Legal Insights | Business-Indonesia

NEW KBLI CODES RELEASED — ENSURE YOUR BUSINESS CLASSIFICATIONS ARE UP TO DATE

As you may already be aware, business activities in Indonesia have a unique numerical code (known as the KBLI Code). This numerical code will determine the scope of business activities that a
Indonesia’s New Local Content Level Regulation: An Overview

Local Content Level, or Tingkat Komponen Dalam Negeri – “TKDN”, refers to the proportion of domestic components contained in goods, services, or a combination of both. TKDN plays a central role in
Regulatory Shifts in Indonesia’s Natural Resources Export Proceeds Regime: Current Rules and Outlook

Companies in Indonesia that conduct export activities in certain sectors are required to place their foreign exchange export proceeds (Devisa Hasil Ekspor or “DHE”) within the Indonesian financial
Understanding the EU–Indonesia CEPA: An interview with Carsten Sorensen, EU Delegation in Jakarta

Following the conclusion of negotiations for EU–CEPA, BI spoke with Carsten Sorensen, Head of Trade and Economic Section at the EU Delegation Jakarta, about the deal, its timeline, & expected impact.
Indonesia Reduces Minimum-Paid-Up-Capital Requirement for PT PMAs – A Long Awaited Move Back to Past Openness

October has brought significant changes for international enterprises doing or planning to do business in Indonesia. By means of the Ministry of Investment and Downstream Industry Regulation
Legal and Economic Pathways Under the Indonesia–EU CEPA

The Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), following nearly a decade of negotiations, marks a pivotal development in EU–Indonesia economic relations.

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KAP SIDDHARTA WIDJAJA & REKAN

Mutual Agreement Procedure – a Tax and Transfer Pricing Dispute Settlement Option

What to do when your company receives an unfavorable tax audit outcome on transfer pricing or other tax issues? Of course, there is the possibility to object and appeal the

Author : Iwan Hoo LL.M.(taxation)

LUTHER

Compensation of Temporary Employees

Based on Clause 61A of Law no. 11 of 2020 on Job Creation (the “Omnibus Law”), if a Temporary Employment Agreement (“TEA”) ends because the term has expired or the work has been completed,

Author : Zuhesti Prihadini

KAP SIDDHARTA WIDJAJA & REKAN

Changes in the VAT Law

On 29 October 2021 the new “Harmonization of Tax Regulations” law (Undang-undang Harmonisasi Peraturan Perpajakan / “HPP Law”) was enacted

Author : Jacob Zwaan LL.M.

LUTHER

A Conditionally Unconstitutional Omnibus Law

With Decision No. 91/PUU-XVII/2020 (the “Decision”), the Constitutional Court (the “Court”) of the Republic of Indonesia ruled that Law No. 11 of 2020 on Job Creation (the “Omnibus Law”) was passed

Author : Philipp Kersting

PT Rodl Consulting

Provincial Minimum Wage 2022

Minimum wage is the lowest monthly wage consisting of basic wages or basic wages plus

Author : Wahyu Indradi

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