ARMA Updates
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ARMA UpdatesSeptember 9, 2022
Regulation of the Minister of Trade of the Republic of Indonesia No. 40 of 2022: Amendments concerning Goods Prohibited from Export and Goods Prohibited from Import
On 14 June 2022, the Minister of Trade of the Republic of Indonesia (“Minister of Trade”) has enacted the Minister of Trade Regulation Number 40 of 2022 concerning Amendments to the Regulation of the Minister of Trade Number 18 of 2021 concerning Goods Prohibited from Export and Goods Prohibited from Import (“MoT Reg 40/2022”). Read more…
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ARMA UpdatesSeptember 6, 2022
Circular Letter Number 208/BAPPEBTI/SE/08/2022: Moratorium of the Issuance of Registration Permits for Physical Crypto Assets Traders Candidates
Indonesia’s Commodity Futures Trading Supervisory Agency (“Bappebti”) issued a Circular Letter Number 208/BAPPEBTI/SE/08/2022 concerning Moratorium of the Issuance of Registration Permits for Physical Crypto Assets Traders Candidates (“Circular”). The scope of the Circular is regarding the discontinuation of registration permits as one of licensing forms for Physical Crypto Assets Traders Candidates. Please see our Read more…
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ARMA UpdatesAugust 22, 2022
DGMT Letter 12 2022: Fulfilment of Seaworthiness Requirements to Be Required for Containers-Shipping Barge
In order to uphold the White List status of the Memorandum of Understanding on Port State Control in the Asia-Pacific Region (“Tokyo MoU”), Directorate General of Marine Transportation of the Republic of Indonesia (“DGMT”) has issued Director General of Marine Transportation Letter No. AL.012/3/11/DJPL/2022 of 2022 concerning Submission of Seaworthiness Requirements Fulfillment Obligation for Barges Read more…
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ARMA UpdatesAugust 15, 2022
Enforcement of the New Format of Taxpayer Identification Number (Nomor Pokok Wajib Pajak – NPWP)
In the last October 2021, the government enacted Law No. 7 of 2021 regarding Harmonization of Tax Regulations, which regulates and amends various provisions in the field of taxation, one of which is in the general provisions of taxation by stipulating that the National Identity Number (Nomor Induk Kependudukan – NIK) will be the Read more…
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ARMA UpdatesAugust 10, 2022
Electronic Mediation in Court
According to Indonesian civil procedural law, prior to the process of examining the main case, the judges be in charge of the dispute is obliged to reconcile the parties through the mediation process as a manifestation of the implementation of a simple, fast, and low-cost judiciary proceedings. Currently, due to the development of technology, Read more…
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ARMA UpdatesAugust 8, 2022
Intellectual Property as a Debt Collateral or Financing
All creators, musicians and all creative industry actors have a chance to using the intellectual property as one of the debt collaterals. This change is introduced by Government Regulation Number 24 of 2022 concerning implementation regulation of the Law Number 24 of 2019 concerning Creative Economy (“GR 24/2022”). This ARMA Update will address the Read more…
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ARMA UpdatesAugust 5, 2022
[Indonesia Visa] – Update on Foreign Visitors Relaxation Policy
The Directorate General of Immigration of Indonesia (“DGI”) has promulgated the Circular Letter of the Director General of Immigration No. IMI-0650.GR.01.01 of 2022 concerning Ease of Immigration in Order to Support Sustainable Tourism During the 2019 Corona Virus Disease Pandemic. Through the circular letter, DGI has included more countries and entry points for the Read more…
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ARMA UpdatesJuly 28, 2022
[Yayasan] – A Guideline to Foundations in Indonesia
A foundation is a legal entity established for social, religious, or humanitarian purposes, which may be established for an indefinite term, which is regulated by Law No. 16 of 2001 regarding Foundation as amended by Law No. 28 of 2004 (“Foundation Law”), Law No. 17 of 2013 regarding Civil Society Organization as amended by Read more…
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ARMA UpdatesJuly 26, 2022
SOLAS – Safety Regulation on Non-Convention Vessel in Indonesia
Maritime-based tourism in Indonesia has been subject of interest amongst domestic and international tourist alike. Especially an ‘island-hopping’ tourism by using traditional vessel called ‘Phinisi’ that can sail on the coastal area of Indonesian archipelago. The increasing number of using traditional vessel also increase a number of growing concerns regarding the safety of voyage Read more…
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ARMA UpdatesJuly 13, 2022
The Development of the Indonesian Carbon Market after Presidential Regulation No. 98 of 2021: What’s Next?
Presidential Regulation No. 98 of 2021 concerning the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution Targets and Control of Greenhouse Gas Emissions in National Development (“PR 98/2021”) was issued the past year to reduce greenhouse gasses (“GHG”) and achieve Indonesia’s Nationally Determined Contribution (“NDC”). The regulation also stipulates the implementation of Read more…