This new framework establishes a unified framework by consolidating and replacing provisions originally set out under three existing Financial Services Authority (Otoritas Jasa Keuangan "OJK") Regulations, thereby streamlining the process of conducting fit-and-proper assessments and reassessments of Primary Parties operating within the financial technology innovation, digital finance and crypto assets (IAKD) sectors. The new Regulation reaffirms the OJKs authority to assess prospective Primary Parties prior to their assuming their roles, maintaining core criteria such as integrity, financial capability and competence.

One of the notable changes featured under the Amendment is a decrease in the Unemployment Insurance (Jaminan Kehilangan Pekerjaan "JKP") program premium ("Premium") rate from the previous figure of 0.46% to a rate of 0.36% of the relevant monthly wage. Meanwhile, although the government-borne 0.22% contribution to JKP funding has been retained, the Amendment sets out a re-composition for the Work-Accident Insurance (Jaminan Kecelakaan Kerja "JKK") program under the JKP, which has now been set at 0.14% (a decrease from the previous rate of 0.24%).

The Amendment has now revised the applicable Non-Tax State Revenue (Penerimaan Negara Bukan Pajak/PNBP) royalty rates that apply to holders of Special Mining Business Licenses (Izin Usaha Pertambangan Khusus/IUPK) who continue their operations under Contracts of Work (Kontrak Karya/KK) or Coal Contracts of Work (Perjanjian Karya Pengusahaan Pertambangan Batubara/PKP2B). The revised royalty rates now follow a six-tier structure, as determined in line with certain Coal Benchmark Price (Harga Batubara Acuan/HBA) thresholds.

This framework now places responsibility for the collection, deposit and reporting of Article-22 Income Tax (Pajak Penghasilan "PPh") on income received by domestic merchants via Electronic System-Based Trading Activities (Perdagangan Melalui Sistem Elektronik "PMSE") with the relevant Organizers of PMSE (Penyelenggara PMSE - "PPMSE"). Generally speaking, the amount of Article-22 PPh that should be collected by PPMSE has been set at 0.5% of a domestic merchants gross turnover, as outlined in relevant billing documents (excluding value-added tax and luxury-goods sales tax).

Regulation 15/2025 strengthens the conformity assessment process that is applicable within the trade sector by requiring business actors to apply to a designated Conformity Assessment Body (Lembaga Penilaian Kesesuaian/LPK) and to submit supporting administrative documents. Foreign applicants must also submit a number of additional licensing documents, as well as proof of local representation. In cases of brand licensing or contract manufacturing, supporting agreements will also be required. All products, services and manpower that meet the mandatory standards will be issued Certificates of Conformity, which will enable the use of marks such as the Indonesian National Standard (Standar Nasional Indonesia "SNI").

Regulation 18/2025 marks a major shift in the supervision of tobacco and electronic cigarette products by expanding oversight to include disclosures of ingredients, restrictions on additives and mandatory dual-lab testing. The new framework also introduces stricter labeling rules, including five rotating health warnings per variant that must cover 50% of key packaging areas. Labels must also clearly state age and pregnancy restrictions. For e-cigarettes specifically, producers must include nicotine warnings and avoid misleading terms, thereby ensuring transparency and compliance across all product types.

In addition to clarifying several of the core 15 obligations that apply to participants in the Bank Indonesia-Fast Payment ("BI-FAST") services system ("Participants"), this Second Amendment now includes four additional obligations aimed at ensuring the overall organization and safety of the BI-FAST system, including: 1) Must establish dedicated teams capable of initiating incident response and recovery measures; 2) Must provide regular training; and 3) Must conduct regular reconciliation of BI-FAST transactions. Moreover, the proactive risk management feature that was originally mandated for inclusion as part of the BI-FAST infrastructure has now been redefined as the Fraud Detection System (FDS).

This Draft Regulation stipulates that businesses may simultaneously apply for technical approvals alongside their Environmental Approvals (Persetujuan Lingkungan "PL") applications under certain conditions (i.e. if environmental carrying capacity and assimilative capacity assessments have been drafted and waste is managed internally). The Draft Regulation has also now expanded the available investment facilitation services, specifically by broadening immigration-focused support to include green lane access and transfers of duty-free machinery and goods. This new framework is set for full implementation by 5 October 2025.

Circular 14/2025 requires all Conventional Commercial Banks (Bank Umum Konvensional/BUK), Sharia Commercial Banks (Bank Umum Syariah/BUS) and Sharia Business Units (Unit Usaha Syariah/UUS) to expand their self-assessment indicators as part of their implementation of good corporate governance. The number of indicators has now been increased from 11 to 16, with a specific requirement being introduced for sharia banks to evaluate the performance of their Sharia Supervisory Boards.

The Indonesian Government has introduced a regulatory framework on the organization of a new Tax Collection System for Overseas Digital Transactions (Sistem Pemungutan Pajak atas Transaksi Digital Luar Negeri/SPP-TDLN) and has assigned PT Jalin Pembayaran Nusantara to oversee its implementation, as this company has significant technical expertise, is financially strong and is committed to data security. In order to implement this mandate, PT Jalin Pembayaran Nusantara must appoint a qualified Indonesian and/or foreign legal entity as a partner. The selection process for this partnership encompasses a mandatory sandboxing phase that will involve both an administrative assessment and technical testing.