Indonesian Postal Services No Longer A Government Monopoly (04/12/2009)
In the final days of its tenure, the 2004-2009 Indonesian Parliament (DPR) managed to complete a bill on Postal Services which was signed by the President and enacted as Law No. 36 of 2009 (“Law No.36/2009”). Law 36/2009 replaces the old Law No. 6 of 1984 on the same subject matter. The ...
Risk Management for Export Financing Agency (03/12/2009)
The implementation regulation for Article 17 (5) of Law No. 2 of 2009 regarding the Indonesian Export Financing Agency (known by its Indonesian acronym as "LPEI") was issued at the end of August by the Minister of Finance, as Regulation No. 142/PMK.010/2009 regarding Risk Management for ...
Amended Provisions on Derivative Contracts That Are Traded in Alternative Trading Systems (03/12/2009)
The Commodity Futures Trading Supervisory Board (Bappebti) amended the provisions of Articles 4 and 5 of Decision No. 55/BAPPEBTI/KP/I/2005 (as amended) of the Head of Bappepti by issuing Regulation No. 72/BAPPEBTI/Per/9/2009 regarding Derivative Contracts Traded in Alternative Trading ...
Relevant Markets Guideline Under Anti Monopoly Law (29/10/2009)
The Commission for the Supervision of Business Competition (the “Commission”, also known by its Indonesian acronym “KPPU”) recently issued its Regulation No. 3 of 2009 regarding Guidance with respect to the Relevant Market as meant in Anti Monopoly Law (Law Number 5 of ...
Regulation on Strategic Environment Assessment (29/10/2009)
In fulfillment of the government’s obligation under Article 10 of Law Number 23 of 1997 concerning Environmental Management ("Environmental Law") to develop a set of pre-emptive, preventive, and pro-active instruments in the framework of preventing environmental damage, the State Minister ...
Regulation on Internet Protocol Television Services (29/10/2009)
The Minister of Communication and Information recently issued its Regulation No. 30/PER/M.KOMINFO/8/2009 regarding the Provision of Internet Protocol Television (ITPV) Services in Indonesia (the “Regulation”).
Among the considerations for the issue of the Regulation are the convergence ...
Issuance of Regional Nuisance Permit Guidelines (28/10/2009)
The Indonesian Government continues its efforts to provide business certainty in Indonesia and recently issued guidelines for the issuance of regional nuisance permits under Regulation of the Minister of Domestic Affairs No. 27 Year 2009 dated 19 June 2009 (“Regulation No. ...
ABNR has been named a Pacific Business Press Asian-Counsel "Firm of the Year 2009" (17/09/2009)
Pacific Business Press has conducted their third "Representing Corporate Asia Survey", the largest of such survey in Asia Pacific and the UAE. The survey is sent to over 15,000 in-house counsel and corporate management throughout the month of June 2009. As part of the survey, the respondents were ...
New Rule On Bad Debts As Deductible Expenses (20/08/2009)
The Indonesian Minister of Finance through her Decree No. 105/PMK.03/2009 dated 10 June 2009 has issued a new rule on the filing of bad debts as deductible expenses.
For the purpose of the recordation of a bad debt as deductible expenses in the income tax statement, the following are the ...
Guidance For Request Of Information Overseas In The Framework Of Preventing Tax Avoidance Or Evasion (20/08/2009)
A Circular Letter was issued on 25 May 2009 by the Director General of Taxation in the framework of preventing taxpayers’ avoidance and evasion of their obligation as well as improving the skill of taxation officers in assessing taxpayers’ compliance of their obligation ...
