Technological Innovation in Indonesia: A Focus on Electronic Land Certificates and Data Management
Feb 09, 2024
As technological advancements progress, Indonesia is also making significant strides in various sectors, particularly in the realm of data management. On December 4, 2023, President Joko Widodo officially introduced and distributed electronic land certificates ("e-certificates") nationwide at the State Palace in Jakarta. E-certificates are digital documents issued through an electronic system. They encompass information created...
Exploring the Ideal Boarding School: A Guide for Parents
Jan 26, 2024
Are you in the process of finding the perfect boarding school for your child? The United Kingdom stands out as one of the world's most sought-after destinations for higher education, boasting an annual enrollment of over 500,000 international students. When embarking on the journey to find the right boarding school, location takes center stage. Proximity to close family members or guardians is often a key consideration, making it essential to strike a balance between accessibility and connection. Exploring options with good transport...
Digital Trading Dynamics: How Trading Through Electronic Systems Implicates E-Commerce Businesses
Jan 24, 2024
The Ministry of Trade ("MoT") has implemented a revision of MoT Regulation No.50 of 2020 to enhance the protection of domestic business actors, specifically in the e-commerce sector. MoT Regulation No.31 of 2023 ("MoTR No.31 of 2023") came into effect on 26 September 2023, regulating Business Licensing, Advertising, Development, and Supervision of Business Activities in Trading Through Electronic Systems...
LKPM Reporting Transparency Commitment: A Reminder for Capital Investment Companies
Jan 09, 2024
Complying with the rules is certainly one for the main factors of upholding a conducive and efficient climate of capital investment. In Indonesia, whether you are an individual or business entity running an investment company ("investors"), foreign or domestic, in making capital investments in Indonesia there are certain obligations and procedures that one must follow. One of which is stipulated in...
Unlocking Indonesia's Mining Potential: Understanding Divestment Regulations
Jan 02, 2024
Indonesia is renowned for its abundant mineral and coal resources, making it a formidable player in the global mining industry. The nation's diverse geological landscape hosts extensive reserves of coal, minerals, and metals, contributing significantly to both domestic energy production and export revenues. With one of the world's largest coal reserves, Indonesia has positioned itself as a crucial supplier of coal to nations across Asia, further...
The Duration of Fixed-Term Employment Contracts in The Omnibus Law: from 3 Years to 5 Years
Dec 27, 2023
Significant changes in Indonesian labor law occurred with the enactment of the Omnibus Law in 2023, Law No.6 of 2023. One of the notable changes pertains to the provisions regarding Fixed-Term Employment Contracts (known as Perjanjian Kerja Waktu Tertentu (PKWT) in Indonesia), which previously PKWT had a maximum duration of 3 years. However, under the Omnibus Law and Government Regulation No. 35 of 2021 concerning...
Unlocking Indonesia: The Golden Visa for Global Investors
Dec 20, 2023
According to the OECD's definition, Residency by Investment and Citizenship by Investment schemes, often referred to as 'Golden Visa' and 'Golden Passport', are policies implemented by a country to grant residency or citizenship to foreign nationals through investment or by paying certain fees. In 2022, it is estimated that more than 60 countries have implemented such investment-based residency and citizenship...
Issuance of PMK 96/2023: Safeguarding SMEs and Reducing Consumer Imports
Dec 06, 2023
On October 13, 2023, the Ministry of Finance of Indonesia issued Regulation No.96 of 2023 concerning Customs, Excise, and Tax Provisions on the Import and Export of Consignment Goods ("PMK 96/2023"), which effective from October 17, 2023. The issuance of PMK 96/2023 is a vital part of the Ministry of Finance's efforts to enhance its services by providing legal certainty and clear regulations regarding customs, excise, and tax provisions for...
Branch NPWP Abolished Starting January 2024
Nov 22, 2023
Starting on 1 January 2024, the Branch Taxpayer Identification Number (NPWP Cabang) will be abolished, and according to Minister of Finance Regulation No. 112/PMK.03/2022 regarding NPWP for Individual Taxpayers, Corporate Taxpayers, and Government Institution Taxpayers (PMK 112/2022), the Branch NPWP will be replaced by the Identification Number of Business Activity (Nomor Identitas Tempat Kegiatan Usaha or NITKU).
Strategic VAT Subsidies: Accelerating Domestic Component Level in Indonesia's EVs
Nov 15, 2023
The Domestic Component Level (Tingkat Komponen Dalam Negeri or TKDN) certification has become an essential element in the progress of industries in Indonesia. Business actors must take a crucial step of securing government assistance for TKDN certification. TKDN, represents the proportion of domestically produced components' value. This concept encompasses a wide array of products, spanning both goods and services, along...