best Overall Law Firm Corporate & Commercial Fintech Insurance & Reinsurance Labor & Employment Mergers & Acquisitions Real Estate Taxation Technology, Media & Telecoms SSEK managing … SSEK Wins 9 Awards Including Best Overall Firm at ABLJ Indonesia Law Firm Awards
SSEK Law Firm has been recognized as one of the leading law firms in Indonesia in an impressive 19 industry sectors and practice areas in the Asialaw 2023-24 rankings of the top law firms and lawyers in Asia Pacific. SSEK was ranked as Outstanding, the highest tier awarded, in four industry sectors and practice areas. … SSEK Named Outstanding Firm for Indonesia in New Asialaw Rankings
Indonesia’s Constitutional Court recently issued a decision on the reform of the Tax Court that will see authority over the organizational development, administration and financing of the Tax Court transferred from the Ministry of Finance to the Supreme Court. Constitutional Court decision No. 26/PUU-XXI/2023 was issued on May 3, 2023, but was only made public … Indonesia Tax Court Reform: Authority Over Tax Court Moves from Finance Ministry to Supreme Court
In response to the continued growth of the country’s e-commerce sector, the Indonesian government has implemented a mechanism to authorize and require foreign and domestic e-commerce providers to charge and collect value-added tax (“VAT”) on sales of digital goods and services to customers in Indonesia. The latest rules are set forth in Ministry of Finance … Indonesia Legal Update: Mechanism to Designate Foreign and Domestic E-Commerce Providers as VAT Collectors
