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
As Indonesia moves toward formally relocating its capital from Jakarta to Nusantara, in Kalimantan, the government recently issued a regulation meant to ease the process of doing business in the new capital and encourage companies to invest in Nusantara. Government Regulation No. 12 of 2023 regarding Business Licensing, Ease of Doing Business, and Capital Investment … Indonesia’s Capital Idea: New Regulation Encourages Investment in Nusantara
In an effort to bolster international trade, the Government of Indonesia recently ratified two free trade agreements. It ratified the Regional Comprehensive Economic Partnership (“RCEP”) agreement with the enactment of Law No. 24 of 2022 regarding the Ratification of RCEP (“Law 24/2022”), and it ratified the Comprehensive Economic Partnership Agreement Between the Government of the … Indonesia Update: Preferential Tariffs Under the RCEP and IK-CEPA
As part of the “do you know” series from the Asian Business Law Institute (ABLI), SSEK partner Fransiscus Rodyanto and SSEK associate Putri Miqaila Ameena look at the Administrative and Tax Requirements of Contracts Under Indonesian Law. There is no obligation for parties to register their commercial contracts with the Indonesian government or any of its … Administrative and Tax Requirements of Contracts Under Indonesian Law
Rusmaini Lenggogeni, a supervising partner of SSEK Legal Consultants‚Äô tax and customs practice, will moderate an upcoming discussion on the Indonesia Tax Harmonization Law and its Impact on Business. The event is organized by the American Chamber of Commerce in Indonesia (AmCham Indonesia). AmCham Taxation Update: Tax Harmonization Law and its Impact on Business Date: … SSEK Partner to Moderate AmCham Taxation Update Discussion
The Indonesian Government recently introduced a new tax law, namely Law No. 7 of 2021 regarding the Harmonization of Taxation (“Taxation Harmonization Law‚Äù), which entered into force on October 29, 2021. The Taxation Harmonization Law is described as an ambitious tax overhaul. It amends numerous fundamental provisions of the previous taxation regime, including but not … Indonesia Sings New Tune With Tax Harmonization Law
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 ‚Äì Tax
