Indonesia’s groundbreaking Omnibus Law (Law No. 11 of 2020 on Job Creation) amends a significant number of existing laws, one of which is Law No. 7 of 2014 on Trade (the “Trade Law“). Many of the amended provisions of the Trade Law are further regulated under a recently issued implementing regulation, Government Regulation No. 29 … Indonesia Omnibus Law Update – Amendments to the Trade Law
SSEK is the featured partner for Indonesia in fivehundred magazine’s special feature on Doing Business in a post-Covid-19 World. This special feature looks at the challenges and opportunities in-house counsel and law firms are facing when conducting business in 2021. It features Q&As and insights from managing partners and senior lawyers on how governments reacted to … Doing Business in a post-Covid-19 World – Indonesia
The main taxes businesses in Indonesia are subject to are: Income tax Income tax is imposed on income received or obtained in one fiscal year. The corporate income tax rate is generally 25%. A 5% reduction applies to publicly listed companies that meet certain requirements. Value added tax (VAT) VAT is imposed on the delivery … Establishing a Business in Indonesia – Tax
SSEK is collaborating with the American Chamber of Commerce in Indonesia (AmCham Indonesia) to offer a webinar on Indonesia’s New Investment List – What Businesses Should Know and Prepare For. This virtual event is scheduled for Friday, February 5, 2021, from 9:30 a.m. to 11 a.m. About the Webinar Investment in Indonesia is subject to … Webinar on Indonesia’s New Investment List with SSEK and AmCham Indonesia
Investment in Indonesia is subject to the Negative Investment List, or DNI. The current Negative Investment List was issued in 2016 through Presidential Regulation No. 44 of 2016 regarding the List of Business Fields that Are Closed and Business Fields that Are Conditionally Open for Investment. There are three types of business in the 2016 … Indonesia’s New Investment List – Summary of Draft Presidential Regulation
SSEK partners and foreign legal advisors have been recognized as Leading Lawyers across six practice areas in The Legal 500 Asia Pacific 2021 directory of outstanding lawyers and law firms in Indonesia and the region. SSEK’s Leading Lawyers in The Legal 500 Asia Pacific 2021 are: Dyah Soewito – Projects and Energy; Shipping Ira … SSEK Lawyers Highly Ranked for Indonesia in Legal 500 Directory of Leading Firms, Lawyers
The Government of Indonesia recently passed a new Stamp Duty Law (Law No. 10 of 2020 on Stamp Duty), which came into effect on January 1, 2021. The new Stamp Duty Law revokes Law No. 13 of 1985 on Stamp Duty (“Law 13/1985“). The Stamp Duty Law regulates stamp duty, the one-time tax on certain … Indonesia Introduces New Stamp Duty Law
SSEK is ranked as a Tier 1 firm across five practice areas in the newly released 2021 Legal 500 Asia Pacific directory of the leading law firms and lawyers in the region. These rankings underline SSEK’s position as one of the elite law firms in Indonesia. SSEK received a top-tier ranking for: Corporate and … SSEK Highly Ranked in Legal 500 2021 Guide to Leading Law Firms, Lawyers in Indonesia
Under the Indonesian Company Law, individuals capable of performing legal actions can be appointed as directors, except individuals who in the previous five years have been: Declared bankrupt. Members of a board of directors or board of commissioners found to be at fault in causing a company to be declared bankrupt. Sentenced for a … Establishing a Business in Indonesia – Directors and Board Composition
In Indonesia, the size, composition and procedures for the appointment, replacement and dismissal of the board of directors (BOD) and board of commissioners (BOC) are determined in the articles of association (AOA) of the company. Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law) only stipulates a minimum number of BOD and … Corporate Governance in Indonesia – Board Size and Composition
