Income tax is imposed to an individual or individuals and entities with regard to their income received or accrued during the tax year. Subject to Tax e.g.: a. 1) Individual; 2) Undivided inheritance as a single unit in lieu of the right of the heirs: Undivided inheritance as a single unit is subject to the … Continue reading Subject to Income Tax in Indonesia
The Investment Coordinating Body of Indonesia ("BKPM") issued BKPM Regulation No. 12 of 2009 regarding Guidelines and Procedures Application (December 23, 2009) (“BKPM Reg 12/09”) that replaced the previous BKPM Regulations on the Guidelines and Procedures for Investment Applications under Domestic and Foreign Investments. There are several points to be highlighted amongst others: the application … Continue reading NEW BKPM REGULATIONS ON GUIDELINES AND PROCEDURES FOR INVESTMENT APPLICATIONS
The foreign Investors can own land in Indonesia under certain land titles. Therefore, the foreign investors must aware of the following land titles: Right of Ownership, Right of Build, Right of Exploitation, and Right of Use. Law No. 5 of 1960 regarding Basic Agrarian Law created a uniform, though somewhat complex, system of land rights … Continue reading Can Foreign Investors own Land in Indonesia?
A. ESTABLISHING A FOREIGN INVESTMENT COMPANY Investment in Indonesia is regulated mainly by New Investment Law No.25 of 2007 (April 26, 2007) (“Law 25/07”). Law 25/07 integrates the previous investment laws and its implementing regulations to some extent, but deals with some of the bottlenecks frequently cited by foreign investors doing business in the country. … Continue reading Investing in Indonesia
Two persons who are subject to different laws, one is an Indonesian citizen and other is a foreign citizen, wish to get married, is called “Mixed Marriage” pursuant to Art. 57 of Law No.1 of 1974 regarding Marriage (January 2, 1974) (“Law 1/74”). There are certain legal issues arising in a Mixed Marriage. General Property … Continue reading Legal Implication of Mixed Marriage in Indonesia