Sets the maximum benefit amounts that can be received through the JHT by participants whenever they apply for housing financing facilities. Said benefits break down as follows: 1) Down Payments for Housing Facilities (Pinjaman Uang Muka Perumahan) = Rp. 150 million; 2) Mortgage-Loan Facilities (Kredit Pemilikan Rumah) = Rp. 500 million; 3) House-Renovation Facilities (Pinjaman Renovasi Perumahan) = Rp. 200 million; and 4) Other benefits, which are provided in the form of financing for employee housing complexes
In comparison with Regulation 2/2005, Regulation 100/2021 sets out a more extensive list of requirements for Candidates
In terms of bankruptcy proceedings, one of the most notable revisions contained within the draft amendment is the additional requirements that will be introduced in relation to declarations of bankruptcy. In addition to fulfilling the existing requirements, debtors must also reach a minimum debt threshold in order for bankruptcy cases to be filed by creditors
The maximum threshold for the granting of loans or financing to a single customer is set at 10% of an LKMs equity. However, this limit may be increased to 20% of an LKM's equity if a customer satisfies the following conditions: 1) The customer must have a good track record with the LKM in question; and 2) The granting of loans or funding must be accompanied by collateral or credit guarantees which meet the minimum value of the relevant loans or financing
Business actors aiming to become producers of other forms of duty stamps must be registered taxpayers and fulfill one of the following requirements: 1) Must own a digital imprinting machine for duty stamps (which can be used to produce affixed duty stamps); 2) Must produce payable duty stamps (terutang bea meterai) in amounts of over 1,000 documents within a single month and must own devices capable of producing computerized duty stamps; or 3) Must operate a printing business and have secured the relevant operational license and stipulation as a printing company
Securities companies with control over other entities are required to consolidate the financial statements of said entities into consolidated financial statements. Securities companies are considered to have control over other entities if they meet the following conditions: 1) Exercise control over any parties that are receiving investments; 2) Possess exposure or rights relating to variable return as a result of their involvement with any parties which are receiving investment; and 3) Are able to exercise their authority over any parties which are receiving investment in order to influence the amount of variable investor return
Electronic stamps are to be processed through the Electronic Stamp System for use on documents that require stamp duty. Said processing should take into account the utilization guidelines which are an integral part of the Electronic Stamp System
Various methods of supervision which may be implemented by Companies encompass the following: 1) Monitoring; 2) Auditing and technical verifications; 3) Inspections; and 4) Surveillance. It is important to note that all of the above-listed methods of supervision should be implemented in ways that are fully integrated into both the SIInas system and the Electronically Integrated Business Licensing System
By 1 April 2022, a carbon tax will be imposed upon any individuals or entities that purchase carbon-containing goods and/or that engage in activities that produce carbon emissions
The proposed revisions to the scope of reassessment include: 1) Expansion of the definition of bank executive officers; 2) Introduction of a new elaboration which addresses the act of inhibiting or interfering with the efforts and implementing authority of the OJK/other primary parties/other parties; and 3) Addition of discussions on the problems of integrity, financial feasibility, financial reputation and/or competence