The sanctions associated with Indonesia’s Personal Data Protection Law (UU PDP) will become fully enforceable on October 16, 2024. President Joko Widodo signed into law UU No 27 Tahun 2022, also known as Indonesia’s Personal Data Protection Law (UU PDP), on October 17, 2022. This law requires every individual, public entity, and international organization processing the personal data…
In the rapidly evolving business landscape of Southeast Asia, securing investments has emerged as a paramount concern for global companies eyeing opportunities in the region. At Schinder Law Firm, we uphold the philosophy that “effective risk management leads to greater returns.” Recognizing the importance of navigating legal terrains…
The General Meeting of Shareholders (“GMS”) is a pivotal within a company, holding exclusive authority distinct from the Board of Directors or Board of Commissioners, as defined by the Law No.40 of 2007 concerning Limited Liability Company (the “Company Law”) and its amendments, alongside the company’s articles of association. Article 78 of the Company Law divides the GMS into two categories: the annual GMS…
The Annual General Meeting Shareholders of a Limited Liability Company in Indonesia Read More »
The Indonesian Government has officially issued derivative regulations regarding the exemption of import duties for completely built-up (CBU) electric cars, which are effective until December 31, 2025. These provisions are governed by Minister of Investment/Head of the Investment Coordinating Board Regulation No. 6 of 2023 concerning Guidelines and Governance…
Import of Completely Built-up (CBU) Electric Cars Officially Duty-Free Until 2025 Read More »
Religious Holiday Allowance (Tunjangan Hari Raya or “THR”) is one of the rights of a worker, serving as both a tradition and an effort to meet the needs of workers and their families in celebrating religious holidays to improve welfare and protection. THR is regulated under the Ministry of Manpower Regulation Number 6 of 2016 concerning Religious Holiday Allowance for Workers/Laborers in Companies…
Implementation of 2024 Religious Holiday Allowances for Workers in Companies Read More »
As we enter 2024, the Law on State Revenue and Expenditure Budget (Anggaran Pendapatan dan Belanja Negara or “APBN”) has set an ambitious target for tax revenue, aiming to reach Rp246,07 trillion, as revealed by the Ministry of Finance, Sri Mulyani Indrawati. This marks a significant increase from the previous year’s tax revenue of Rp221,8 trillion. One of the key reasons behind this surge is…
As technological advancements progress, Indonesia is also making significant strides in various sectors, particularly in the realm of data management. On December 4, 2023, President Joko Widodo officially introduced and distributed electronic land certificates (“e-certificates”) nationwide at the State Palace in Jakarta. E-certificates are digital documents issued through an electronic system. They encompass information created…
Are you in the process of finding the perfect boarding school for your child? The United Kingdom stands out as one of the world’s most sought-after destinations for higher education, boasting an annual enrollment of over 500,000 international students. When embarking on the journey to find the right boarding school, location takes center stage. Proximity to close family members or guardians is often a key consideration, making it essential to strike a balance between accessibility and connection. Exploring options with good transport…
Exploring the Ideal Boarding School: A Guide for Parents Read More »
The Ministry of Trade (“MoT”) has implemented a revision of MoT Regulation No.50 of 2020 to enhance the protection of domestic business actors, specifically in the e-commerce sector. MoT Regulation No.31 of 2023 (“MoTR No.31 of 2023”) came into effect on 26 September 2023, regulating Business Licensing, Advertising, Development, and Supervision of Business Activities in Trading Through Electronic Systems…
Complying with the rules is certainly one for the main factors of upholding a conducive and efficient climate of capital investment. In Indonesia, whether you are an individual or business entity running an investment company (“investors”), foreign or domestic, in making capital investments in Indonesia there are certain obligations and procedures that one must follow. One of which is stipulated in…
LKPM Reporting Transparency Commitment: A Reminder for Capital Investment Companies Read More »
