Foreign Employees and Termination Benefits in Indonesia Supreme Court Circular Letter No. 1 of 2017 offers legal certainty that foreigners can solely be employed in Indonesia underneath a fixed-term employment agreement for the interval of their work permit. SEMA No. 1 eliminates any possible future claims that overseas workers are everlasting staff and thus take pleasure in statutory termination advantages underneath the Manpower Law. Coal Prices for Domestic Power Producers in Indonesia With international coal prices rising, the federal government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to manage the availability of coal for home power producers. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation offers more enticing company income tax discount services for traders.
- 42 apply to upstream and downstream oil and gas corporations, IUPTL holders and IPB holders.
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- Indonesian Omnibus Bill – Changes to Labor-Related Sectors The Indonesian House of Representatives recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill”).
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New Indonesian Manpower Regulation Changes Rules for Foreign Workers The Indonesian Ministry of Manpower has issued MOM Regulation Number 10 of 2018 on Procedures for the Utilization of Foreign Workers. PLN re-opens Prequalification Process for Indonesian Renewable Projects Indonesia’s State-owned energy utility, PT PLN has invited renewable builders to submit functions to be included on the List of renewable initiatives. Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the most recent news in your sector. Book an appointment with us, or search the directory to find the proper lawyer for you directly through the app.
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This new regulation removes the provision which allowed holders of Producer Importer Identification Numbers to import sure industrial/finished goods. Regulating E-Commerce for a Digital Future Business actors in Indonesia usually raise the query whether there are any Indonesian legal restrictions on digitalising their businesses by way of web sites or cellular functions. There isn’t any specific Government of Indonesia legislation or regulation that offers with e-commerce activities in any depth or detail. Indonesia’s worldwide investment policy has been within the spotlight because the Government of Indonesia conveyed in 2014 its intention to terminate all of its existing bilateral funding treaties. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian government first introduced a solar energy regulatory regime which required the government to publish solar energy quota allocations for numerous parts of Indonesia.
Among the major changes from earlier regulations is an increase in most overseas ownership ranges in a quantity of key industries, including the well being sector. Discrimination Law and Equality in Indonesia Indonesia does not have an overarching anti-discrimination legislation; rather, a patchwork of laws and sector-specific rules prohibit discrimination and encourage equality. Given the context of Indonesia’s positive aspects in its equality rankings, this update provides an summary of the relevant legal guidelines.
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Companies, contractors, people, banks, real estate house owners, governmental bodies; or any combination thereof may be parties to commercial mediation. Bank Indonesia Regulations on Foreign Exchange Transactions Bank Indonesia recently issued a quantity of laws associated to international change transactions by Indonesian banks. These regulations update current rules issued by BI with the goal of creating a wholesome international change market in Indonesia, as is explained in this brief summary. New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has released the long-awaited New Negative Investment List, issued under Presidential Regulation No. 39 of 2014.
Investing in Indonesia’s Advertising and Marketing Sector Foreign parties that wish to invest in Indonesia immediately should comply with the rules for FDI in the related enterprise sector. For the promoting and advertising sector, worldwide entities are subject to a bunch of laws including limitations to international investment mandated by the Negative Investment List. Indonesian Omnibus Bill – Changes to Labor-Related Sectors The Indonesian House of Representatives recently handed the Omnibus Bill on Job Creation (the “Omnibus Bill”).
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What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government recently issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016). The Tax Amnesty Law eliminates the principal tax debt and administrative sanctions in addition to providing no-examination of tax crimes. New Regulation on Purchase of Electric Power from Biomass and Biogas Power Plants On 4th August 2016, Ministry of Energy and Mineral Resources Regulation No. 21 of 2016 on the Purchase of Electric Power from Biomass and Biogas Power Plants was enacted. Business entities aspiring to develop and function biomass and biogas energy crops should first secure a stipulation as the developer of a biomass and biogas energy plant. A Look at New Requirements for Pharmaceutical/Healthcare Companies on Sponsorship On 8th November 2016, the Minister of Health issued Regulation No. 58 of 2016 on Sponsorship for Healthcare Professionals (“Regulation fifty eight”), which took effect on twenty ninth November 2016.