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1.

INDONESIA: 1 Billion Rupiah Bank Balances Face Tax Scrutiny

9 June 2017

All bank accounts with a balance of Rupiah 1 billion (US$75,000) or more as of the year-end will be liable to scrutiny by tax officials....Read More

2.

China Set to be World's First Trillion-Dollar E-commerce Market by 2021

8 June 2017

Optimism was widespread at this year's eTail Asia event, with China, India and Indonesia singled out as particularly buoyant markets, while the growth of mobile payment services was seen as key to ope...Read More

3.

Indonesia: Market Profile

24 May 2017

Indonesia’s GDP growth rose by 5% in 2016, thanks in large part to solid household consumption, and is projected by the IMF to pick up slightly to 5.1% in 2017....Read More

4.

INDONESIA: Bank Accounts Now Open to International Tax Scrutiny

22 May 2017

Indonesian tax authorities are to be allowed to access accounts held by both citizens and overseas residents in the country’s banks and other financial institutions....Read More

5.

INDONESIA: Carry-In Foreign Currency to be Capped at US$75,000

17 May 2017

Visitors to the country are to be restricted to bringing in a maximum of US$75,000 in foreign currency. The new limit, set by the country’s central bank, will apply as of 5 March 2018. At present, the...Read More

6.

INDONESIA: Private Sector Financing Sought for National Infrastructure Projects

5 April 2017

The government is looking to stimulate private infrastructure financing through its Government and Business Entity Cooperation (KPBU) initiative ˗ its Public-Private Partnership (PPP) scheme ˗ and its...Read More

7.

INDONESIA: Deadline for Tax Returns Extended to 21 April

5 April 2017

The 31 March deadline for filing of income tax returns has been extended to 21 April for individual tax payers. However, no additional time will be given with regard to payments, with any overdue taxe...Read More

8.

ASEAN in Focus: Indonesia as an Investment Destination

8 March 2017

In order to boost its economy and attract investment, Indonesia’s government is determined to overhaul the country’s essential infrastructure. With the country’s business environment becoming ever mor...Read More

9.

Vast Indonesian Food and Pharma Sectors Lure Overseas Manufacturers

3 March 2017

The sheer size and the rapid projected growth rate of Indonesia's pharmaceutical and food and beverage manufacturing sectors have proven to be irresistible lures to many of the world’s leading process...Read More

10.

ASEAN in Focus: Prospects for Production Bases in Indonesia

1 March 2017

Indonesia, endowed with rich labour and natural resources, is increasingly becoming a manufacturing hotspot. The country’s continued efforts to improve its infrastructure and administrative efficiency...Read More

11.

INDONESIA: End of Five-Year Renewals as Business Licences Are Made Permanent

23 Feb 2017

The validity of both Permanent Business Trading Licences (Surat Izin Usaha Perdagangan - SIUP) and Company Registration Certificates (Tanda Daftar Perusahaan - TDP) is to be extended indefinitely unde...Read More

12.

ASEAN in Focus: The Indonesian Consumer Market

15 Feb 2017

Indonesia’s sizeable population, plus an average of 6% annual economic growth over the past decade, has made the country an enormously appealing consumer market. Coupled with the advantageous confluen...Read More

13.

INDONESIA: SMEs and Professionals Targetted During Closing Weeks of Tax Amnesty

14 Feb 2017

With its nine-month tax amnesty set to end on 31 March, the Indonesian government is focussing on SMEs and professional individuals over the closing weeks of the initiative....Read More

14.

INDONESIA: Three-Hour Infrastructure Licence Processing Introduced for Investors in the Energy and Mineral Resources Sectors

10 Feb 2017

Overseas investors in the energy and mineral resources sectors will now be able to acquire infrastructure licences within three hours....Read More

15.

INDONESIA: Export-Oriented SMEs Now Exempt from Import Duty

8 Feb 2017

Export-oriented SMEs are now exempt from import duty payments on raw materials and other inputs. Under the terms of the newly-adopted Import Tax Waiver for Materials for Export Oriented Goods (KITE), ...Read More

16.

TV Remains Dominant Platform for Multi-sourced Content Across Asia

2 Feb 2017

Despite the challenge of enhanced internet access throughout most of Asia, television has retained a pivotal role, although ever more frequently it is being called upon to host content sourced through...Read More

17.

INDONESIA: Mandatory Halal Certification Looms for Food, Pharmaceuticals and Cosmetics

25 Jan 2017

Halal certification will be mandatory for all food, pharmaceutical and cosmetic products from October 2019. Promoted as a Halal Product Guarantee, the certification forms part of the bid to make Indon...Read More

18.

Indonesian Infrastructure Early Beneficiary of Belt and Road Backing

24 Jan 2017

The setting for the launch of the Belt and Road Initiative, Indonesia has been one of the first to benefit from the massive investment China has subsequently unleashed in order to deliver its ambitiou...Read More

19.

INDONESIA: Licensing Terms and Maximum Loans Announced for Peer-to-Peer Lending Firms

13 Jan 2017

All peer-to-peer (P2P) lending start-ups will have to register and obtain an operating licence from Otoritas Jasa Keuangan (OJK), the country’s financial services authority....Read More

20.

INDONESIA: Import Process for Textile Raw Material Set to be Eased

15 Dec 2016

The government is looking to ease the process of importing raw materials in the textiles sector. Although no specific measures have been announced, it is expected that any such move will seek to make ...Read More

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