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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

SSEK Welcomes New Partners Mahareksha Dillon and Nico Mooduto

10 January 2022 by SSEK Legal Consultants

SSEK Indonesian Legal Consultants is pleased to announce Mahareksha S. Dillon and Nico Mooduto as the firm’s newest partners, effective January 1, 2022.

News & Analysis

New Provision of the Payment Services Provider Licensing in Indonesia

20 December 2021 by Aldi Prapanca

The shifting within society to utilize non-cash payments in their transactions has flourished for the past couple of years. Especially since the global COVID-19 pandemic took place, the development of digital payment systems by companies that dedicate their effort to provide payment system ecosystems has been thriving.

News & Analysis

Further Elaboration of the Digital Bank Regulations in Indonesia

25 November 2021 by Nasoetion & Atyanto

The development of information technology in the digital era has brought changes in the management and operations of banks. The shifting from the traditional bank concept to the bank of the future is to encourage banking digitalization, among others, by setting-up a digital bank through the new establishment or transformation of an existing bank.

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asialaw Awards 2021 - WINNERS ANNOUNCED

30 September 2021 by asialaw

asialaw is proud to announce the winners of the fourth annual awards for the best firms, teams, lawyers, as well as deals and cases throughout Asia-Pacific over the past 12-18 months.

News & Analysis

asialaw 2022 rankings - NOW LIVE

16 September 2021 by asialaw

The 2022 edition of the definitive guide to Asia's leading law firms is now live

News & Analysis

Digital Era in Banking Activities

10 September 2021 by Ali Budiardjo Nugroho Reksodiputro - Indonesia

In line with the development of technology, consumers’ behavior in using financial services has shifted