TAXES
LAW
1
Schulz Noack Bärwinkel
2 Banking and Finance
2 Corporate Law
3 Compliance
Luther LLP in collaboration with
Maqdir Ismail & Partners
4 Investment Law
4 Legal Audit
5 Arbitration
KPMG Indonesia c/o Siddharta
& Widjaja
6 Corporate Tax
6 Corporate Tax / Transfer
Pricing
7 Individual Taxation
PT Roedl Consulting
8 Tax Audits and Litigation
8 Tax Audits and Litigation
9 Debt to Equity Ratio
N E W S L E T T E R
TAXES
9
th
Edition | June 2018
TABLE OF CONTENTS
LAW
I
nlinewiththisedition’sthemeofDigitalization,
I would like to express my appreciation to
the Government of Indonesia for its effort
in transforming itself, not only in encouraging
the digitalization of the private sector, but
also in reaching complete E-governance with
the newly signed Government Regulation
No.24/2018 on Electronic Integrated Licensing
Service.
Under this platform, business licenses can
now be issued by Ministers, the heads of
institutions, Governors, Regents or Mayors
in accordance to their authority, or by other
officials who have been delegated by the
issuing authority to approve business license
applications. This online platform have shown
the Indonesian Government’s intention in
making sure that the people can continually
receive reports of government performance in
an actual and transparent manner. In addition,
it also reduces budget costs, while further
promoting efficiency in day-to-day matter.
In consideration of the Government of
Indonesia’s target of reaching rank 40 in the
World Bank’s Ease-of-Doing Business Index
Dear Members, dear Readers,
Cassandra S. Paulira
Head of Corporate Services
for the year 2019, the issuance of Presidential
Regulation No. 91/2017 on the Acceleration
of Doing Business on September 26, 2017 as
part of the overall reform of doing business
in Indonesia, has also began to show signs
of making an impact. Careful regulation
amendments have also been made in order to
make sure that no time is wasted.
Nevertheless, the existing structures of the
Indonesian legal system continue to impose
obstacles for foreign investors in various
fields of law, such as labor, tax, corporate,
compliance and litigation. Thus, we have asked
some of the most high profile and expert law
firms, coming from Indonesian as well as those
with international background and experience,
to discuss these issues and to share their
insights with you as a reader exclusively for
our Newsletter.
We wish you a pleasant reading and the best
success.
