Expertise: Tax Law

Indonesia Legal Update: Income Tax Relief for Foreign Export Proceeds Deriving from Natural Resources

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The Indonesian government has issued a new regulation that will, among other things, provide some tax relief for income from the placement of foreign export proceeds deriving from natural resources into the Indonesian financial system. Government Regulation No. 22 of 2024 (“GR 22/2024”) came into force on May 20, 2024. It amends Government Regulation No. … Indonesia Legal Update: Income Tax Relief for Foreign Export Proceeds Deriving from Natural Resources

Indonesia Legal Update: Incentives for Four-Wheeled Battery Electric Vehicles

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The Indonesian Government has issued a regulation that provides guidance on the granting of incentives for Battery Electric Vehicles (“BEVs”) previously introduced in Presidential Regulation No. 55 of 2019 regarding the Acceleration of the Battery Electric Vehicles for Road Transportation Program, as amended by Presidential Regulation No. 79 of 2023 (“PR 55/2019 as amended”). Minister … Indonesia Legal Update: Incentives for Four-Wheeled Battery Electric Vehicles

SSEK Wins 9 Awards Including Best Overall Firm at ABLJ Indonesia Law Firm Awards

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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

Indonesia Tax Court Reform: Authority Over Tax Court Moves from Finance Ministry to Supreme Court

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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

Indonesia Legal Update: Mechanism to Designate Foreign and Domestic E-Commerce Providers as VAT Collectors

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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

Indonesia’s Capital Idea: New Regulation Encourages Investment in Nusantara

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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

Indonesia Update: Preferential Tariffs Under the RCEP and IK-CEPA

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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

Administrative and Tax Requirements of Contracts Under Indonesian Law

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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

SSEK Partner to Moderate AmCham Taxation Update Discussion

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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