Pursuant to the Indonesian Financial Accounting Standards ("PSAK No. 201/2022"), financial statements serve as a structured presentation of an entity's financial position and financial performance. The obligation to prepare and present financial statements is further emphasized...

The Indonesian government, through the Ministry of Energy and Mineral Resources (MEMR), continues to strive to accelerate the energy transition to achieve its Net Zero Emission target by 2060. One of the latest steps is the issuance of MEMR Regulation No. 5 of 2025 on the Guidelines for Power Purchase Agreements (PPA) from Power Plants Using Renewable Energy Sources...

Cryptocurrency, or digital currency, has transformed the global financial system. Built on blockchain technology, cryptocurrencies like Bitcoin and Ethereum enable secure, decentralized transactions. A vital aspect of this ecosystem is cryptocurrency mining-the process of verifying blockchain transactions while earning crypto rewards...

The Value Added Tax (VAT) rate in Indonesia will increase from the current 11% to 12%, effective January 1, 2025. This policy is part of the government's strategy to support the implementation of Law No. 7 of 2024 on the Harmonization of Tax Regulations (UU HPP), designed with consideration for vulnerable groups in society. ..

As the U.S continues to tighten its trade policies toward China, including plans to raise tariffs on some Chinese goods to as high as 145% many global manufacturers are actively rethinking their supply chain strategies...

Indonesia remains an attractive investment destination for foreign investors. To support the investment climate, the government provides the Limited Stay Visa for Foreign Investment (Index E28A), which allows foreign investors to reside and conduct business in Indonesia for 2 (two) years...

Set amidst the verdant mountains of North Sumatra, the AEK SILANG II Hydropower Station is more than just an infrastructure achievement-it is a powerful testament to sustainable development and the growing confidence of Chinese private enterprises investing abroad. Developed by PT. Bakara Energi Lestari and backed by Henan Tianyuan Industrial Group...

At the beginning of 2025, the Minister of Public Works of the Republic of Indonesia issued Ministerial Decree No. 1/SE/M/2025 regarding the Guidelines for Business Entity Certification Services for Certification Institutions in the Construction Services Sector That Cannot Operate Due to License Status...

The Religious Holiday Allowance (THR) is a mandatory entitlement for employees and must be provided by employers in accordance with Article 1 of the Regulation of the Minister of Manpower No. 6 of 2016 on Religious Holiday Allowance for...

Thursday, March 6, 2025 – BIAMC, a leading force in advancing arbitration and alternative dispute resolution in Indonesia, proudly partnered with one of Indonesia’s most distinguished legal figures, Prof. Dr. OC Kaligis, to deliver a highly anticipated hybrid course

Indonesia officially launched international carbon trading through the Indonesia Carbon Exchange (IDXCarbon) as part of its commitment to achieving the Net Zero Emission target by 2060. This milestone demonstrates the government's strong dedication to supporting the green energy transition while expanding investment opportunities...

In this digital era, technology has influenced almost all aspects of life, including taxation. One of the innovations that is being implemented in Indonesia is the new tax administration system: Core Tax. This system aims to improve tax administration efficiency,..

In the realm of taxation, tax restitution refers to the refund of overpaid taxes to taxpayers, which can occur for several reasons. Tax restitution is the return of excess tax payments made by taxpayers to the government. This situation may arise if a taxpayer has paid extra..

Starting in 2025, Indonesia introduced an important change to its Value Added Tax (VAT) system by increasing the rate from 11% to 12%. This move aims to boost government revenue, especially as the country seeks to finance large-scale infrastructure projects and public services...

The Indonesian government continues to demonstrate a strong commitment to accelerating the fulfillment of adequate housing needs for its citizens, particularly through the Three Million Homes Development Program. This effort is realized through the Joint Decree of the Minister of Housing and Residential Areas...

Jakarta (ANTARA) - The Indonesian government is set to draft a more detailed and comprehensive regulation on the use and control of artificial intelligence (AI). During a meeting in his office in Jakarta on Monday (January 6)

Recently, the Ministry of Marine Affairs and Fisheries Republic of Indonesia ("KKP") has urged operators involved in marine spatial activities to obtain the Conformity of Marine Spatial Utilization Activities (Kesesuaian Kegiatan Pemanfaatan Ruang Laut or "KKPRL") permit. KKPRL refers to the alignment between the proposed marine activities and...

On January 15, 2025, the Indonesian legal profession witnessed a moment of quiet signicance. In a formal ceremony held by Schinder Law Firm, Prof. Otto Cornelis Kaligis, celebrated as the "Godfather of Indonesian Law," was ocially welcomed as Senior Advisor...