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News & Analysis

Update on the Registration Obligation of Private Electronic System Organizers

28 July 2022 by Makarim & Taira S - Indonesia

Under Government Regulation 71 of 2019 on the Implementation of Electronic Systems and Transactions, Electronic System Organizers (“ESO”) are required to be registered with the Ministry of Communication and Informatics (“MOCI”). In addition, under MOCI Regulation 5 of 2020 (as amended by MOCI Regulation 10 of 2021), this registration obligation must be complied with within 6 months of OSS-RBA licensing coming into effect.

News & Analysis

Regulation on The Taxation of Financial Technology Implementation Services

13 July 2022 by Makarim & Taira S - Indonesia

In order to provide clarity regarding the tax obligations of financial technology providers and users in Indonesia, Indonesia’s Minister of Finance (“MOF”) issued MOF Regulation No. 69/PMK.03/2022 on the Income Tax and Value Added Tax on the Organization of Financial Technology (“MOF Reg 69/2022”) on 30 March 2022, which came into force on 1 May 2022. This regulation mainly covers Income Tax on Peer-to-Peer and Value Added Tax on financial technology service transactions.

News & Analysis

Amendments on The Establishment, Management, Supervision and Dissolution of State-Owned Enterprises

15 June 2022 by Makarim & Taira S - Indonesia

President Joko Widodo has signed Government Regulation No. 23 of 2022 (“GR No. 23/2022”) on Amendments to Government Regulation No. 45 of 2005 on The Establishment, Management, Supervision and Dissolution of State-Owned Enterprises. GR No. 23/2022 focuses on amending several provisions of GR No. 45/ 2005, particularly regarding senior officers and employees of State-Owned Enterprises (“BUMN”).

News & Analysis

Updates on the Procedures for Obtaining Construction Business Entity Certificates (SBU)

21 February 2022 by Makarim & Taira S - Indonesia

The Ministry of Public Works and Housing (“MPW”) has issued the Circular Letter No. 21/SE/M/2021 on The Procedures for Fulfillment of the Business License Requirements, the Implementation of Construction Work Competence Certification, and the Implementation of Business Entity Certificates and Construction Work Competence Certificates (“Circular Letter”). Previously, the construction licensing is scattered into a few online platforms, such as the MPW’s online portal and Integrated Construction Services Information System (“SIJK”).

News & Analysis

Grounds for the Annulment of Domestic Arbitration Awards in Indonesia (Recent Development)

26 January 2022 by Makarim & Taira S - Indonesia

Following the issuance of Constitutional Court Ruling No. 15/PUU-XII/2014 dated 11 November 2014, up until now, no clear guidance has been provided on the use of Article 70 of the Arbitration Law (Law No. 30 of 1999) ie, the reasons for which an arbitration award can be annulled. This advisory discusses the recent development in the interpretation of Article 70 of the Arbitration Law by the Indonesian courts.

News & Analysis

Indonesia: Conclusion of Capital Alliance and Strategic Partnership with LegalOn Technologies⁠, Inc⁠.

20 August 2025 by Makarim & Taira S - Indonesia

Mori Hamada and LegalOn Technologies⁠, Inc⁠. (⁠headquarters⁠: Shibuya Ward⁠, Tokyo⁠, Japan⁠; Representative Director⁠, Executive Officer and CEO⁠: Nozomu Tsunoda⁠) started a business alliance in April 2024 and Mori Hamada started providing content* to “⁠LegalOn Cloud⁠” “⁠in September 2024⁠. We have now concluded a new strategic partnership in conjunction with a capital alliance⁠.

News & Analysis

Indonesia: Indonesia’s Rising Offshore Loans: Legal Rules for Foreign Lenders

20 August 2025 by Makarim & Taira S - Indonesia

Indonesia’s government is borrowing more from foreign lenders, at a faster rate than usual. By April 2025, offshore loans had already increased over 6% compared to the end of last year. With more borrowing expected, foreign lenders need to understand the legal preconditions the government must follow before any loan agreements can be signed and disbursed.

News & Analysis

Indonesia: Indonesia Tightens Police Oversight for Foreign Journalists and Researchers

19 June 2025 by Makarim & Taira S - Indonesia

The Indonesian National Police has issued a new regulation that allows officers to issue clearance letters (“Police Certificate”) for certain activities by foreign nationals in Indonesia, particularly those involving journalism and research.

News & Analysis

Makarim & Taira S. Announces Rudy Sitorus as Its Newest Partner

21 October 2024 by Makarim & Taira S

Makarim & Taira S. is pleased to announce the appointment of Rudy Andreas S. as its newest partner, effective 1 October 2024

News & Analysis

PDP Law Implementing Regulation Forthcoming, But Data Breach Fines Still Unclear

01 April 2024 by Makarim & Taira S

After multiple data breaches plagued Indonesia in 2023 and more than a year having elapsed since the enactment of Law No. 27 of 2022 on Personal Data Protection Law (“PDP Law”), the government is now preparing to release the law’s first implementing regulation, which will elaborate on fines for data leaks, but the specifics still remain uncertain.