ARMA Updates

• ARMA UpdatesNovember 23, 2021

  [UU No. 7 Tahun 2021] Law No. 7 of 2021: Harmonization of Tax Regulations

    On 29 October  2021, the Government of the Republic of Indonesia has officially promugalted Law No. 7 of 2021 regarding Harmonization of Tax Regulations (“Law 7/2021”). With the issuance of Law 7/2021, several tax provisions in Indonesia which had previously been regulated in separate regulations are now being amended simultaneously. Some of these regulations Read more…

• ARMA UpdatesOctober 6, 2021

  PerMen LHK 4 tahun 2021 – Environmental Update: The Criteria and List of Businesses and Activities that are Mandatory to Have AMDAL, UKL-UPL, and SPPL

    The Governmental Regulation No. 22 of 2021 on The Organization of Environmental Protection and Management was issued after the enactment of Law Number 11 of 2020 on Job Creation which amends the provisions regarding the environmental permit to be adjusted in the new business licensing system.  Accordingly, the Minister of Environment and Forestry (“MOEF”) Read more…

• ARMA UpdatesSeptember 15, 2021

  The Guidelines On Administrative Fines For Competition Law Violations

    In order to establish an ideal supervisory system on Indonesia’s business competition, the Government of Indonesia, through The Business Competition Supervision Commission or Komisi Pengawasan Persaingan Usaha (hereinafter referred to “KPPU”), have attempted to arrange supervisory regulations that do not prioritize criminal sanction towards the business competition violation by issuing KPPU Regulation Number 2 Read more…

• ARMA UpdatesJuly 16, 2021

  The Implementation of the Minister of Trade Regulation Number 17 of 2021 concerning Reputable Exporters and Importers

    To provide support to the trade sector, the Government provides facilities to ease the process of export and import activities to reputable exporters and importers. This facility is contained in the Minister of Trade Regulation Number 17 of 2021 concerning Reputable Exporters and Importers (“MoT Reg 17/2021”) which has been effective since June 1 Read more…

• ARMA UpdatesJuly 2, 2021

  The Legal Development of Crypto Asset in Indonesia

    Crypto assets are legal under Indonesian law as regulated under BAPPEBTI Reg 5/2019. However, up till now the crypto assets may not be used as the digital currencies (cryptocurrencies) due to such limitation as regulated under Currency Law. To date, there are 229 of crypto assets that may be traded in Indonesia as designated Read more…

• ARMA UpdatesJune 16, 2021

  Implementation to the Regulation of Warehouse Receipt System – Resi Gudang

  The trade finance system is indispensable for the business world to ensure the smooth running of its business, especially for small and medium enterprises. The Warehouse Receipt System is one of the most important and effective solutions and instruments in the trade finance system. The Warehouse Receipt System can facilitate the provision of credit for Read more…

• ARMA UpdatesMay 28, 2021

  Omnibus Law Employment Cluster – Fixed Term Employment Agreement

    Employment cluster is one of the major issues addressed by Law Number 11 of 2020 on Job Creation (“Omnibus Law”). Where recently the government of Indonesia passed Government Regulation Number 35 of 2021 on Fixed Term Employment Agreement, Outsourcing, Working Hours and Rest Hours, and Termination of Employment Relationship (“GR 35/2021”).  This ARMA Update Read more…

• ARMA UpdatesApril 30, 2021

  Government Regulation No. 5 of 2021 and Government Regulation No. 6 of 2021: Ease of Doing Business Through Risk-Based Business Licensing

    One of the major changes that made by the enactment of Law No. 11 of 2020 on Job Creation (known as Omnibus Law) is the ease in business licensing. Therefore, through its implementing regulations, the Government enacted regulations regarding the risk-based business licensing. This ARMA Update will discuss the general overview about GR 5/2021 Read more…

• ARMA UpdatesMarch 25, 2021

  Presidential Regulation No. 10 of 2021 on Investment Business Activity : The Major Changes in the Indonesia’s Investment Climate

    One of the major changes that made by the enactment of Law No. 11 of 2020 on Job Creation (known as Omnibus Law) is concerning the investment line of business. Omnibus Law through its implementing regulation is massively changing the regime of the line of business for investment, mostly relaxing some of the restrictions Read more…

• ARMA UpdatesOctober 21, 2020

  Omnibus Law (Vol 3): Employment

    On 5 October 2020, the House of Representative passed the Job Creation Law (known as “Omnibus Law”). The Omnibus Law is expected to enhance the ease of investment in Indonesia through some amendments on various laws. In this ARMA Update Volume 3, we discuss further related to laws concerning Employment which one of the Read more…