Update on the Registration Obligation of Private Electronic System Organizers

Registration deadline for Private Electronic System Organizers (both domestic and foreign) are approaching fast ! Minister of Communication and Information (MOCI) has issued Circular Letter No. 3 of 2020 under which the deadline is set on 20 July 2022.

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Regulation on The Taxation of Financial Technology Implementation Services

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.

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

On June 8, 2022, President Joko Widodo signed Government Regulation No. 23 of 2022 (“GR No. 23/2022”) on Amendments to Government Regulation No. 45 of 2005 (“GR No. 45/2005”) on The Establishment, Management, Supervision and Dissolution of State-Owned Enterprises. GR No. 23/2022 amends several provisions of GR No. 45/ 2005.

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

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”).

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

This advisory discusses the recent development in the interpretation of Article 70 of the Arbitration Law by the Indonesian courts.

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