NEW TRANSFER PRICING GUIDELINES (15/11/2010)
To ensure the smooth application of the principles of appropriateness and normal business practice to related-party transactions, the Indonesian Director General of Taxation recently issued regulation no. per-43/PJ/2010 dated September 6 2010.The following transactions fall into the category of ...
PERMISSION FOR PRODUCERS TO IMPORT FINISHED PRODUCTS (15/11/2010)
A regulation was issued by the Minister of Trade on 4 October 2010, allowing the importation of finished products by producers. The regulation, No. 39/M-DAG/PER/10/2010 ('Regulation'), basically allows producers that hold an Importer Identification Number (“API-P”) to import finished ...
PUBLIC COMPANIES MAY ISSUE SHARES WITH DIFFERENT NOMINAL VALUE (15/11/2010)
After allowing issuers and public companies to issue shares with nominal value during the last financial crisis in the late nineties, the Indonesian Capital Market and Financial Institutions Supervisory Agency (“Bapepam-LK”) finally issued its Regulation No. IX.D.6 regarding Issuance of ...
INDONESIAN TAX AUTHORITY CLARIFIES TAX REFUND PROCEDURE FOR NONRESIDENTS (15/11/2010)
The Indonesian Directorate General of Taxation (DGT) on August 9 issued Regulation PER-40/PJ/2010, clarifying the procedure for tax refund application by nonresident taxpayers with no permanent business in Indonesia.
The tax overpayment meant in this regulation is tax overpayment that has been ...
REGULATION ON CERTIFICATE OF ORIGIN (SKA) FOR INDONESIAN EXPORT GOODS (15/11/2010)
The Minister of Trade has on 26 August 2010 issued her new Regulation No. 33/M-DAG/PER/8/2010 regarding Certificate of Origin for Indonesian Export Goods (the 'Regulation').
The Regulation defines the term “Certificate of Origin” (Surat Keterangan Asal or “SKA”) as ...
NEW REGULATION ON SECURITIES COMPANIES' OWNERSHIP AND PAID-UP CAPITAL (15/11/2010)
The Department of Finance’s continued efforts to gradually beef up the capital of securities companies are shown by the issue of Regulation of the Minister of Finance No. 153/PMK.010/2010 regarding Securities Companies’ Share Ownership and Capitalization (“Regulation” or ...
