REGULATION ON CERTIFICATE OF ORIGIN (SKA) ISSUING AGENCIES (26/07/2010)
Another implementation regulation for Minister of Trade Regulation No. 43/MDAG/ PER/10/2007 on Issuance of Certificates of Origin has been issued as Minister of Trade Regulation No. 24/MDAG/PER/5/2010. This implementation regulation specifically regulates the agencies that are nominated and ...
A ministerial regulation for the implementation purposes of Article 35 section (3) of Law No. 32 of 2009 regarding Environmental Protection and Management (“Law No. 32”) was issued on 7 May 2010. The implementation regulation is Minister of Environment Regulation No. 13 of 2010 ...
PROCEDURES FOR THE RECORDAL OF PATENT ASSIGNMENTS (26/07/2010)
The Government closed the 1st half of 2010 by finally ending the 9-year uncertainty regarding the recordal of patent assignments through the issue of Presidential Regulation No. 37 of 2010 (“PR 37/2010”) on 7 June 2010. This regulation serves as the implementing regulation to ...
PAYMENT MECHANISM FOR INCOME TAX ON DIVIDENDS (26/07/2010)
The Minister of Finance has issued the implementation regulation of Article 3 of Government Regulation No. 19 of 2009 regarding Tax on Dividend Receipts and Dividend Payments (the “Government Regulation”). The regulation, issued on 14 June 2010, is Minister of Finance Regulation No. ...
Breaking News : Indonesia's 2010 Investment Negative List (24/06/2010)
The Indonesian Government finally published the long awaited new Investment Negative List. The new list, issued on 25 May 2010 under Presidential Regulation No. 36 of 2010 (“2010 Negative List”), sets out the lines of business that are closed to investment as well as ...
CROSS-BORDER CORPORATE RESCUE PROCEDURE FOR GROUPS OF COMPANIES (15/06/2010)
Introduction
Cross-border insolvency proceedings and restructurings are relatively new to Indonesia and largely developed only after the 1998 Asian financial ...
INDONESIA REVISES ITS TAXATION RULES ON ANTI-ABUSE AND CERTIFICATE OF DOMICILE (15/06/2010)
A regulation which revises the earlier anti-abuse provisions relating to Indonesia's income tax treaties was issued on April 30 by Muhammad Tjiptardjo, Indonesia’s Director General of Taxation.
Among the important revisions are the following:
INDONESIA'S TAX TREATY WITH HONG KONG (15/06/2010)
On March 23 this year Indonesia eventually signed a tax treaty with Hong Kong, one of the blacklisted countries under the old Indonesian controlled foreign corporation rules. Although a tax treaty was signed between Indonesia and the People’s Republic of China in 2001, Hong Kong ...
REGULATION ON WATER TRANSPORTATION BUSINESS (15/06/2010)
A third government regulation for the implementation purposes of certain articles of Law No. 17/2008 regarding Shipping (“Law No. 17”) was issued on 1 February ...
BAPEPAM-LK REGULATION ON SHARE BUYBACKS (15/06/2010)
The Head of the Capital Market and Financial Institutions Supervisory Board (“Bapepam-LK”) on 13 April 2010 issued Decision No. KEP- 105/BL/2010, which contains Bapepam-LK Regulation No. XI.B.2 regarding Buyback of Shares Issued by Issuers or Public Companies ...
