The Abolition of Legalization Requirement for Foreign Public Documents On 5 October 1961, the Convention Abolishing the Requirement of Legalization for Foreign Public Documents (the “Hague Convention”) was signed and agreed upon as an international treaty by several countries which participated in the convention. As of 2021, there are 120 countries around the world that…

On 30 September 2019, the President of the Republic of Indonesia finally issued the Presidential Regulation No. 63 of 2019 regarding the Use of the Indonesian Language (“PR 63/2019”) as the implementing regulations for the Law No. 24 of 2009 regarding the National Flag, Pilihan Bahasa, Coat of Arms and Anthem (“Law 24/2009”, often referred to…

On 4 September 2019, the Ministry of Trade (“MOT”) has just issued a Regulation of the Minister of Trade (“RMOT”) No. 71 of 2019 regarding Franchising (“RMOT 71/2019”). The issuance of this RMOT 71/2019 was carried out in order to facilitate the operation of franchise and unify franchise activities into one single regulation. RMOT 71/2019…

The Directorate General of Mineral and Coal (“DGMC”) under the Ministry of Energy and Mineral Resources through its website (https://www.minerba.esdm.go.id/perizinan/persyaratan) has provided the requirements for the changes of Shareholders, BOD and BOC of mining companies which are the holder of Mining Business License (Izin Usaha Pertambangan – “IUP”)/Coal Mining Concession Work Agreement (Perjanjian Karya Pengusahaan…

As you may be aware, the Indonesian Ministry of Law and Human Rights (“MOLHR”) through its Directorate General of General Legal Administration and the Coordinating Ministry for Economic Affairs through its Online Single Submission (“OSS”) Agency have issued a joint announcement which was published on their respective websites on 11 October 2018. The joint…

TAX HOLIDAY On 21 January 2019, the Head of Investment Coordinating Board of the Republic of Indonesia issued a new regulation, i.e., Regulation of Investment Coordinating Board Number 1 of 2019 concerning Details of Business Fields and Types of Production of Pioneer Industry Eligible for the Corporate Income Tax Reduction Facility as well as Guidelines…

BKPM TO OPERATE OSS AS OF 2 JANUARY 2018 As you may be aware, the Government has issued the Government Regulation No. 24 of 2018 concerning Online Single Submission (“GR 24/2018”) whereby all business licenses (including SIUP and TDP) must be processed through an Online Single Submission (“OSS”) run by the Coordinating Ministry for Economic…

Presidential Regulation No. 20 of 2018 regarding Utilization of Foreign Workers was issued on 29 March 2018, which enters into force on 29 Juni 2018 (“PR 20/2018”) and subsequently revokes the Presidential Regulation No. 72 of 2014 regarding Utilization of Foreign Workers and the Implementation of Education and Training for Assistant Employees (“PR 72/2014”). The…

General Overview In order to cover previously unregulated information technology-based services, on August 15, 2018, OJK issued the OJK Regulation No. 13/POJK.02/2018 on Digital Financial Innovation (Inovasi Keuangan Digital – “IKD”). IKD is defined as business process update activity, business model, and financial instruments that provide newly added value in the financial services sector by…

After protracted and somewhat controversial parliamentary deliberation, on 1 Juli 2016 the Indonesian Parliament has finally passed the long anticipated Law No. 11 of 2016 on Tax Amnesty (“Tax Amnesty Law”). Tax Amnesty Program (“TAP”) is not entirely new, countries such as Italy, South Africa, India and even the Philippines have previously adopted similar program with varying…