Our discussion encompasses the matters as regards the handovers of taxable goods and/or taxable services, input-tax credit and repayments, tax invoices, procedures for tax payments and deposits, and examinations and investigations

Our discussion will focus on the various new provisions that address the field of income tax and which encompass tax-subject requirements and criteria, as well as taxation treatments and exemptions for certain income-tax objects

Guarantee Funds for the Restoration of Environmental Functions may be independently managed in relation to certain businesses and/or activities that meet the following criteria: 1) Businesses and/or activities characterized by low or medium levels of environmental risk; and/or 2) Businesses and/or activities that do not utilize any natural resources, the planning stages of which involve alterations to the relevant landscapes and also encompass post-operational plans.

As an implementing regulation to the Job Creation Law, Regulation 22/2021 elaborates upon various new concepts that were recently introduced under the umbrella framework of said law, most notably in relation to: 1) The processes involved in the securing of environmental documents, which have now become seemingly simpler in comparison with the previous regime; and 2) The introduction of new provisions that deal with the management of non-B3 waste, which might be expected to provide better clarity in terms of waste management for other business actors which do not generate B3 waste.

While Regulation 34/2021 updates the previous regulatory framework in relation to the utilization of foreign workers and is, in general, aiming to introduce more effective employment procedures for said workers, Regulation 37/2021 sets out the regulatory framework for the newly introduced unemployment insurance program, a new social security program for workers which will provide various benefits when workers lose their employment

As implementing regulations to the Job Creation Law, the frameworks of Regulation 35/2021 and Regulation 36/2021 have made a mark on Indonesias employment landscape by incorporating numerous new and revised provisions that redefine some of these most important manpower issues

The sectors encompass the following: 1) Industry; 2) Trade; 2) Public works and public housing; 4) Transportation; 5) Health, drugs and food; 6) Postal services, telecommunications, broadcasting and electronic systems and transactions; 7) Education and culture; 8) Tourism; 9) Defense and security; and 10) Religious affairs.

As the RPP has finally been promulgated by the government through the issuance of Regulation 5/2021 and now takes its place alongside the various other implementing regulations to the Job Creation Law, it is expected that this new legal framework will finally provide clarity in terms of the organization of risk-based business licensing within the energy and natural resources sectors, as originally addressed under the Job Creation Law

While there are similarities between the RPP and the currently applicable framework of Regulation 24/2018, it is clear that various new elements have been incorporated under the RPP as a result of the introduction of the new risk-based business licensing regime.

As Indonesia finally ratifies the 1961 Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents, the question remains as to whether other international conventions that fall under the auspices of The Hague Conference on Private International Law (HCCH), including the 1965 Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters (Hague Service Convention) and the 1970 Convention on the Taking of Evidence Abroad in Civil or Commercial Matters (Hague Evidence Convention) are suitable for incorporation into Indonesias prevailing legal framework.