EXPANSION OF BANK INDONESIA’S AUTHORITY IN FOREIGN EXCHANGE REPORTING THROUGH REGULATION 9/2024 To support the overall stability of the rupiah, Bank Indonesia (“BI”) recently issued Bank Indonesia Regulation No. 9 of 2024 concerning the Management of Foreign Exchange Transactions (“LLD”) (“Regulation 9/2024”), which has been in effect since 23 December 2024. In broad terms, the … Read more
PERLUASAN KEWENANGAN BANK INDONESIA DALAM PELAPORAN DEVISA MELALUI PBI 9/2024 Dalam rangka mendukung stabilitas nilai rupiah secara menyeluruh, Bank Indonesia (“BI”) baru-baru ini menerbitkan Peraturan Bank Indonesia No. 9 Tahun 2024 tentang Pengelolaan Lalu Lintas Devisa (“LLD”) (“PBI 9/2024”) yang telah berlaku sejak 23 Desember 2024 lalu. Dalam gambaran besar, struktur pengelolaan LLD yang diluncurkan dalam PBI … Read more
PERUBAHAN REGULASI TERKAIT PENGALOKASIAN LAHAN BAGI PENATAAN INVESTASI Pada 22 Juli 2024 yang lalu, Presiden Joko Widodo menerbitkan Peraturan Presiden (Perpres) Nomor 76 Tahun 2024 Tentang Perubahan atas Peraturan Presiden Nomor 70 Tahun 2023 tentang Pengalokasian Lahan bagi Penataan Investasi. Beberapa ketentuan dalam Peraturan Presiden Nomor 70 Tahun 2023 tentang Pengalokasian Lahan Bagi Penataan Investasi … Read more
AMENDMENT ON LAND ALLOCATIONS FOR INVESTMENT MANAGEMENT REGULATION On July 22nd 2024, President Joko Widodo issued Presidential Regulation Number 76 of 2024 on Amendments to Presidential Regulation Number 70 of 2023 on Land Allocations for Investment Management (“Regulation 76/2024”). Several provisions in Presidential Regulation Number 70 of 2023 on the Land Allocations for Investment Management … Read more
REGULATION OF THE MINISTRY OF FINANCE NUMBER 172 YEAR 2023 REGARDING THE APPLICATION OF ARM’S LENGTH PRINCIPLES AND NORMALITY IN BUSINESS TRANSACTION INFLUENCED BY SPECIAL RELATIONSHIP. I. Arm’s Length Principles and Normality in Business (Prinsip Kewajaran dan Kelaziman Usaha/ ”PKKU”) Domestic Taxpayers who are the transaction counterparties can make relatedness adjustments if there are: Relatedness … Read more
The Company implements various strategies, including the acquisition of other businesses, with a focus on maximizing profits and enhancing its operations. Accounting goodwill plays a significant role in these acquisition processes. When the Company acquires ownership of another business while allowing it to operate independently, accounting goodwill comes into play. This strategy enables the Company … Read more
OFFICIAL MEMORANDUM NO.ND-14/PJ/PJ.02/2024 AFFIRMATION OF THE IMPLEMENTATION MINISTER OF FINANCE REGULATION (PMK) NUMBER 66 OF 2023 CONCERNING INCOME TAX TREATMENT OF REIMBURSEMENT OR REWARDS IN CONNECTION WITH OCCUPATION OR SERVICES RECEIVED OR OBTAINED IN THE FORM OF BENEFIT IN KIND AND/OR ENJOYMENT Official Memorandum No. ND-14/PJ/PJ.02/2024 dated July 8, 2024, aims to provide uniformity and … Read more
The Financial Services Authority (Otoritas Jasa Keuangan – OJK) has issued Regulation Number 12 of 2024 on the Implementation of Anti-Fraud Strategies by Financial Services Institutions (Lembaga Jasa Keungan – LJK) (POJK 12/2024), aimed at strengthening efforts to prevent and address fraud in the financial services sector. According to Article 1, paragraph 4 of POJK … Read more
The head of the Badan Koordinasi Penanaman Modal (BKPM), Bahlil Lahadalia, revealed that his party is working day and night to pursue an investment of IDR 900 trillion in 2021. As a result, the capital inflow to Indonesia is getting better. “Our foreign direct investment (FDI) has started to getting better when other countries’ FDI … Read more
Statement of Financial Accounting Standards (PSAK) 71 is a guide on the recognition and measurement of financial instruments. This PSAK refers to International Financial Reporting Standard (IFRS) 9 and replaces most of the provisions in PSAK 55 that were previously applicable. Classifying and Measuring Financial Assets and Liabilities The Company classifies and measures financial assets … Read more
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