The Indonesian Government issued Presidential Regulation No. 20 in 2018, which led to the integration of the Indonesian immigration and work permit application systems into the TKA Online system, which was officially launched in early November 2018.
SSEK’s Stephen Igor Warokka and Angky Banggaditya were part of a delegation from various chambers of commerce and non-chamber business associations who met with officials from Indonesia’s Ministry of Manpower to discuss the draft MoM decree listing the positions that can be held by expatriate employees.
Indonesia’s Minister of Energy and Mineral Resources has issued two regulations on the management of oil and natural gas working areas with expiring Production Sharing Contracts. What do they say about who gets priority to manage such working areas?
SSEK's Rusmaini Lenggogeni was interviewed for Indonesia Investments’ new research report. Rusmaini discusses the taxes foreign investors in Indonesia should be aware of, taxes for foreigners working or living here, and common tax mistakes made by companies and individuals in Indonesia, among other topics.
Under a proposed amendment to the DNI, the government has indicated that foreign private universities will be open to 67% foreign capital investment and may be open to 100% foreign capital investment if the university is established in a SEZ, and it seems likely the DNI rules for foreign hospitals will also be relaxed.
Prompted by the disparity in the tax treatment between traditional retail activities and e-commerce, Indonesia’s Minister of Finance has issued a regulation to provide further clarity with regard to the tax treatment of e-commerce business players.
Bank Indonesia has issued a regulation on the reporting of foreign exchange activities that introduces several changes from the previous regulation, particularly related to the scope of LLD reports, the submission and correction of reports, and reporting supervision and administrative sanctions.
The Government of Indonesia has issued a regulation, GR 1/2019, that requires foreign exchange export proceeds deriving from natural resources to be deposited in special accounts in Indonesian foreign exchange banks.
SSEK managing partner Denny Rahmansyah is featured in an article on the Indonesian economy and legal market in the new edition of Asian Legal Business (ALB). The article, “Intriguing Indonesia,” looks at the trends over the past 12 months and what we can expect in 2019.