Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia The Omnibus Law revises various provisions … Indonesia Omnibus Law – Changes to the Halal Products Law
Indonesia’s Minister of Finance (“MOF“) recently issued a regulation on the imposition of value-added tax (“VAT“) on intangible taxable goods and services, including digital goods and services, from foreign technology companies that are utilized in Indonesia. These new rules on VAT are contained in MOF Regulation No. 48/PMK.03/2020 regarding Procedures for the Appointment of Collectors … Indonesian Government Imposes VAT on Imported Digital Goods and Services
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
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 Indonesian Minister of Finance (MOF) has issued a regulation that imposes 0% Value Added Tax (VAT) on the export of certain domestically produced services in Indonesia, including legal consultation services. MOF Regulation No. 32/PMK.010/2019 regarding the Limitation of Activities and Types of Taxable Services for Export Subject to Value Added Tax (MOF Reg 32) … Indonesia Imposes 0% Value Added Tax for the Export of Certain Services
Indonesia’s House of Representatives (Dewan Perwakilan Rakyat or “DPR”) recently passed into law the trade bill. The new Trade Law is still awaiting the signature of the President. There are several points of the new Trade Law in particular that should be highlighted and could affect companies in Indonesia. These points are related to (i) … New Indonesian Trade Law and Its Effect on Business
The Indonesian Ministry of Trade (MOT) issued a new regulation on September 21, 2012, amending some of the provisions on the Importer Identification Number (API). The new regulation, MOT Regulation No. 59/M-DAG/PER/9/2012 (MOT Reg 59), amends MOT Regulation No. 27/M-DAG/PER/5/2012 regarding Provisions on Importer Identification Number (MOT Reg 27). Below is a look at the … Indonesia Import Regulation Update: MOT Reg No. 59
