INDONESIA NEGATIVE INVESTMENT LIST 2016 (INDONESIA - ENGLISH)

The Investment Coordinating Board (BKPM) recently revoked 6,541 in-principle investment permits for foreign investors issued between 2007 and 2012

The Ministry of Finance has issued new Regulation No. 152/PMK 010/2012 on Good Corporate Governance dated 3 October 2012 (“Regulation No. 152”) as an implementation of Government Regulation No. 7 of 1992 on Insurance Business

Under Article 18 (1) of Law No. 7 of 1983 on Income Tax (as lastly amended by Law No. 36 of 2008 – “Income Tax Law”), the Minister of Finance (“MOF”) is authorized to determine the debt to equity ratio (“DER”) of corporate taxpayers for the income tax calculation purposes.

Presidential Regulation No. 39 of 2014 on The List of Business Fields that are Closed or Conditionally Open for Investment (the Negative Investment List/daftar Negatif Investasi (DNI)/“Negative List”) was issued recently and became effective on 24 April 2014.