KBLI 2025 In December 2025, the Central Bureau of Statistics (Badan Pusat Statistik – “BPS”) issued BPS Regulation No. 7 of 2025 regarding Indonesian Standard Business Field Classification (Klasifikasi Baku Lapangan Usaha Indonesia – “KBLI”) (hereinafter referred to as “KBLI 2025”), which came into effect on 18 December 2025. By the enactment of KBLI 2025,…
New Regulation on Limited Liability Companies In December 2025, the Minister of Law of the Republic of Indonesia (the “Minister”) issued Regulation of the Minister No. 49 of 2025 regarding the Requirements and Procedures for the Establishment, Amendment, and Dissolution of Limited Liability Companies (“RM 49/2025”), which came into effect on 17 December 2025. The…
Justifying Grounds and Excusing Grounds under the New Indonesian Criminal Code In 2023, the Government of the Republic of Indonesia enacted the Law of the Republic of Indonesia No. 1 of 2023 regarding the Indonesian Criminal Code, also referred to as the Kitab Undang-Undang Hukum Pidana (“KUHP”). In addition to repealing the former KUHP, the…
New Amendment to Import Regulation In October 2025, the Minister of Trade of the Republic of Indonesia (the “Minister”) issued Regulation of the Minister No. 37 of 2025 regarding the Amendment to the Regulation of the Minister No. 16 of 2025 regarding the Import Policy and Regulation (“RM 37/2025”), which came into effect on 5…
NEW GOVERNMENT REGULATION ON FINANCIAL REPORTING The Government of the Republic of Indonesia has issued Government Regulation Number 43 of 2025 regarding Financial Reporting which was enacted and took effect on 19 September 2025 (“GR 43/2025”). As stated in its elucidation, the regulation is intended to create a robust financial reporting ecosystem and also…
Registration of Horticultural Plant Varieties In October 2025, the Minister of Agriculture of the Republic of Indonesia (the “Minister”) issued Regulation of the Minister (“RM”) No. 24 of 2025 regarding the Registration of Horticultural Plant Varieties (“RM 24/2025”), which came into effect on 13 October 2025. By the enactment of RM 24/2025, the previous regulation,…
New Amendment to Mineral and Coal Mining Regulations In September 2025, the Government of the Republic of Indonesia promulgated Government Regulation No. 39 of 2025 regarding the Second Amendment to Government Regulation No. 96 of 2021 regarding the Implementation of Mineral and Coal Mining Business Activities (“GR 39/2025”). This regulation was enacted and took effect…
Industrial Data and Industrial Area Data In March 2025, the Minister of Industry of the Republic of Indonesia (the “Minister”) issued Regulation of the Minister No. 13 of 2025 regarding the Procedures for the Submission of Industrial Data, Industrial Area Data, Other Data, Industrial Information, and Other Information through the National Industrial Information System (“RM…
Business Stages under the Government Regulation of the Republic of Indonesia No. 28 of 2025 In June 2025, the Government of the Republic of Indonesia (“Government”) issued the Government Regulation (“GR”) No. 28 of 2025 regarding the Implementation of Risk-Based Business Licensing (“GR 28/2025”), which came into effect on 5 Juni 2025. By the enactment…
Beneficial Owners of Corporations In February 2025, the Minister of Law of the Republic of Indonesia (the “MOL”) issued Regulation of the MOL No. 2 of 2025 regarding the Verification and Supervision of the Beneficial Owners of Corporations (“RM 2/2025”), which came into effect on 4 Februari 2025. By the enactment of RM 2/2025, the…
