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Strategic VAT Subsidies: Accelerating Domestic Component Level in Indonesia’s EVs

The Domestic Component Level (Tingkat Komponen Dalam Negeri or TKDN) certification has become an essential element in the progress of industries in Indonesia. Business actors must take a crucial step of securing government assistance for TKDN certification. TKDN, represents the proportion of domestically produced components’ value. This concept encompasses a wide array of products, spanning both goods and services, along…

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Company’s Mandatory in Reporting of Job Vacancies

On September 25, 2023, the President of the Republic of Indonesia, Joko Widodo, signed Presidential Regulation No.57 of 2023 regarding Mandatory Reporting of Job Vacancies, which repealed Presidential Decree No.4 of 1980 concerning Mandatory Reporting of Job Vacancies. This regulation was issued with the aim of improving the service of workforce placement within a unified labor market by ensuring the availability of accurate and suitable job vacancy information.

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Indonesia’s Annual Data Protection Summit

Welcome to Indonesia’s Annual Data Protection Summit – a must-attend, free online event prioritizes the enhancement of data security in Indonesia. Taking place on Thursday, 14 December, with the theme ‘Safeguarding The Effective Implementation of PDP Law: Public and Private Sectors Perspectives’, featuring valuable insights from key exclusive industry sectors. Connect with industry leaders, experts, and professionals in the field of data protection. Whether you’re looking to expand your knowledge, actively involved in data-related…

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The Strategic Role of TKDN Certification in Supporting the Domestic Industry

The Domestic Component Level (Tingkat Komponen Dalam Negeri or TKDN) certification has become a crucial factor in the development of industries in Indonesia. Government support for obtaining TKDN certification is a vital step that business actors need to take. Before delving further, it is essential to understand the concept of TKDN and why it plays a strategic role in the development of the domestic industry.

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ISO 27001:2013 – Enhancing Information Security and Customer Trust

In the advancing digital era, safeguarding data and information has become a crucial challenge for organizations across various sectors. Cyber threats are evolving, and information breaches can have serious ramifications for both businesses and individuals. This is where ISO 27001:2013, the international standard for Information Security Management Systems (ISMS), plays a vital role in assisting organizations in effectively managing and protecting information.

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Retail Trade and Department Stores Partnerships: Supporting MSEs in Indonesia

Indonesia is one of the countries with a rapid growing retail sector. An essential component of this industry involves the retailing of various non-food, non-beverage, or tobacco-related items in supermarkets or department stores. In an effort to develop this sector while supporting micro and small enterprises (MSEs), the government has issued regulations and guidelines that govern partnerships in this retail trade.

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Foreign Entities Providing Loans and Holding Mortgage Rights in Indonesia

In the realm of real estate development and financing, foreign entities have shown a growing interest in contributing to infrastructure development and investment in various countries, including Indonesia. One mechanism that has gained attention is the concept of foreign entities providing loans and holding mortgage rights, also known as “Hak Tanggungan” in Indonesian law. This practice has the potential to support the expansion of infrastructure…

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Data Retention Within The Framework of Personal Data Protection in Indonesia

In the advancing digital era, personal data protection has become a crucial concern for individuals and organizations worldwide. Indonesia is no exception, responding to this need with the enactment of Law No. 27 of 2022 on Personal Data Protection (PDP Law). One vital aspect addressed by this law is the retention of personal data. Data retention refers to the policies governing the storage and management of personal data by data controllers. This article will…

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Tax on Benefit In Kind

Starting from the 2022 tax year, income in the form of compensation received due to work or services rendered will be considered taxable income for the recipient. It may also be subject to taxation for the provider based on Law No.7 of 2021 concerning the Harmonization of Tax Regulations (“Law 7/2021”). Benefits in kind are a form of goods given to individuals or workers that does not involve cash payments. While companies generally provide salaries…

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Foreign Investment Opportunities in Carbon Exchange in Indonesia, Post POJK No.14/2023

In August 2023, Indonesia ratified Financial Services Authority Regulation No.14 of 2023 concerning Carbon Trading Through Carbon Exchange (“POJK No.14/2023”). This opens up attractive investment opportunities for foreign nationals interested in participating in carbon market in the country. The regulations outlined below identify several opportunities for foreign investors interested…

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