Technological Innovation in Indonesia: A Focus on Electronic Land Certificates and Data Management
Schinder Law Firm Blog
by admin
3M ago
As technological advancements progress, Indonesia is also making significant strides in various sectors, particularly in the realm of data management. On December 4, 2023, President Joko Widodo officially introduced and distributed electronic land certificates ("e-certificates") nationwide at the State Palace in Jakarta. E-certificates are digital documents issued through an electronic system. They encompass information created ..read more
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Exploring the Ideal Boarding School: A Guide for Parents
Schinder Law Firm Blog
by admin
4M ago
Are you in the process of finding the perfect boarding school for your child? The United Kingdom stands out as one of the world's most sought-after destinations for higher education, boasting an annual enrollment of over 500,000 international students ..read more
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Digital Trading Dynamics: How Trading Through Electronic Systems Implicates E-Commerce Businesses
Schinder Law Firm Blog
by admin
4M ago
The Ministry of Trade ("MoT") has implemented a revision of MoT Regulation No.50 of 2020 to enhance the protection of domestic business actors, specifically in the e-commerce sector. MoT Regulation No.31 of 2023 ("MoTR No.31 of 2023") came into effect on 26 September 2023, regulating Business Licensing, Advertising, Development, and Supervision of Business Activities in Trading Through Electronic Systems ..read more
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LKPM Reporting Transparency Commitment: A Reminder for Capital Investment Companies
Schinder Law Firm Blog
by admin
4M ago
Complying with the rules is certainly one for the main factors of upholding a conducive and efficient climate of capital investment. In Indonesia, whether you are an individual or business entity running an investment company ("investors"), foreign or domestic, in making capital investments in Indonesia there are certain obligations and procedures that one must follow. One of which is stipulated in ..read more
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Unlocking Indonesia’s Mining Potential: Understanding Divestment Regulations
Schinder Law Firm Blog
by admin
5M ago
Indonesia is renowned for its abundant mineral and coal resources, making it a formidable player in the global mining industry. The nation's diverse geological landscape hosts extensive reserves of coal, minerals, and metals, contributing significantly to both domestic energy production and export revenues. With one of the world's largest coal reserves, Indonesia has positioned itself as a crucial supplier of coal to nations across Asia, further ..read more
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The Duration of Fixed-Term Employment Contracts in The Omnibus Law: from 3 Years to 5 Years
Schinder Law Firm Blog
by admin
5M ago
Significant changes in Indonesian labor law occurred with the enactment of the Omnibus Law in 2023, Law No.6 of 2023. One of the notable changes pertains to the provisions regarding Fixed-Term Employment Contracts (known as Perjanjian Kerja Waktu Tertentu (PKWT) in Indonesia), which previously PKWT had a maximum duration of 3 years. However, under the Omnibus Law and Government Regulation No. 35 of 2021 concerning ..read more
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Unlocking Indonesia: The Golden Visa for Global Investors
Schinder Law Firm Blog
by admin
5M ago
According to the OECD's definition, Residency by Investment and Citizenship by Investment schemes, often referred to as 'Golden Visa' and 'Golden Passport', are policies implemented by a country to grant residency or citizenship to foreign nationals through investment or by paying certain fees. In 2022, it is estimated that more than 60 countries have implemented such investment-based residency and citizenship ..read more
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Issuance of PMK 96/2023: Safeguarding SMEs and Reducing Consumer Imports
Schinder Law Firm Blog
by admin
6M ago
On October 13, 2023, the Ministry of Finance of Indonesia issued Regulation No.96 of 2023 concerning Customs, Excise, and Tax Provisions on the Import and Export of Consignment Goods ("PMK 96/2023"), which effective from October 17, 2023. The issuance of PMK 96/2023 is a vital part of the Ministry of Finance's efforts to enhance its services by providing legal certainty and clear regulations regarding customs, excise, and tax provisions for ..read more
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Branch NPWP Abolished Starting January 2024
Schinder Law Firm Blog
by admin
6M ago
Starting on 1 January 2024, the Branch Taxpayer Identification Number (NPWP Cabang) will be abolished, and according to Minister of Finance Regulation No. 112/PMK.03/2022 regarding NPWP for Individual Taxpayers, Corporate Taxpayers, and Government Institution Taxpayers (PMK 112/2022), the Branch NPWP will be replaced by the Identification Number of Business Activity (Nomor Identitas Tempat Kegiatan Usaha or NITKU ..read more
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Strategic VAT Subsidies: Accelerating Domestic Component Level in Indonesia’s EVs
Schinder Law Firm Blog
by admin
6M ago
The Domestic Component Level (Tingkat Komponen Dalam Negeri or TKDN) certification has become an essential element in the progress of industries in Indonesia. Business actors must take a crucial step of securing government assistance for TKDN certification. TKDN, represents the proportion of domestically produced components' value. This concept encompasses a wide array of products, spanning both goods and services, along ..read more
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