Legal And Tax Updates
Data Protection Rules and Principles in Indonesia Several obligations have to be fulfilled by digital system providers in Indonesia under MOCI Regulation No. 20 of 2016 to ensure that personal knowledge is processed properly. Indonesia Looks to Simplify Business Licensing With OSS System As a half of the push by the administration of President Joko Widodo to enhance the convenience of doing business in Indonesia and increase funding, the government has issued Government Regulation Number 24 of 2018 concerning Online Business Licensing Services . Background Checks Under Indonesian Employment Law Employers in Indonesia regularly perform background checks on candidates.
SSEK discusses the revised Negative Investment List, the impact of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. Establishing a Presence in Indonesia from Abroad The most typical option for an abroad company as a foreign investor to ascertain a presence in Indonesia is by organising a restricted legal responsibility firm (Perseroan Terbatas ) with overseas possession . New Presidential Regulation to Accelerate 35GW Power Generation Programme Through the current issue of Presidential Regulation No. 4 of 2016 on Acceleration of Power Infrastructure Development, Indonesia seems set to deal with the bottlenecks that have been holding again the progress of power generation tasks. General Meeting of Shareholders in Indonesia Limited legal responsibility companies in Indonesia must maintain an annual general assembly of shareholders at least six months after the tip of their financial 12 months.
As youthful individuals more and more embrace tattoos which perform as social statements and represent ideas and feelings, this brings about questio… Data protection impression evaluation required regardless of “Might of the StateR…Kenyan High Court Introduction On 14 October 2021, the Kenyan High Court declared the gathering of biometric info and the rollout of the count… Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking decision that captured the attention of the business group in stipulating that the Indonesian language must be utilized in business agreements with Indonesian companies and agencies. Regulation Curbs Power of Local Authorities in Indonesian Mining Sector The Indonesian authorities seems to be getting serious about stripping regents of the authority to problem mining licenses.
- Indonesia Relaxes Mandatory Employer Contributions to Manpower Social Security Programs Amid COVID-1 With COVID-19 infections not slowing within the country, the Government of Indonesia (“GOI”) has continued to concern rules aimed at preventing the pandemic and the economic downturn it has caused.
- Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the latest news on your sector.
- As worldwide organizations, overseas funding companies aren’t only required to adjust to the laws and rules of the country of origin of their parent firms but also with relevant laws and rules in Indonesia.
- BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On 28th October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. eight of 2016 (“Regulation eight”), which immediately went into effect.
Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing laws include Indonesia’s cabotage guidelines, requiring that domestic sea transportation be carried out by an Indonesian delivery firm using an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a significant change regarding the shareholding composition of insurance corporations. The Insurance Law mandates that the local shareholders in an insurance coverage firm have to be finally owned by Indonesian individuals.
Better Work Haiti: 4th Biannual Compliance Synthesis Report
The authorities took the primary steps on this direction with Minister of Energy and Mineral Resources Regulation No. 27 of 2013. Government to Issue Regulation to Re-order or Revoke IUPs For the past 5 years, the Ministry of Energy and Mineral Resources has sought to tidy up historic anomalies within the issuance of mining business permits . Against this background, it has been just lately floated in the media that the MEMR might soon issue a regulation to kind out problematic IUPs.
OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a number of circular letters as a stimulus policy package deal to minimise the detrimental effects of unstable international financial conditions on the insurance coverage and pension fund business sector. Restrictions on Contractors within the Indonesian Oil and Gas Sector There are numerous guidelines for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and fuel sector, together with those on the export of manufacturing, currency exchange and the transfer or disposal of growth rights. Government to Approve Corporate Actions in the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. forty two of 2017 which goals to improve the supervision of enterprise entities in the energy and mineral resources sector partly by closing regulatory gaps.
Nation Update: Business Arbitration In Indonesia
Indonesian Omnibus Bill – Changes to the Halal Products Law The Indonesian House of Representatives just lately passed the Omnibus Bill on Job Creation (the “Omnibus Bill”). The stated purpose of the Omnibus Bill is to bolster funding and create jobs by streamlining rules and simplifying the licensing process to improve the convenience of doing enterprise in Indonesia. Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources The Indonesian Government enacted Law No. eleven of 2020 relating to Jobs Creation (the “Omnibus Law”) on November 2, 2020. Indonesia Omnibus Bill – Potential Changes to the Immigration Law The Indonesian House of Representatives lately passed the Omnibus Bill on Job Creation (the “Omnibus Bill”). Indonesia Omnibus Law – Changes to the Shipping Law Hint at Smoother Sailing for Business ) Indonesian President Joko Widodo just lately signed Law No. 11 of 2020 on Jobs Creation (the “Omnibus Law”). Indonesia Omnibus Law and the Impact on Tax Laws The Indonesian Government just lately passed Law No. 11 of 2020 regarding Job Creation (the “Omnibus Law”).
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