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.
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.
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.
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.
Indonesia Issues Implementing Regulation for E-commerce Sector: Key Features
In May 2020, Indonesia issued Regulation 50 of 2020, which is an implementing regulation for the country’s Law on E-commerce.
Indonesia Issues Safety Guidelines for Businesses Post Lockdown
Indonesia’s Ministry of Health issued Decree 228/2020, which provides safety guidelines for businesses after the lockdown ends.
Indonesia’s COVID-19 Immigration Measures: Latest Updates
Indonesia issued new health protocols for international arrivals at all its ports of entry, requiring everyone to undergo PCR testing and quarantine.
Indonesia Launches National Economic Recovery Program
Indonesia launched the National Economic Recovery program on May 11, 2020, which provides the latest stimulus policies for the economy.
Indonesia’s BKPM Issues Guidelines on Electronic Business Licensing
Indonesia’s Investment Coordinating Board issued Reg BKPM1/2020, which provides guidelines on the implementation of its electronic business licensing service.
More Businesses in Indonesia to Avail Special Tax Incentives as Part of COVID-19 Stimulus
The Indonesian government is planning to extend the business sectors eligible for tax incentives set out in the second COVID-19 stimulus package.