In a bid to support the mandatory placement of foreign export proceeds (Devisa Hasil Ekspor "DHE") deriving from natural resources (Sumber Daya Alam "SDA"), any incomes that are received or obtained by exporters (either individuals or business entities) from the placement of DHE SDA into certain monetary and/or financial instruments (collectively referred to as "Instruments") in Indonesia will be subject to the imposition of final PPh. In this regard, said imposition will only apply to DHE SDA, while the eligible Instruments must fulfill the following criteria: 1) Must be classified as banking, financial and/or monetary instruments; 2) Relevant funds must derive from DHE SDA; 3) Must have a minimum placement period of one month; and 4) Must not have been traded through the secondary market (i.e. relevant exporters may not sell or transfer the ownerships of Instruments to other parties)

As payments of initial premiums for the Bank Restructuring Program ("Premiums") are set to commence, the Deposit Insurance Corporation (Lembaga Penjamin Simpanan/LPS) recently issued a new Regulation that stipulates that conventional and sharia commercial banks (collectively referred to as "Banks") are required to adjust their Premium payment amounts when making Premiums payments for the following period if any of the following conditions occur: 1) Lack of Premium payments; 2) Excess Premium payments; 3) Banks carry out mergers before the Premium payment deadline; and 4) Banks carry out spin-offs to establish sharia business units. Said Premium payments should be deposited into an account determined by the LPS, while initial Premium payments should be completed for the 1 January - 30 June 2025 period

While currently, funding for the organization of immigration is borne through the State Expenditure Budget (Anggaran Pendapatan dan Belanja Negara/APBN), the Draft Bill has now allowed for such funds to be sourced from other legitimate sources of funding in accordance with relevant Laws and Regulations. Said sources include: 1) Utilization of state-owned goods and/or utilization of assets under control; 2) Utilization of cooperation schemes between the government and business entities; and/or 3) Participation of other parties (e.g. state-owned enterprises, state-owned legal entities and contributions from the private sector)

The planned export ban on certain metal minerals that was previously set to come into force on 31 May 2024 has now been pushed back to 1 January 2025, enabling business actors who have reached the commissioning stage of their domestic refinery facilities to export certain products in accordance with their HS Codes until 31 December 2024

Maternity leave will be available for a minimum of three months and a maximum of six months under certain conditions while working mothers who exercise their right to enjoy maternity leave will receive their salaries in the following amounts: 1) Full salary during the first three months; 2) Full salary during the fourth month; and 3) 75% of their full salary during the fifth and sixth months

Income Tax (Pajak Penghasilan "PPh") of type Article 21 (PPh Pasal 21 "Article-21 PPh") for certain employees who reside within the Ibu Kota Nusantara ("IKN") area and who have secured Taxpayer Identification Numbers (Nomor Pokok Wajib Pajak/NPWP) by registering with the IKN tax service office, is to be borne by the government. Furthermore, various other tax incentives that range from 85% to 350% are also available for certain types of corporate PPh, gross incomes and PPh on transfers of rights to land and/or buildings

Newly featured under the Amendment, Religious Social Organization (Organisasi Kemasyarakatan Keagamaan) Businesses (Organization-Owned Businesses) are now included among the various types of parties that are entitled to secure prioritized Special Mining Business License Area (Wilayah Izin Usaha Pertambangan Khusus/WIUPK) offerings. Said prioritized offerings will remain valid for five years after the enforcement of this Amendment. In this regard, offered areas should be formerly utilized under Coal Contracts of Work (Perjanjian Karya Pengusahaan Pertambangan Batubara/PKP2B), while issued special mining business licenses (Izin Usaha Pertambangan Khusus/IUPK) and/or ownerships of Organization-Owned Businesses are prohibited from being transferred to any other parties without the securing of prior approvals from the Minister of Energy and Mineral Resources

Alternative Dispute Resolution Institutions that operate within the Financial Sector (Lembaga Alternatif Penyelesaian Sengketa Sektor Keuangan "LAPS-SK") are being introduced by Bank Indonesia ("BI") in response to the need to settle disputes that arise between consumers and parties that organize business activities (either banking or non-banking entities) and that are regulated and supervised by BI

Six forms of obligations and seven forms of prohibitions must be complied with by electronic system providers (Penyelenggara Sistem Elektronik/PSE) that organize Systems that are accessible to children who utilize or who have access to electronic systems ("Child Users"). These obligations include the drafting of personal data protection impact assessments ("DPIA") for each online products, services or features that are connected to the internet (collectively referred to as "Online Services") prior to the respective Online Services becoming accessible to Child Users. DPIA should be drafted by taking several matters into account (e.g. systematic descriptions or processing activities, as well as risks relating to processing activities ).

Companies are permitted to offer and market their Products digitally, either independently or in collaboration with other parties, once prior approvals have first been granted by the OJK. In this regard, Companies must first fulfill several requirements, which include: 1) Must have secured an Electronic Systems Organizer (Penyelenggara Sistem Elektronik/PSE) registration certificate, as issued by an authorized institution; 2) Must develop and implement policies, standards and procedures that specifically address the area of information technology risk management; and 3) Must meet all requirements mandated by the OJK and other relevant authorities regarding the operation of electronic systems