In Indonesia, land is legally acquired upon the execution of a Sale Purchase Deed (AJB) by the seller and buyer, or a Land Relinquishment Deed (APH) in favor of the buyer. An AJB is used if the buyer wishes to acquire certificated title to the land of the same type as the seller\’s certificated title. … Real Estate in Indonesia – Registration and Recording
A new Government Regulation set to come into force on April 1, 2021, will introduce several changes that we view are meant to simplify the process for hiring expatriate workers in Indonesia and in turn attract greater investment into the country. The new regulation is Government Regulation No. 34 of 2021 regarding the Utilization of … New Regulation Looks to Ease Process of Hiring Foreign Workers in Indonesia
SSEK Legal Consultants has contributed the Indonesia section of the new Asia Employment Law: Quarterly Review of employment law developments across 15 jurisdictions in Asia. In this edition, experts from around Asia flag and comment on employment law developments during the fourth quarter of 2020 and highlight some of the major legislative, consultative, policy and … Employment Law Quarterly Update for Indonesia and Asia
Consumer lending is regulated in Indonesia, with a particular focus on information technology-based money lending services (peer-to-peer lending), as regulated under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. The OJK has the authority to regulate, register and issue licenses, as well as supervise the fintech … Fintech in Indonesia – Consumer Lending
The main taxes businesses in Indonesia are subject to are: Income tax Income tax is imposed on income received or obtained in one fiscal year. The corporate income tax rate is generally 25%. A 5% reduction applies to publicly listed companies that meet certain requirements. Value added tax (VAT) VAT is imposed on the delivery … Establishing a Business in Indonesia – Tax
Based on Indonesian laws and regulations, a website shall be regarded as an intellectual property of the system provider that has gathered the electronic information and documents to establish the website. In theory, a website owner has no IP rights over the content displayed by another provider. If one intends to insert a link to … E-commerce in Indonesia – Intellectual Property
Indonesia’s Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) has issued the long-awaited list of cryptoassets that can be traded in Indonesia. This list of approved cryptoassets is contained in Bappebti Regulation No. 7 of 2020 regarding the Stipulation of the List of Cryptoassets that Are Allowed to Be Traded in … Indonesia Issues Regulation Clearing Way for Trading of 229 Cryptoassets
There is a system for land title registration in Indonesia, and upon registration the land title holder will be issued the relevant land certificate. However, large areas of land that have not been registered and certificated still exist in many rural areas. The rights to this land are still governed by adat (customary) law. They … Real Estate in Indonesia – Land Records
Investment in Indonesia is subject to the Negative Investment List, or DNI. The current Negative Investment List was issued in 2016 through Presidential Regulation No. 44 of 2016 regarding the List of Business Fields that Are Closed and Business Fields that Are Conditionally Open for Investment. There are three types of business in the 2016 … Indonesia’s New Investment List – Summary of Draft Presidential Regulation
The Government of Indonesia recently passed a new Stamp Duty Law (Law No. 10 of 2020 on Stamp Duty), which came into effect on January 1, 2021. The new Stamp Duty Law revokes Law No. 13 of 1985 on Stamp Duty (“Law 13/1985“). The Stamp Duty Law regulates stamp duty, the one-time tax on certain … Indonesia Introduces New Stamp Duty Law
