The Financial Services Authority (Otoritas Jasa Keuangan or OJK) has highlighted the pressing need to establish bullion business operations in Indonesia. This initiative is in line with the mandate outlined in Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector...

President Prabowo Subianto has announced an average 6.5% increase in Indonesia's minimum wage for 2025. This decision reflects careful consideration of business conditions and the needs of the population. The directive is formalized in Minister of Manpower Regulation No. 16 of 2024 on the Determination of the 2025 Minimum Wage...

Product registration at the Directorate General of Intellectual Property (DJKI) of the Ministry of Law is a crucial step in protecting the Intellectual Property Rights owned by individuals or companies. Intellectual Property Rights represent the protection of Intellectual Property through legal instruments...

In today's rapidly evolving and competitive business landscape, mergers and acquisitions (M&A) and consolidation have become increasingly prevalent across various industries. These strategic corporate actions enable companies to broaden their market presence, access new technologies, or achieve greater operational efficiencies. However, despite the clear benefits,...

The Domestic Component Level ("TKDN") policy is one of the Indonesian government's strategies to promote national industrial growth, enhance economic self-reliance, and attract sustainable investment. TKDN has become a mandatory requirement for business actors, especially foreign investors, to support the use of domestic goods and services in all their business activities...

As Chinese companies continue to expand in the Indonesian market, proper tax filing is not only a legal requirement but also a crucial aspect of ensuring smooth and stable business operations. In Indonesia, the annual tax filing (SPT, Surat Pemberitahuan Tahunan) is a legal obligation that all taxpayers...

The government, through Minister of Finance Sri Mulyani Indrawati, has issued an Anti-Dumping Duty ("BMAD") policy on imported ceramic tile products from China. This policy is outlined in the Minister of Finance Regulation ("PMK") Number 70 of 2024, effective as of October 14, 2024, and will be enforced for the next five years...

Indonesia's employment law landscape has recently undergone significant changes due to the Constitutional Court's latest ruling, Number 168/PUU-XXI/2023, on the Omnibus Job Creation Law, issued on October 15, 2024 ("Constitutional Court"). Originally enacted on November 2, 2020, the Job Creation Law was designed to simplify Indonesia's regulatory environment, stimulate economic growth, and attract foreign investment...

Private placement is a strategic method for Indonesian companies to raise capital by offering securities directly to selected investors, bypassing a public offering. Governed by the Capital Market Law and regulations from the Financial Services Authority (Otoritas Jasa Keuangan or OJK), private placement has become a popular fundraising option due...

In recent years, Indonesia has become one of the top investment destinations for foreign companies, including major corporations from China. As the largest economy in Southeast Asia, Indonesia offers tremendous potential across various sectors, from infrastructure and energy to manufacturing. However, while these opportunities are highly attractive...

In order to achieve better environmental responsibility in the mining sector, the Indonesian government has implemented strict regulations regarding reclamation and post-mining guarantees, clearly outlined in Article 100 of Law No. 3 of 2020 on Mineral and Coal Mining...

As a rapidly growing economy, Indonesia is accelerating its efforts to attract foreign direct investment to boost infrastructure development and economic growth. The tax holiday policy is one of the key incentives the Indonesian government offers to foreign enterprises...

The Ministry of Energy and Mineral Resources (MEMR) plays a crucial role in guiding and overseeing the prioritization of the utilization of domestic goods and services in the effort to provide electricity. Recently, the MEMR issued a policy, namely MEMR Regulation No. 11 of 2024 on the Use of Domestic Products for the Development of Electricity Infrastructure (Permen 11/2024)...

According to the 2024 U.S. Geological Survey report, the world's nickel resources are estimated to exceed 350 million tons, with global mine production projected to increase from 3.27 million tons in 2022 to 3.6 million tons in 2023. This reinforces the notion that nickel is becoming one of the most strategic metal commodities amid the global shift towards a more environmentally sustainable economy...

Indonesian National Standards (Standar Nasional Indonesia or SNI), as stipulated in Article 20 paragraph (2) of Government Regulation No. 34, can be applied to goods traded or distributed, services provided, processes or systems implemented, and personnel involved in specific activities...

In Indonesia, businesses with an annual revenue of IDR 4.8 billion or more are required to register for Value-Added Tax (VAT). For investors unfamiliar with local regulations, understanding Indonesia's VAT system can be somewhat complex. However, for Chinese investors...

Freedom of contract or the freedom to make an agreement, is a fundamental principle in civil law that grants parties the right to determine the content, form, and terms of an agreement. In Indonesia, this principle is enshrined in Article 1338 of the Indonesian Civil Code, which states that any agreement made legally is binding as law for the parties who make it...

In Indonesia, financial auditing is strictly carried out under the Financial Accounting Standards (PSAK) set by the Indonesian Financial Accounting Standards Board (DSAK). Auditing for Islamic enterprises follows standards established by the Indonesian Islamic Accountants Association (DSASIAI)...