NEW REGULATION ON INDUSTRIAL BUSINESS LICENSES
In December 2015, the Government of Indonesia issued Government Regulation No. 107 of 2015 on Industrial Business Licenses (“IUI”) (“PP 107/2015”).
Download read moreTHE DRAFT E-COMMERCES REGULATION TO BE ISSUED IN 2016
The highly anticipated draft e-commerce regulation has been expected to be issued since mid-2015 according to the Minister of Trade (“MOT”), and since then becomes the object of major discussion and debate from stakeholders.
Download read moreTHE DRAFT DATA PROTECTION LAW IS UNDER DISCUSSION AND EXPECTED TO BE ISSUED SOON
The protection of personal data is an interesting area of IT law, since it is generally covered in Law No. 11 of 2008 on Electronic Transactions & Information (“Law 11/2008”), and briefly mentioned in the draft e-commerce regulation.
Download read moreNEW REGULATION ON IMPORT IDENTIFICATION NUMBERS
On September 2015, the Minister of Trade issued a Regulation No. 70/M-DAG/PER/9/2015 on Import Identification Numbers. The regulation came into effect on 1 January 2016 and revoked the previous API regulation:
Download read more“THIN CAPITALIZATION” BECOMES TAX UNFRIENDLY - NEW REGULATIONS
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.
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