It is good weather in New York! I wore tribal pants from Kivee and Chevron tote bag from Little Treasure. I heart Indonesian products.
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
Foreigners can open restaurants in Indonesia. However, foreigners must have an Indonesian Partner(s). Based on the negative list regulation (Government Regulation 36/2010) on List of Business that opens/closes for the Foreign Investment, stipulates that the composition of shares of the Foreigner(s) is maximum 51% for restaurant industries. The foreigner(s) and Indonesian partner(s) enter a joint venture … Continue reading Can Foreigners Open Restaurant in Indonesia
Most of agreements in Indonesia stipulate the waiver of Article 1266 and 1267 Civil Code because in the event of default or non-fulfillment of agreements by one of Parties, then: a. The parties do not have to obtain the Court approval in order to terminate the Agreement. The termination of agreement can be conducted with … Continue reading Waiving Article 1266 and Article 1267 Indonesia Civil Code
Introduction Each member state that enters to the international environmental agreement must acknowledge the provisions of dispute settlement. The United Nations (“UN”) system provides various options on dispute settlement such as but not limited to negotiation, enquiry, mediation, conciliation, arbitration, and judicial settlement (refer to Article 33 (1) of UN Charter). Negotiation consists of a … Continue reading Which Institutions of the UN System are available for environmental Dispute Settlement?
INTRODUCTION Environmental degradation is a global concern. Pollution in one country can have negative impacts on another. Therefore, international cooperation is imperative to dealing with environmental problems. One way in which the world community addresses environmental problems is through the development of international environmental conventions. These conventions are the foundation of international environmental law. While … Continue reading The Compliance with International Environmental Law – Indonesia
I attended briefing meetings of the new draft of Negative List of Investment in Indonesia couple weeks ago. Mr. Gita Wirjawan, the Head of Coordinating Investment Body of Indonesia ("Badan Koordinasi Penanaman Modal or BKPM") gave insight overview on the said draft. He stated that the new negative list of investment will be issued soon. … Continue reading The New Draft of Negative List of Investment in Indonesia