ArticleNew Bank Indonesia Regulation on Fund TransfersParties who process fund transfers without a fund transfer license will be liable to a fine or up to 3 years in prison.IndonesiaFinance and BankingMakarim & Taira S.
ArticleNew Regulation on Public Health InsuranceEnrollment in the Public Health Insurance program is compulsory for all citizens and will be carried out in stages.IndonesiaFood, Drugs, Healthcare, Life SciencesMakarim & Taira S.
ArticleRestriction on export of mining product continuesExporters must obtain a Registered Exporter for Processed and Purified Mining Products document (ET-Produk Pertambangan).IndonesiaInternational LawMakarim & Taira S.
ArticleFinal income tax for taxpayers with certain gross incomeRegulation No. 46 of 2013 regarding Income Tax for Taxpayers with Certain Gross Income came into force on 1 July 2013.IndonesiaTaxMakarim & Taira S.
ArticleShare buybacks - The second OJK RegulationThis regulation aims to reduce the impact of a fluctuating market by regulating share buybacks by public companies.IndonesiaFinance and BankingMakarim & Taira S.
ArticleBKPM - foreign investment policies updateBKPM (Indonesia Investment Coordinating Board) introduced several policies affecting new and existing foreign investors.IndonesiaGovernment, Public SectorMakarim & Taira S.
ArticleFurther Regulation of Food and Beverage FranchisesRegulation 07 specifically regulates the franchising partnerships of Food and Beverages Services Business Activities.IndonesiaFood, Drugs, Healthcare, Life SciencesMakarim & Taira S.
ArticleRegulations on Prices, Fees and Rupiah Payment Requirements Come into Effect It is an implementing regulation of Law Number 8 of 1999 on Consumer Protection. IndonesiaAntitrust/Competition LawMakarim & Taira S.
ArticleFurther amendment to Bank Indonesia on commercial bank daily reportsThis amends the scope of information to be submitted to Bank Indonesia and additional codes for exempted foreign loans.IndonesiaFinance and BankingMakarim & Taira S.
ArticleRe-entry permits for foreign citizens - new Circular LetterApplications for single trip re-entry permits are no longer accepted, but permits issued before the Circular Letter, are.IndonesiaImmigrationMakarim & Taira S.
ArticleBank Indonesia Sets A New Limit For Purchasing Foreign Currency (US$)In an attempt to assist the stabilization of the Indonesian currency, Bank Indonesia (BI) changed the limit of the maximum value of foreign currency (US$) purchased through a spot transaction which is done without a specific purpose...IndonesiaFinance and BankingMakarim & Taira S.
ArticleSettlement of land issues in forestry areasThe settlement of land issues in a forestry area will be handled by an IP4T Team formed by the mayor/regent or governor.IndonesiaReal Estate and ConstructionMakarim & Taira S.
ArticleCyber Notary - Amendment to Law on NotariesIt is unclear how the cyber notary provisions will be implemented in practice.IndonesiaCorporate/Commercial LawMakarim & Taira S.
ArticleThe Constitutional Court Removes ‘Offensive Act’ from the Criminal CodeThe phrase, "offensive act" in Article 335 paragraph (1) of the KUHP has caused legal uncertainty and injustice.IndonesiaCriminal LawMakarim & Taira S.
Article"Thin Capitalization" Becomes Tax Unfriendly - New RegulationsThe maximum DER under MOF Regulation 169/2015 will apply for calculating corporate income tax as of the 2016 tax year.IndonesiaTaxMakarim & Taira S.
ArticleDraft Bill on Trade (RUU Perdagangan)The Draft Bill on Trade covers ten main issues in all aspects of trading which are currently under separate regulations,.IndonesiaCorporate/Commercial LawMakarim & Taira S.
ArticleMandatory BKPM online company foldersThis new system of online company folders is known as the Electronic Investment Service and Investment Licensing System.IndonesiaCorporate/Commercial LawMakarim & Taira S.
ArticleDelegation of authority to grant Industrial licenses to BKPMUnder Regulation No. 122/M-IND/PER/12/2014, the MOT delegated its authority to issue certain industrial licenses to BKPM.IndonesiaGovernment, Public SectorMakarim & Taira S.
ArticleHalal certificates for imported, distributed or traded productsLaw 33 of 2014 requires that all products imported, distributed, or traded in Indonesia bear a halal certificate. IndonesiaInternational LawMakarim & Taira S.
ArticleNew Regulation on Foreign Manpower Recruitment ProceduresIn general, this new regulation reregulates most of the provisions on foreign manpower recruitment procedures.IndonesiaInternational LawMakarim & Taira S.