TAXES
LAW
1
Schulz Noack Bärwinkel
2 Power Projects
2 Corporate
3 M&A
LUBIS, SANTOSA & MARAMIS
Law Firm
4 Intellectual Property Rights
4 Arbitration
5 Infrastructure
Luther LLP in collaboration with
Maqdir Ismail & Partners
6 Natural Resources
6 Labor
7 Labor
KPMG Indonesia c/o Siddharta
& Widjaja
8 Tax Audit
8 Corporate Taxation
9 Corporate Taxation
PT Roedl Consulting
10 Tax Crime
10 International Tax Law
11 Trading PMA Company
Kudri & Djamaris, Attorneys –
Counsellors at Laws
12 Banking and Finance
12 Corporate Law
13 Restructuring and
Insolvency
N E W S L E T T E R
TAXES
7
th
Edition | June 2017
TABLE OF CONTENTS
LAW
It is my pleasure to welcome you again to the 7
th
edition of Newsletter Law and Taxes.
The beginning to the second half of 2017
is marked by a number of interesting
developments, but perhaps the most recent
and interesting development is the upgrade
of Indonesia investment grade by the last of
the three major rating agencies, Standard and
Poor’s (S&P). The agency upgraded Indonesia’s
sovereign rating to investment grade on May
19, citing reduced risks regarding the country’s
fiscal condition due to an increased focus
on realistic budgeting. This upgrade follows
Fitch, which upgraded Indonesia to investment
grade in December 2011, and then Moody’s in
January 2012.
It is not immediately clear how the upgrade will
affect Indonesia’s foreign direct investment.
Many analysts have understandably concluded
that foreign direct investment to Indonesia
will see an increase. But as Indonesia has had
investment grade status from the other two
major agencies for over five years, the question
has been less about “when”, but more about
“howmuch exactly”. Whatever the case may be,
Indonesia’s macroeconomic outlook remains
stable, if not positive.
Dear Members, dear Readers,
Cassandra S. Paulira
Head of Corporate Services
In this edition of Newsletter Law & Taxes our
cooperation partners share their expertise on
recent Indonesian legal and tax developments
including but not limited to the Banking and
Finance, Corporate Law, Tax Audit, Corporate
Taxation, Intellectual Property Rights, Arbitration,
Infrastructure, Natural Resources, Labor, Access
to Financial Information for Tax Purposes, Tax
Treaty, Trade Law, and Power Projects.
We have also published, in cooperation with our
partner SchulzNoackBärwinkel, our first Network
Law and Taxes “Compliance in Indonesia 2017:
A Guide into Compliance Practice in Indonesia”.
The Publication offers firsthand analysis and
testimonies fromcorporate legal experts who are
active in Indonesia on the topic of compliance. I
urge you give this publication a read and I hope
that it can be of some assistance to you in your
future endeavors.
I would like to thank our cooperation partners
who shared their valuable insight. We hope that
you find this edition of EKONID’s Newsletter Law
& Taxes to be both informative and interesting.
