Companies, contractors, individuals, banks, real property house owners, governmental bodies; or any mixture thereof may be parties to industrial mediation. Bank Indonesia Regulations on Foreign Exchange Transactions Bank Indonesia lately issued several rules related to foreign change transactions by Indonesian banks. These rules update present rules issued by BI with the objective of creating a healthy overseas trade market in Indonesia, as is defined in this temporary abstract. New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued underneath Presidential Regulation No. 39 of 2014.
What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government just lately 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 meaning to develop and operate biomass and biogas power vegetation must first secure a stipulation because 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 58”), which took effect on 29th November 2016.
Nliu Bhopal: Certificates Course On Competition Legislation
Foreign Employees and Termination Benefits in Indonesia Supreme Court Circular Letter No. 1 of 2017 provides legal certainty that foreigners can only be employed in Indonesia underneath a fixed-term employment agreement for the period of their work permit. SEMA No. 1 eliminates any possible future claims that international employees are everlasting workers and thus enjoy statutory termination benefits underneath the Manpower Law. Coal Prices for Domestic Power Producers in Indonesia With international coal costs rising, the government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to manage the provision of coal for home energy producers. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation provides more engaging company income tax discount facilities for traders.
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 often raise the query whether there are any Indonesian legal restrictions on digitalising their companies by way of websites or cell applications. There is no particular Government of Indonesia legislation or regulation that deals with e-commerce actions in any depth or element. Indonesia’s worldwide investment coverage has been in the spotlight since the Government of Indonesia conveyed in 2014 its intention to terminate all of its current bilateral funding treaties. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first introduced a solar energy regulatory regime which required the government to publish solar power quota allocations for numerous components of Indonesia.
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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 developers to submit applications to be included on the List of renewable projects. Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the most recent information on your sector. Book an appointment with us, or search the directory to find the right lawyer for you immediately via the app.
Among the main adjustments from earlier rules is an increase in most overseas possession levels in several key industries, including the health sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination law; somewhat, a patchwork of laws and sector-specific rules prohibit discrimination and encourage equality. Given the context of Indonesia’s features in its equality rankings, this update offers an overview of the relevant legal guidelines.