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CNSearch ASEAN Briefing News
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Indonesia Increases Social Security Premium for 2020
Indonesia has increased the premiums for its national health and pension insurance schemes.
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Indonesia’s Healthcare Industry: Growing Opportunities for Foreign Investors
Indonesia’s healthcare industry presents a lucrative investment opportunity for foreign investors given its large market size.
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Indonesia Allows the Import of Certain Manufactured Goods Hoping to Kick-Start Local Production
Indonesia’s Ministry of Trade issued Reg 59/2020 in June 2020 that limits the number of industries allowed to import manufactured goods.
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Indonesia Amends Mining Law to Encourage More Downstream Investment
Indonesia’s government made significant amendments to the country’s Mining Law as it aims to attract more downstream investment into the sector.
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Indonesia’s Regulation on Cosmetic Products Notifications Provides Criteria for License Distribution
Indonesia issues new criteria for businesses to receive licenses for the distribution of cosmetic products.
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New Criteria for Foreign Digital Service Providers to Collect VAT in Indonesia
Indonesia’s Director-General of Tax has determined the criteria for which foreign digital service providers can collect VAT.
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Indonesia Issues Regulation on Working Capital Incentives for MSMEs
Indonesia issued Reg 71/2020, which appointed state-owned insurance providers to provide guarantees for banks providing working capital loans for MSMEs.
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Indonesia Issues Tax Incentives for COVID-19 Support
The Indonesian government has granted tax incentives and deductions for domestic taxpayers who have contributed to tackling the COVID-19.
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Indonesia Issues Regulation on Taxing Digital Services
Indonesia introduced Reg 48/2020 in May 2020, which imposes a 10 percent VAT on digital service providers.
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Indonesia Issues Implementing Regulation for Interest Subsidies Program
Indonesia’s issued implementing Regulation 65/2020, which addresses the criteria for which businesses can receive interest subsidies.
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