GOVERNMENT GUARANTY FOR INFRASTRUCTURE PROJECTS (28/02/2011)
To boost the credit worthiness of infrastructure projects in the framework of promoting private sector participation, the President of the Republic of Indonesia on 21 December 2010 issued Presidential Regulation No. 78/2010 regarding Infrastructure Guaranty for Government–Business Cooperation ...
PROCEDURE FOR THE FILING OF OBJECTIONS TO CUSTOMS ASSESSMENTS (28/02/2011)
Under Chapter XII of Law No. 10/1995 (as amended), every person has the right to submit an objection to the assessment made by the customs officers, of the customs or duties or penalties he or she must pay. The implementing provisions regarding this right-to-object has just been issued in the form ...
OIL AND GAS REGULATION ON COST RECOVERY (28/02/2011)
The President of the Republic of Indonesia signed, on 20 December 2010, Government Regulation No. 79/2010 regarding Upstream Oil and Natural Gas Recoverable Operating Costs and Income Tax Treatment (the “Regulation”). The Regulation is the first of its kind and is an implementation ...
PROCEDURE FOR THE SUBMISSION OF REPORTS REGARDING SUSPICIOUS FINANCIAL TRANSACTIONS (28/02/2011)
The Head of the Indonesian Financial Transactions Report and Analysis Center (PPATK) has issued a new regulation regarding the procedure for the submission of reports on suspicious financial transactions (“Regulation”). The Regulation, which came into force on 21 December 2010, replaces ...
INDONESIA CLARIFIES PROCEDURE FOR ADVANCE PRICING AGREEMENTS (28/02/2011)
Indonesia's Directorate General of Taxation (DGT) on December 31, 2010, issued Regulation No. 69, introducing procedures for obtaining an advance pricing agreement in conjunction with the transfer pricing provisions in article 18 of the income tax law. The process involves:
• an initial ...
