Indonesia-UAE Establish Travel Corridor: Salient Features
Indonesia and the UAE have established a travel corridor to facilitate official and diplomatic trips between the two countries.
Indonesia Increases Social Security Premium for 2020
Indonesia has increased the premiums for its national health and pension insurance schemes.
Indonesia’s Healthcare Industry: Growing Opportunities for Foreign Investors
Indonesia’s healthcare industry presents a lucrative investment opportunity for foreign investors given its large market size.
Indonesia Allows the Import of Certain Manufactured Goods Hoping to Kick-Start Local Production
Indonesia’s Ministry of Trade issued Reg 59/2020 in June 2020 that limits the number of industries allowed to import manufactured goods.
Indonesia Amends Mining Law to Encourage More Downstream Investment
Indonesia’s government made significant amendments to the country’s Mining Law as it aims to attract more downstream investment into the sector.
Indonesia’s Regulation on Cosmetic Products Notifications Provides Criteria for License Distribution
Indonesia issues new criteria for businesses to receive licenses for the distribution of cosmetic products.
New Criteria for Foreign Digital Service Providers to Collect VAT in Indonesia
Indonesia’s Director-General of Tax has determined the criteria for which foreign digital service providers can collect VAT.
Indonesia Issues Regulation on Working Capital Incentives for MSMEs
Indonesia issued Reg 71/2020, which appointed state-owned insurance providers to provide guarantees for banks providing working capital loans for MSMEs.
Indonesia Issues Tax Incentives for COVID-19 Support
The Indonesian government has granted tax incentives and deductions for domestic taxpayers who have contributed to tackling the COVID-19.
Indonesia Issues Regulation on Taxing Digital Services
Indonesia introduced Reg 48/2020 in May 2020, which imposes a 10 percent VAT on digital service providers.