PARTNERSHIP OBLIGATIONS FOR FORESTRY COMPANIES
Nov 19, 2013
The Ministry of Forestry has recently issued Regulation of the Minister of Forestry Number P.39/MENHUT-II/2013 regarding the obligation of companies engaged in the forestry sector to establish a partnership with local communities where their areas are located. The purpose of this regulation is to ensure that local communities obtain direct benefits from forestry activities, by participating in managing the forestso that in the future they may become independent and professional business actors in the forestry sector. Certain government institutions in charge of the forestry sector are required to support these partnership activities by, among other things, holding public awareness events in the local communities health warnings and health information on their tobacco products packaging.
NEXT ARTICLES
“THIN CAPITALIZATION” BECOMES TAX UNFRIENDLY - NEW REGULATIONS
Under Article 18 (1) of Law No. 7 of 1983 on Income Tax (as lastly amended by Law No. 36 of 2008 – “Income Tax Law”), the Minister of Finance (“MOF”) is authorized to determine the debt to equity ratio (“DER”) of corporate taxpayers for the income tax calculation purposes.
Download read more
NEW REQUIREMENTS FOR UPSTREAM OIL AND GAS COOPERATION AGREEMENT BIDS
On 3 April 2013, the Special Oil and Gas Upstream Business Authority Unit (Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi – “Authority”)
Download read more
REGULATION ON THE DUTIES AND STRUCTURE OF SKK MIGAS
Following the dissolution of BP Migas, SKK Migas has taken over all upstream oil and gas business activities until the new law on oil and gas is enacted.
Download read more
DETERMINING SPECIAL RELATIONSHIPS FOR TOBACCO PRODUCTS
The Directorate General of Customs and Excise issued Regulation No. 39/BC/2012 on Determining Special Relationships for Tobacco Products on 12 July 2012 in order to prevent manufacturers spreading their production among their subsidiaries to avoid moving up into a higher-duty paying class
Download read more