“Digital stamp duty has issued to accompany the development of digital technology, including electronic transaction which uses electronic document during the transaction process.” On 1 October 2021, the Minister of Finance has launched Digital Stamp Duty (“e-Stamp Duty”) at the same time as the publication of Minister of Finance Regulation No. 134/PMK.03/2021 on the Payment […]
“Cryptocurrency Business in Indonesia. Crypto development is currently regulated briefly under the Ministry of Information and Communication. On the other hand, crypto trading is regulated a bit more thoroughly as it has been acknowledged as commodities that can be traded under the supervision of Indonesia Commodity Futures Trading Regulatory Agency.” Nowadays, cryptocurrency has become quite […]
“With franchise system, the business actor could enter into an agreement with the original business owner to establish a business which uses the same system, products, and even intellectual property as the original business as if they are a branch of the same business.” According to Government Regulation Number 42 of 2007 on Franchise (“PP […]
Covid Task Force Circular Letter Number 23 of 2021 – For the purpose of preventing the rising of transmission of Covid-19 including the new mutated variant such as SARS-CoV-2 variant B.1.1.529 which was found on several countries, there is a need to stipulate Circular Letter on Health Protocol for International Travel during Corona Virus Disease […]
“Distribution activity can also be performed by various parties, including distributor, agent, wholesaler, and even retailer. It should be particularly noted, especially by foreign capital investment, as each might have different permits and requirements despite being similar.” Business Actors of Distribution According to Government Regulation Number 29 of 2021 on Organization of the Trade Sector […]
“While a consignment agreement has not been specifically regulated in Indonesia, a consignment agreement must be deemed a valid contract with its distinctive elements.” The consignment agreement has not been specifically regulated by any legislative product in Indonesia. However, a consignment agreement is indirectly recognized by Indonesian law as one of innominaat contracts, which is […]
Manpower Compliances of a Company “In order to ensure the welfare of employees, Indonesian laws and regulations stipulate multiple obligations of a company with regard to manpower, such as employment agreement, company regulation or collective labor agreement, and mandatory manpower report.” In 2003, Indonesian government issued the Law No. 13 of 2003 concerning Manpower, which […]
The Government of the Republic of Indonesia has issued the latest regulatory adjustment Circular Letter Number 20 year 2021 Health Protocol for International Traveller during Corona Virus Disease (COVID-19). Health Protocol for International Travelers a. The Restriction for Foreigner refers to Regulation of Ministry of Law and Human Rights Number 34 of 2021 and Bilateral […]
“Within the implementation of Bank Indonesia Licensing FO based on PBI 22/2020, the licensing application has been proceeded through one integrated system (E-Licensing Bank Indonesia).” In May 2020, Bank Indonesia introduced one-stop integrated licensing services in Bank Indonesia, namely Licensing Front Office (FO). Licensing FO has formed based on Bank Indonesia Regulation No. 22/8/PBI/2020 on […]
Regulation Update – Minister of Law and Human Rights Regulation Number 34 of 2021 on Issuance of Visa and Stay Permit during the Handling Period of Corona Virus Disease 2019 Outbreak and National Economy Recovery (MoLHR 34/2021) Previously, the Government of Indonesia issued the Regulation of the Minister for Law and Human Rights of the […]
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