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ARTICLE · 22 NOVEMBER 2022

Indonesia Quarterly Regulatory Update May – September 2022

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We provide herein the executive summary of 19 newly enacted regulations in Indonesia issued between May and September 2022.

IndonesiaFinance and Banking
Marshall Situmorang
Marshall Situmorang
Audria Putri
Audria Putri
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We provide herein the executive summary of 19 newly enacted regulations in Indonesia issued between May and September 2022

Trade
No No Regulation Summary
1.

Minister of Trade Regulation No. 25 of 2022 on Amendment to Minister of Trade Regulation No. 20 of 2021 on Policies and Regulations on Imports ("MoT Reg. 25/2022")

Enforcement Date:

24 May 2022
  • Under MoT Reg. 25/2022, Importers shall apply through Indonesia's National Single Window System ("SINSW") to obtain a business license for import activities issued by the Ministry of Trade.
  • MoT Reg. 25/2022 also stipulates that before any import activity take place, an Importer is required to submit a commitment statement for the issuance of the business license in the form of an import approval. Please note that any Importer who has secured the business license is still required to submit the commitment statement

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