Indonesia is set to tax tech companies that may or may not have a legal presence in the country, as electronic transactions and the use of streaming services and online telecom apps have increased notably during the COVID-19 pandemic. The legal basis for this measure is the recently enacted emergency bill Government Regulation in Lieu … Indonesia Targets Taxation of Tech Companies to Boost Economy Amid Covid-19
By Ira A. Eddymurthy and Karisa Utami Pangaribuan The Indonesian Investment Coordinating Board (\"BKPM‚Äù) on April 1, 2020, issued BKPM Regulation No. 1 of 2020 regarding Guidelines for the Implementation of Electronic Integrated Licensing Services (\"BKPM Reg. 1/2020‚Äù). The BKPM issued this regulation as part of its authority to provide guidance on business licensing services … Indonesia Issues Guidance for Online Licensing Service
By Stephen Igor Warokka and Albertus Jonathan Sukardi The COVID-19 outbreak has forced most of us to adapt to new ways of working and doing business. We are attending online meetings instead of physical ones, webinars have replaced seminars, and we are e-filing whatever documents we can. Countries around the world have imposed physical distancing, … Electronic Signatures in Indonesia: New Focus on Not-So-New Innovation
Many businesses in Indonesia have been forced to temporarily cease their activities because of COVID-19. Some factories are still operating to ensure the continuation of production, while implementing certain restrictions to try and prevent the spread of COVID-19, but production volume is down and price inflation is a possibility. In response, Indonesia has taken measures … COVID-19: Indonesia Issues Regulations for Faster and Easier Import Licensing
The COVID-19 global pandemic has taken a toll on the Indonesian economy, underlining the need for financial institutions to have adequate liquidity in the face of uncertain times. In response, the Indonesian government issued Government Regulation in Lieu of Law No. 1 of 2020 on State Financial Policy for the Handling of COVID-19 and/or Other … Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19
The Indonesian Supreme Court has issued Circular Letter Number 1 of 2020, dated March 23, 2020, regarding Adjustment of the Working System for Judges and Court Apparatus in an Effort to Prevent the Spread of COVID-19 at the Supreme Court and Subordinate Courts (the “Circular Letter“). The Circular Letter gives courts the discretion to postpone … Indonesia Introduces Criminal Court Trials by Teleconference in Response to COVID-19
Since the first COVID-19 case was reported in Indonesia on March 2, 2020, the number of cases has expanded to around 4,839 as of April 14, 2020, with 459 deaths. A number of medical professionals in the country have contracted COVID-19, in part due to a lack of medical devices to diagnose, treat or prevent … Indonesian Government Relaxes Licensing Requirements for Medical Devices to Combat COVID-19
The Asia Pacific member firms of the Employment Law Alliance, including SSEK in Indonesia, have put together a set of FAQs to deal with some of the more common questions relating to Covid-19. The Covid-19 situation has brought about great uncertainty for the world. Employers have not been spared. It can be challenging to wade … Employment Law Alliance: FAQs on Covid-19
The COVID-19 global pandemic has caused significant disruptions to businesses globally. The rapid rate of transmission, the unchecked growth in the number of cases and the lack of a vaccine has forced governments around the world to implement policies that have disrupted business operations globally. In Jakarta, Governor Anies Baswedan declared a two-week state of … COVID-19 and Indonesia: Force Majeure and Other Considerations
The Government of Indonesia (GOI) has issued Government Regulation No. 3 of 2020 (GR 3), which amends Government Regulation No. 14 of 2018 regarding Foreign Ownership in Insurance-Related Companies (GR 14). GR 3 relaxes foreign ownership rules for insurance-related companies in Indonesia. Foreign Ownership for Insurance Companies Under GR 14 GR 14 limits foreign ownership … Indonesia Relaxes Foreign Ownership Rules for Insurance Companies
