Indonesia has increased the premiums for its national health and pension insurance schemes.
Indonesia’s healthcare industry presents a lucrative investment opportunity for foreign investors given its large market size.
Indonesia’s Ministry of Trade issued Reg 59/2020 in June 2020 that limits the number of industries allowed to import manufactured goods.
Indonesia’s government made significant amendments to the country’s Mining Law as it aims to attract more downstream investment into the sector.
Indonesia issues new criteria for businesses to receive licenses for the distribution of cosmetic products.
Indonesia’s Director-General of Tax has determined the criteria for which foreign digital service providers can collect VAT.
Indonesia issued Reg 71/2020, which appointed state-owned insurance providers to provide guarantees for banks providing working capital loans for MSMEs.
The Indonesian government has granted tax incentives and deductions for domestic taxpayers who have contributed to tackling the COVID-19.
Indonesia introduced Reg 48/2020 in May 2020, which imposes a 10 percent VAT on digital service providers.
Indonesia’s issued implementing Regulation 65/2020, which addresses the criteria for which businesses can receive interest subsidies.