With the stated aim of supporting the national economy and expanding work opportunities through increased investment, the Indonesian Government issued Presidential Regulation No. 20 of 2018 (“PR 20“) regarding the Utilization of Expatriate Manpower on March 26, 2018, revoking PR No. 72 of 2014. The enactment of PR 20 led to the integration of the … Expatriate Work Permit and Immigration Updates for Indonesia
With the increasing number of Production Sharing Contracts (“PSCs“) that will expire in the coming years, discussion of PSC extensions and who has the right to operate expiring PSCs becomes unavoidable. In this regard, Indonesia’s Minister of Energy and Mineral Resources (“MEMR“) first issued MEMR Regulation No. 15 of 2015 regarding Management of Oil and … Does Recent Supreme Court Decision Give Pertamina Priority Over Expiring PSCs in Indonesia?
The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM“), Thomas Lembong, said on February 13, 2019, that the government was considering changes to the foreign capital investment rules for foreign universities and hospitals. According to Lembong, the changes being considered would open the way for foreign universities to open campuses … Indonesia Considers Opening Investment Opportunities for Foreign Universities and Hospitals
Prompted by the disparity in the tax treatment between traditional retail activities and e-commerce, on December 31, 2018, Indonesia’s Minister of Finance (“MOF”) issued MOF Regulation No. 210/PMK.010/2018 regarding the Tax Treatment of E-Commerce (“MOF Regulation 210”). MOF Regulation 210 purports to provide further clarity with regard to Value Added Tax (“VAT”), luxury goods tax, … New Regulation Requires Taxes for E-Commerce Players in Indonesia
Indonesia’s central bank, Bank Indonesia (“BI”), has issued BI Regulation Number 21/2/PBI/2019 concerning the Reporting of Foreign Exchange Activities (“Regulation 2/2019”). This new regulation introduces several changes from the previous regulation on said activities, BI Regulation Number 16/22/PBI/2014 on the Reporting of Foreign Exchange Activities and the Reporting of Prudential Principles Activities in the Management … Indonesian Central Bank Issues Regulation on Reporting of Foreign Exchange Activities
On January 10, 2019, the Government of Indonesia (GOI) issued Government Regulation No. 1 of 2019 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (GR 1/2019). In essence, GR 1/2019 requires that foreign exchange export proceeds deriving from natural resources (DHE SDA) be deposited in special accounts (Special DHE … New Limitation on the Foreign Exchange Proceeds from the Export of Natural Resources
The Indonesian Minister of Communication and Informatics (“MOCI“) has issued a regulation that principally governs (i) the certification of telecommunications equipment and devices following the implementation of one-door licensing through the Online Single Submission (“OSS“) system, and (ii) product labelling requirements. MOCI Regulation No. 16 of 2018 regarding Operational Provisions for the Certification of Telecommunications … New Regulation on the Certification and Labeling of Telecommunications Equipment and Devices in Indonesia
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution, including the scope, procedure, results and consequences of such reassessment. OJK Regulation No. 34/POJK.03/2018 regarding Fit and Proper Test Reassessment for the … Indonesia’s OJK Issues Regulation on Fit and Proper Test Reassessment
The Indonesian government has issued rules for rooftop photovoltaic (PV) systems. Minister of Energy and Mineral Resources (MEMR) Regulation No. 49 of 2018 regarding the Utilization of Rooftop Solar Power Systems by Customers of PT Perusahaan Listrik Negara (Persero) (MEMR Regulation 49/2018) governs the general requirements and procedures for the installation of rooftop PV systems … Indonesian Energy Ministry Issues Regulation on Rooftop Solar Power Systems
By Indrawan Dwi Yuriutomo and Vicky Karnadi The Indonesian Supreme Court (Mahkamah Agung) held a plenary meeting from November 1 – 3, 2018 in Bandung, in West Java province. The results of this meeting were rendered into Circular of the Supreme Court No. 3 of 2018 dated November 16, 2018 regarding Guidelines for the Role … Are Judicial Reviews for Industrial Relations Disputes Allowed Under New Rules?
