GCG assessments and evaluations should be carried out by filling out the relevant forms in three phases (i.e. comprehension, analysis and conclusion). Upon finalizing an assessment or evaluation, the assessor or evaluator in question should then determine a quality score for the GCG application, which may range from Excellent to Bad grades

The obligation to submit quarterly financial statements has also now been removed. Companies are instead now required to draw up and maintain a detailed list of related parties and investment recipient groups who are not related parties for investments in assets other than sub-funds and investments in sub-fund assets

Free Visit Visas, VoA for tourism and e-VOA may be used by foreign citizens in order to carry out the following activities: 1) Tourist visits; 2) Government duty visits; 3) Business talk visits; 4) Visits to purchase goods; 5) Meeting visits; or 6) Transits

Income in the form of compensation for the following services related to gold jewelry, gold bullion, jewelry made entirely of non-gold materials, gemstones and/or other similar stones is now defined as a PPh object (Article-21 or Article-23 PPh, depending on the taxpayer type): 1) Modifications; 2) Repairs; 3) Coatings; 4) Gildings; 5) Cleaning; and 6) Other services which are other names for the aforementioned services

Domestic corporate taxpayers that: 1) Take the form of publicly-traded companies; 2) Have a total number of paid-up shares that are traded through the stock exchange in Indonesia in amounts of at least 40%; and 3) Meet certain requirements, may enjoy rates of 3% lower than the stipulated rate of 22%. The requirements in question include the obligation for publicly-traded company taxpayers to submit reports to the Directorate-General of Tax

The provision of SPKLU and BEV parking zones are addressed under Regulation 55/2019 on the Acceleration of the Battery-Powered Electric-Motor Vehicle for Road Transportation Program, while said parking zones are subject to fiscal (e.g. parking tariffs in areas determined by the relevant regional governments and/or reduced recharging fees at SPKLU) and non-fiscal incentives that are available to parties that utilize BEV (e.g. individuals, public transportation companies, Electric Motorcycle battery swap providers, BEV and/or BEV component manufacturers)

the Financial Services Authority is currently preparing for the promulgation of implementing provisions that relate to the organization of information technology-based co-funding services

PT Bursa Efek Indonesia is gradually reinstating trading policies that were previously in place prior to the various relaxations that were introduced during the COVID-19 pandemic

Candidate IP Consultants are required to take IP Consultants examinations after they have participated in mandatory IP Consultant training programs , both of which are mandatory IP Consultant appointment requirements

Indonesia Stock Exchange regulations will now revert to the original provisions that were in place prior to the COVID-19 pandemic, meaning that various forms of relaxation under certain conditions will no longer be available