The scope of taxable objects that relate to Land-and-Property Tax (Pajak Bumi dan Bangunan/PBB) Deductions ("Deductions") has now been clarified. Said Deduction objects ("Objects") now include those that derive from the following sectors: 1) Agriculture; 2) Forestry (i.e. non-productive natural and plant forests); 3) Oil and gas (excluding exploited lands with production results); 4) Mineral and coal mining (excluding operational production land with production results); and 5) Other sectors (excluding fisheries and fish cultivation with production results).

With an ultimate goal of supporting various governmental services that fall under the jurisdiction of various governmental agencies, Priority SPBE includes the integrated services of the following sectors: 1) Education; 2) Healthcare; 3) Social assistance; 3) Civil administration; 4) State financial transactions; and 5) Public SPBE infrastructure.

While previously only business actors that engage in programming activities that fall into the Standard Classification of Indonesian Business Fields (Klasifikasi Baku Lapangan Usaha Indonesia/KBLI) 62015 category are set to be subject to the Artificial Intelligence ("AI") guidelines ("Guidelines") enforcement, Circular 9/2023 has now included the following parties as Guidelines subjects: 1) Electronic systems providers (Penyelenggara Sistem Elektronik "PSE") operating within the private sector; and 2) PSE operating within the public sector.

Biomass fuel (Bahan Bakar Biomassa "B3m") that is utilized by power plants should derive from organic materials (either partially or entirely) and should involve the simultaneous incineration of different types of B3m in certain ratios ("Biomass Cofiring"). In this regard, Biomass Cofiring should be implemented gradually in line with several phases between 2023 and 2030, as outlined under Appendix I to Regulation 12/2023.

The Minister of Finance has decided to update the framework for the implementation of auctions, which is set to come into force on 1 January 2024.

If disputing parties are unable to reach a consensus regarding which arbitrator will adjudicate their disputes, then said parties may submit an application to the head of the relevant court requesting the appointment of a single arbitrator or a board of arbitrators. However, if an arbitrator is ultimately appointed, then said appointed arbitrator may be rejected through the invoking of refusal rights. At their core, refusal rights reflect doubts about the capacities and capabilities of appointed arbitrators as regards the performance of their duties.

The Technical Guidelines for the Prevention and Mitigation of Violence at Education Units (Pencegahan dan Penanganan Kekerasan di Lingkungan Satuan Pendidikan "PPKSP") will now serve as a reference for use by the relevant stakeholders (e.g. central/regional governments and education units) during the implementation of PPKSP measures. The aforesaid PPKSP Guidelines are set to be implemented by dedicated PPKSP Teams (Tim Pencegahan dan Penanganan Kekerasan "TPPK") which, among other tasks, will implement three forms of anti-violence measures that include the following aspects: 1) Strengthening of governance; 2) Education; and 3) Provision of infrastructure.

Minister of Trade Renews Import Policy and Provisions

PT Bursa Efek Indonesia (BEI) previously set a transition period for the trading of equity securities (Securities) listed on the stock exchange's (Exchange) Special Monitoring Board ("Special Board") ("Transition Period"), which ran until 1 December 2023. However, the BEI has now decided to extend this Transition Period until 4 June 2024, meaning that the special Transition Period provisions will remain in force up until this new deadline.

The Amendment has expanded the eligibility criteria for parties looking to import battery-powered electric vehicles in completely built-up form, while various forms of incentives that will be provided for CBU-BEV importation have now been clarified, including: 1) Import duties; 2) Luxury-Goods Sales Tax (Pajak Penjualan atas Barang Mewah/PPnBM); and 3) Regional taxes