The adjustments that have now been introduced to the list of products that are required to comply with the above-listed standards can be summarized as follows: 1) The list of goods that are required to meet Mandatory SNI or technical requirements has been expanded from 119 to 132 types of goods; and 2) The list of measuring tools, balancing tools and supplementary tools subject to mandatory approvals has been shortened from 19 to 17 types of goods

This obligation exempts dual-listed public companies that choose to implement International Financial Accounting Standards (SAK-I). The use of SAK-I as a reference during the preparation of the financial reports of dual-listed public companies will apply during the financial year that commences on or after 1 January 2024

Livestock investments can be performed through the following measures: 1) Analysis and/or investment incentive schemes; 2) Provision of investment information; 3) Investment accompaniment; and 4) Investment monitoring

This new BI-issued legal instrument primarily reaffirms and restructures previously applicable provisions that address short-term liquidity loans (PLJP) but has not made any major adjustments to this previous legal framework

The following categories of benefits and/or incentives are exempted from being categorized as tax objects in terms of the imposition of this type of PPh: 1) Food, food materials, beverages and/or beverage materials for employees; 2) Benefits and/or incentives that are provided in certain regions; 3) Benefits and/or incentives that are required to be provided by employers for work purposes; 4) State-, region- and/or village-funded benefits and/or incentives; and 5) Benefits and/or incentives of certain types and/or with applicable limitations

Bank Indonesia expand and strengthen the efforts to ensure consumer protection through the imposition of additional obligations, prohibitions and administrative sanctions on financial service organizers

In terms of further accommodating various matters relating to digital services, as offered by commercial banks and/or their partners, the following matters have now been introduced under the Draft Regulation, amongst other updated provisions: 1) Digital services whose licensing is regulated by other authorities are not required to secure licenses from the OJK; 2) Digital services in the form of account administration (e.g. account opening or closing, the updating of client data, etc.) must be offered through applications that are owned by the relevant Banks; 3) Various matters relating to personal data protection

Carbon trading, as described under the regulation, encompasses two mechanisms, specifically: 1) Emissions trading; and 2) Greenhouse gas (GRK) emissions offsetting, which is to be implemented by business actors producing emissions that exceed the stipulated GRK emissions ceilings and which can be implemented in relation to nine specific areas, including: blocks of other protected forest areas, peat and mangrove areas within forest areas, conservation forest areas, etc

The new regulation also introduces opsen calculations, which are applicable in relation to three types of taxes, specifically: motor-vehicle tax, duty on transfers of motor-vehicle ownership, and tax on non-metal and rock minerals. The calculation formula all differ for these taxes

The electronic system that is used for land registration activities can now be used for the following activities: 1) First-time land registrations; 2) Maintenance of land registration data; 3) Recordation of data and information changes; and 4) Media transfers (alih media)