The Ministry of Law launched an online registration system for social enterprises on 4 December 2024 based on Circular No. M.HH-1AH.01.01 of 2024. Entrepreneurs seeking to register as social enterprises must first amend their Articles of Association in order to bring them into line with the Sustainable Development Goals (SDGs) and should incorporate social objectives and commit to reinvesting at least 51% of their profits into social missions. Applications must be submitted through notaries, who will then forward them to the Directorate-General of General Legal Administration

Funds and/or securities that are utilized in order to ensure the implementation of futures and/or derivative contract transactions (Margins) may be sourced from bank accounts that belong to customers who engage in futures and/or derivative contract transactions (Customers) or from transaction accounts (in the form of commodities or the rupiah currency) that belong to Customers of the physical market at the futures exchange. In terms of the above-mentioned commodity-based Margins, said Margins must be sourced from transaction accounts that belong to Customers and that were previously deposited in companies that have secured business permits from the Head of the Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi/Bappebti) and must also be completely (100%) placed with the futures clearing agency

When requested by taxpayers for the purpose of filing objections or appeals, the Director-General is now required to issue certificates that detail the basis for the imposition of tax, loss calculations or tax withholding/collection. Said certificates must be provided to the relevant taxpayers within one month of any such request being submitted, although it should be noted that the objection filing period itself cannot be extended. Any taxpayer objections that are rejected or partially granted will now be subject to an administrative fine of 30% of the relevant tax amount based on an Objection Decision Letter, which is lower than the previous fine of 50%.

The offering requirements have now been adjusted, which has resulted in the revision of the types of regionally owned enterprises (Badan Usaha Milik Daerah BUMD) that are considered eligible to receive participating interest (PI) offers. Previously, the requirements mandated fully government-owned regional companies, however, this has now been revised to regional public companies in which the relevant capital is owned by a single region and has not been divided into shares. Additionally, differences between BUMD and their subsidiary companies (BUMD Subsidiaries) have now been clarified, with BUMD Subsidiaries being defined as companies whose shares are partially or entirely owned by BUMD that are established by regional governments, with participation being based on reservoir spreading.

Between 2 January and 3 January 2025, Indonesias Constitutional Court (Mahkamah Konstitusi "MK") successfully rendered a total of 43 decisions specifically relating to judicial review petitions ("Decisions") with the following final outcomes: 1) Not acceptable: 14 Decisions; 2) Withdrawn: three Decisions; 3) Fully granted: one Decision; 4) Partially granted: 10 Decisions; and 5) Fully rejected: 15 Decisions. The aforementioned granted Decisions affect a wide range of sectors that include: 1) Professional (e.g. lecturers, advocates and notaries); 2) Certain institutions (e.g. international arbitration and deposit insurance corporations); 3) Businesses (e.g. steam baths/spas); and 4) General elections (e.g. removal of the presidential threshold and the utilization of images generated through artificial intelligence).

The basic framework of Foreign Exchange Flow Management (Lalu Lintas Devisa "LLD") management, as implemented by Bank Indonesia ("BI"), outlines three primary targets that encompass volume, composition and volatility. These targets aim to optimize the benefits and manage the risks associated with foreign exchange flow activities. Additionally, four key objects of LLD management are specified, including current accounts, capital accounts, financial accounts and other foreign exchange transactions, as determined by BI.

In addition to the already mandatory monthly and annual reports, this new framework has now also reinstated the mandatory quarterly insurance company reports that had previously been suspended. Moreover, this Regulation has also expanded the list of other miscellaneous reports (laporan lain) that must be submitted by insurance companies to now include: 1) Business plans; 2) Financial soundness self-assessments; 2) Anti-fraud measures; 3) Money laundering risk assessments; 4) Data updates; 4) Sustainability; and 5) Actuarial ownership.

The remittance and reporting deadline for stamp duty has now been extended to the 15th day of the month following the end of the relevant tax period. This adjustment also applies to the reporting of stamp-duty collection and remittance, while a notification letter is now required to be submitted to the Directorate-General of Taxes by the 15th day of the month following the end of the relevant tax period.

The implementation of carbon storage activities within Carbon Storage License Areas (Wilayah Izin Penyimpanan Karbon WIPK") involves the following phases: 1) Offering and Determination of WIPK; 2) Issuance of an Exploration Permit; and 3) Issuance of a Storage Operations Permit, as well as a Transportation Permit for any business actors who specifically carry out carbon transportation activities.

Two types of commodity auction markets ("Markets") are delineated and are primarily distinguished by the availability of commodities and the timing of payments. Markets with immediate settlements ("Spot Markets") involve commodities that are available before transactions, whereas markets with forward settlements ("Forward Markets") involve commodities that are not yet available at the times of transactions. Moreover, only commodities that meet certain specific criteria, such as standardized quality, endorsement by relevant institutions and alignment with government programs, are eligible to be traded, subject to a formal designation by a Decree of the Minister of Trade.