Indonesia’s economic landscape is a captivating tapestry woven with threads of rich cultural heritage, a strategic geographic location, and a population exceeding 270 million. This powerful combination fosters a business environment brimming with potential for foreign enterprises. However, venturing into this dynamic market necessitates navigating a comprehensive legal framework. A crucial first step in ensuring […]
Investment is a crucial factor in driving economic growth for companies, projects, and even nations. According to the Indonesian Dictionary (KBBI), investment is the allocation of capital in an entity to generate profit. To bolster the national economy, the Indonesian government recently revised laws related to business, investment, taxation, labour, and more. These revisions aim […]
Indonesia’s burgeoning consumer markets, particularly in food, cosmetics, and pharmaceuticals, present lucrative opportunities for foreign businesses. However, navigating the regulatory landscape, especially with the Badan Pengawas Obat dan Makanan (BPOM), is crucial for successful market entry. This guide offers an updated overview of BPOM regulations and the product registration process. Understanding BPOM: The Indonesian Food […]
Indonesia remains a key destination for foreign direct investment (FDI), with inflows reaching USD 22.12 billion in Q1 2024, signifying a 4.9% year-on-year growth according to the Investment Ministry/BKPM. However, various economic and operational factors may necessitate a foreign-owned company to cease operations in Indonesia. This guide provides an overview of the company dissolution process […]
Indonesia’s Chief Economics Minister, Airlangga Hartarto, has recently reconfirmed the government’s plan to raise the Value Added Tax (VAT) rate from 11% to 12% in January 2025. This increase, the second stage of a two-part hike originally outlined in the Tax Harmonisation Law, aims to broaden the tax base and boost revenue for Southeast Asia’s […]
Tax season in Indonesia has arrived once again, signalling individuals and corporates in Indonesia to report the past year’s financial activity. With the deadline for filing just around the corner, it’s crucial to stay informed on the latest tax laws and regulations governing your obligations as a taxpayer. Regardless of your employment status or type […]
