Blog Posts

Indonesian E-commerce Companies to Be Required to Apply for Tax Numbers

November 5, 2018

E-commerce has become a very prolific industry in the Indonesian economy which is legislators have decided to regulate this sector, as until now no specific regulations existed for companies operating on the Internet. One of the first decisions of the government implies for e-commerce companies obtain tax identification numbers

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Indonesia to Sign New Trade Deal with Australia

October 17, 2018

Indonesia and Australia have entered negotiations with respect to a new economic partnership in 2016 and by the end of this year, the agreement is expected to be completed. The Indonesia-Australia Comprehensive Economic Partnership Agreement shortly referred to as IA-CEPA will eliminate export tariffs and will increase economic cooperation between the two countries. 

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Indonesia Relaxes Tax Regulations for the Mining Industry

August 24, 2018

The Freeport Indonesia is one of the largest mining sites owned by the Indonesian government, which is why the government decided to improve the tax regulations related to this activity for miners converting work contracts into mining permits. The new tax regulations were issued in July and provide for improved tax regulations for miners.

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Indonesian Central Bank to Help Companies Reach New International Markets

July 26, 2018

The Indonesian economy is supported by small and medium-sized enterprises (SMEs) which currently operate at a local level only. This is why the Indonesian National Bank has decided to help these companies and micro-enterprises in expanding abroad. Moreover, the Central bank will help them improve the quality of their products in order to be competitive in the international market, as well. 

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Indonesia to Launch an Online Single Submission System

June 29, 2018

At the of last year, the Indonesian government issued Regulation 91/2017 through which an online single submission (OSS) system for company registration would be launched this year. The system is now up and only needs to be updated; also, personnel is to be hired. One thing is for sure, though: the OSS has raised the interest of foreign investors who want to come to Indonesia

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Indonesia Registered 5.1% Economic Increase at the Beginning of 2018

June 20, 2018

At the beginning of June, the World Bank released its report on Indonesia’s economy during the first months of this year, a report which brings good news for the country’s economic results. The first quarter of the year was very good for Indonesia with a year-on-year increase of 5.1%. 

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Indonesia Ready to Shift from Traditional to Digital Economy

May 30, 2018

Indonesia is slowly but surely exchanging the traditional economy for the digital one, according to specialists attending a conference on blockchain and financial technology held in Jakarta. Indonesia plans on becoming one of the most important digital economies in Southeast Asia in the years to come. 

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Indonesia to Simplify Work Visa Process for Foreign Employees

April 18, 2018

Indonesia has one of the largest workforces in the world, considering its population, however there are industries in which specialists are still necessary and companies find themselves in the position of hiring foreign employees. The employment of foreign workers was somehow difficult until the beginning of this year when the government issued Regulation No. 20/2018 related to the Use of Foreign Workers

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Indonesian Government to Expand the Link and Match Program

March 27, 2018

Indonesia has one of the largest populations in the world which means it also has a developed workforce, however it is still difficult for companies here to find the right employees. This is why the Ministry for Industry created the Link and Match program through which employers can find suitable candidates or students which they can prepare easier.

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Private Companies Allowed to Bid for Mining Concessions in Indonesia

March 23, 2018

Indonesia has very strict laws related to certain industries and the participation of foreign investors and companies in their exploitation. One of these industries is mining, for which special authorizations are required. Indonesia is a rich country from the natural resources point of view, which is why the government decided to allow private companies owned by foreign investors to bid for mining concessions

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Indonesian Economy Grew by 5.1% in 2017

February 16, 2018

For a few years now, Indonesia is considered the largest economy in Southeast Asia, a fact which is confirmed by the latest economic studies indicating the country’s performance. The last two years brought an increase of more than 5% to Indonesia’s Gross Domestic Product (GDP), with 2017 being one of the best years in the last decade. If you want to open a company in Indonesia, our local consultants can guide you through the company registration process.

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