Among various adjustments introduced under the Amendment, a special rack system designed to accommodate scrip (warkat) debit exchanged by SKNBI participants in clearing areas where manual exchanges of scrip debit (Pertukaran Warkat Debit "PWD") are being completed ("Pigeon Hole") has now been included under the new framework. Moreover, the Amendment has also introduced a new system that provides summary information for PWD in manual clearing areas ("PWD Application"), which will be managed by Bank Indonesia ("BI") and Non-BI coordinators of PWD who engage in PWD within clearing areas

The Draft Regulation has now expanded the conditions that may lead to disclosures of Banks confidential information, which include the following: 1) Based on requests that are submitted by curators in relation to court verdicts on bankruptcy or liquidators for the settlement of assets; 2) In order to fulfill mutual legal assistance requirements relating to criminal matters; and 3) In order to implement inter-state authority cooperation agreements that have been signed on a reciprocal basis

Various new tax administration services that will utilize the New Identification Numbers have been introduced, including: 1) E-registrations; 2) Issuance of withholding certificates and reporting of Article 21/26 Income Tax returns (e-Bupot 21/26); and 3) Issuance of withholding certificates and reporting of Unified Article 21/26 Income Tax returns (e-Bupot Unifikasi). Explanations of these and other new types of services will be gradually introduced to the general public

Permitted activities may be undertaken in the following aboveground Spaces, among others: 1) Buildings such as terminals, stations, transit places or similar structures connecting activity centers or regions; 2) Elevated roads; and 3) Elevated railway tracks. Permitted activities may be undertaken in the following types of underground Spaces, among others: 1) Residential buildings, offices, industrial, commerce, services and public service facilities; 2) Buildings that are used for defense and security purposes; and 3) Buildings that are used carbon storage purposes

Secondary uses of books and/or other written works ("Works") should involve duplication and/or distribution that does not exceed 10% of the original works by the relevant secondary users ("Users") and should not infringe upon the legitimate interests of the authors and/or copyright holders of Works. In terms of any such use, Users are also required to complete royalty payments to Collective Management Institutions (Lembaga Manajemen Kolektif/LMK)

By June 2026, all business actors that are established and located within Indonesia and that organize business activities within the natural material drugs (i.e. jamu, standardized herbal drugs, phytopharmaca and other natural material drugs), quasi-drugs and health supplements sector will be required to comply with the various labeling obligations that are set out under this Regulation

As Indonesia has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Convention"), Indonesia the country has now expanded the list of reservations and notifications that have been made by Indonesia to the Multilateral Convention ("Reservation and Notification List") in relation to said Multilateral Convention. In this regard, any changes that are made to the Reservation and Notification List shallshould be notified in writing or in accordance with the mechanism outlined under relevant international agreements and applicable Laws.Regulation No. 63 of 2024 on Amendment to Presidential Regulation Number 77 of 2019 concerning Ratification of Multilateral Convention To Implement Tax Treaty Related Measures To Prevent Base Erosion And Profit Shifting Profit ("Amendment") has now clarified that in conditions where there are changes to the List of reservations and Indonesia's notification on its reservations, these changes must be conveyed through a written statement or following the procedures stipulated in international agreements and in accordance with regulations legislation

Different parties are required to carry out various tasks, including owners of Indonesian-flagged and foreign vessels (collectively referred to as "Vessels") owners, sailing company agents and Vessel captains, who are required to implement the following measures: 1) Ensure the installation and activation of automatic identification systems ("AIS")AIS as an obligation of for Vessels that perform engage in activities within Indonesian waters, for criteria Class A and Class B AIS criteria; 2) Vessel captains must activate and provide correct information through AIS; 3) If AIS are not functioning, then Vessel captains must record this in their log books and immediately inform the relevant coast stations (Stasiun Radio Pantai "SROP") and/or Vessel Traffic Services ("VTS"); 4) Vessel captains must report vessel activities through SROP and/or VTS; and 5) The performance of drifting and ship-to-ship transfer activities is prohibited without the securing of approvals from the relevant harbormasters.There are at least four obligations that have been set out for the Head of the Navigation District Office Type A Class I, II, and III as well as Type B Tanjung Priok, including: 1) 1. Oversee the obligation to activate AIS for ships via the AIS base station at the coastal radio station (SROP) and Vessel Traffic Services (VTS) terrestrially as well as through an integrated monitoring system using the Indonesian Integrated Monitoring System on Navigation (I-Motion); 2) Monitoring ship activities via AIS at SROP and VTS and detecting ships suspected of violating Ship to Ship Transfer (STS) and drifting as well as anchor; and 3) Preparing an official report on the results of monitoring the installation and activation of AIS regarding alleged violations which is submitted to the local harbor master for inspection.

The main changes that are set to be introduced regarding industrial relations mediation and conciliation procedures include the following, among others: 1) Additional measures that can be taken by disadvantaged parties (aside from file execution requests [permohonan eksekusi] through the relevant courts) if one of the parties is not in compliance with the relevant joint agreement, specifically: a) Filing of reports with the Relevant Authorities so that supervision of the implementation of a joint agreement can be undertaken; and/or b) Announcement of any party who fails to comply with a given joint agreement within the pages of a national newspaper; and 2) Mediators or conciliators may be granted time extensions if their tasks have not been completed within 30 days

Membership candidates for the Sharia Supervisory Boards (Dewan Pengawas Syariah "DPS") of Sharia Commercial Banks (Bank Umum Syariah "BUS") and Sharia Business Units (Unit Usaha Syariah "UUS") (collectively referred to as "Banks") must secure approvals from the Financial Services Authority (Otoritas Jasa Keuangan "OJK") through fit-and-proper tests that evaluate the following factors: 1) Integrity; 2) Competency; and 3) Good reputation. Once formally appointed, DPS members are required to fulfill several duties that have been broadly classified into the following categories: 1) Supervision; 2) Advisory Roles; 3) Reporting; 4) Opinions on Product Innovation; 5) Consultations; and 6) Additional Duties