SSEK Law Firm partner Stephen I. Warokka and Mutiara K. Ramadhani, an associate at the firm, have contributed the Indonesia chapter to the Chambers Shipping 2024 global guide. The guide provides the latest information on port state control, marine casualties and owners’ liability, cargo claims, maritime liens and ship arrests, passenger claims, ship-owners’ income tax … Shipping Law – Indonesia
On December 11, 2023, the Indonesian Minister of Trade (“MoT”) issued a new regulation that introduces substantial changes to import policies and arrangements, with the stated aim of clarifying and improving import procedures in Indonesia. The new regulation, MoT Regulation No. 36 of 2023 on Import Policies and Arrangements (“Regulation 36/2023”), is effective as of … New Indonesia Trade Regulation on Import Policies and Arrangements: A Simplification or Mere Clarification?
The issuance of Indonesia’s Job Creation Law (Law Number 11 of 2020) and the New Investment List eased foreign investment restrictions for businesses across the country’s economy. For distributor businesses, the previous foreign ownership cap of 67% was removed to allow in principle 100% foreign capital, a loosening that could result in greater foreign investment … Easing of Foreign Investment Restrictions for Distribution Business in Indonesia
SSEK partner Stephen Igor Warokka took part in the recent webinar Legal Survey on Distribution in Indonesia. The webinar, which was geared toward Japanese companies, was hosted by the Indonesian Ministry of Investment/Indonesia Investment Coordinating Board (BKPM) and the Japan International Cooperation Agency (JICA). Also speaking at the event was a representative from the Japan-headquartered … SSEK Featured at Webinar on Foreign Investment in the Distribution Business in Indonesia
The Indonesian Ministry of Investment/Indonesia Investment Coordinating Board (BKPM) and the Japan International Cooperation Agency (JICA) are hosting a special webinar, Legal Survey on Distribution in Indonesia. About the webinar Under Indonesia’s new Investment Priority List issued in February of this year, distributor businesses that previously had a maximum foreign ownership of 67% can now … Webinar: Legal Survey on Distribution in Indonesia
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
There are certain restrictions on the importation into Indonesia of commercial goods, depending on the particular goods/products. For example, the importation of sugar requires a special licence and is only allowed for the purpose of use as a raw material to support the production process. This restriction was imposed to protect Indonesia’s domestic sugar industry. … Investing in Indonesia – Imports
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia The Omnibus Law revises various provisions … Indonesia Omnibus Law – Changes to the Halal Products Law
SSEK partner Dewi Savitri Reni (Vitri) contributed an article on Indonesia’s imposition of VAT on digital goods and services to the new issue of Asian-MENA Counsel magazine. Vitri looks at the new Indonesian Minister of Finance regulation on the collection, deposit and reporting of VAT for the use in Indonesia of intangible taxable goods and … SSEK Contributes Article on Indonesia’s Move to Tax Digital Goods and Services
Indonesia is set to tax tech companies that may or may not have a legal presence in the country, as electronic transactions and the use of streaming services and online telecom apps have increased notably during the COVID-19 pandemic. The legal basis for this measure is the recently enacted emergency bill Government Regulation in Lieu … Indonesia Targets Taxation of Tech Companies to Boost Economy Amid Covid-19
