Law Number 8 of 1995 on the Capital Market (“UUPM”), Article 1, Point 15, states that an IPO is the activity of offering securities by an issuer to sell securities to the public based on procedures regulated in UUPM and its implementing regulations. Compliance with legal and regulatory requirements is a mandatory prerequisite for an … Read more
After completing the company establishment process, the founders must meet the needs of the workforce that match the operational needs. Along with this fulfillment, the company also needs to consider the rights and obligations that must be obtained and carried out by workers respectively. These rights and obligations can be seen in more detail in … Read more
Indonesia is a developing country with promising potential for economic and business growth. Population, land area, median of age, and population distribution are vital indicators to measure the economic and business growth potential of a country. The Indonesian economy based on the size of the Gross Domestic Product (GDP) at current prices in the first … Read more
Traditionally, the profession of accounting has been closely tied to financial reporting, auditing, and tax services. However, with the increasing focus on sustainability and corporate responsibility, accountants now have new opportunities in the emerging field of sustainable finance. As businesses, investors, and regulators place greater emphasis on sustainability, accountants can play a pivotal role in … Read more
After establishing a company or business unit in Indonesia, FDI is required to comply with taxation according to regulations set by the Indonesia Tax Authority (ITA). The business entity is classified as Corporate Taxpayer. Tax regulation interpret Corporate Taxpayer as a group of people and/or capital which is a unit, both doing business and not … Read more
IMMIGRATION INSPECTION FOR INDIVIDUALS OF ENTERING/EXITING INDONESIAN’S TERRITORY The Minister of Law and Human Rights (Minister) has recently decided to issue Regulation Number 9 of 2024 on Procedures for Immigration Inspections of Individuals Entering or Exiting Indonesian Territory (Regulation 9/2024) which is set to come into force on 18 June 2024. The enactment of Regulation … Read more
MINISTER OF FINANCE REGULATION NUMBER 78 OF 2024 (PMK 78/2024) ON STAMP DUTY IMPLEMENTATION PROVISIONS This regulation aims to provide convenience in fulfilling stamp duty payment obligations, as well as to provide legal certainty in the implementation of stamp duty collection in accordance with the principle of regulatory simplification. Below are some key provisions found … Read more
LATEST PROVISION ON ARBITRATION in PERMA No. 03/2023 Definition of Arbitration According to Article 1 number 1 of Law Number 30 of 1999 on Arbitration and Alternative Dispute Resolution (“Arbitration Law“), arbitration is a method of resolving civil cases outside the general court system, based on an arbitration agreement made in writing by the disputing … Read more
At the end of 2023, the Nusantara Capital City Authority (OIKN: Otorita Ibu Kota Nusantara) issued a Circular regarding the release of a blueprint for the smart city of the Nusantara Capital City (IKN: Ibu Kota Nusantara). The purpose of this document is to provide direction and strategic guidance for all stakeholders in achieving the … Read more
International Conference on Chinese Companies in Indonesia (IC3 Indonesia 2023) is organized by SW Indonesia and features Prof. Bambang Permadi Soemantri Brodjonegoro, Ph.D., as the keynote speaker on “Economy and Opportunities of Investment in Indonesia”. He is very representative as a speaker on this material because of his experience as Minister of Finance (2014–2016), Minister … Read more
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