PKP that are associated with low levels of risk may now be granted preliminary refunds of any tax overpayments by submitting a notification letter for the relevant PPN period by no later than 31 January 2024

Among its various provisions, Regulation 17/2023 has broadened the scope of the available Services, which now encompass: 1) Individual Credit Transfers (ICT); 2) Requests for Payment (RFP); 3) Bulk Credit Transfers (BCT); and 4) Direct Debit Transfers (DDT).

The K3 requirements for confined spaces should be implemented in line with the following six areas: 1) Stipulation of classification; 2) Limiting of access to confined spaces; 3) Entry permits; 4) Working procedures for spaces; 5) Tools and equipment; and 6) K3 personnel

The Draft Circular will ultimately be utilized as a reference by business actors that engage in Artificial Intelligence ("AI") based programming activities, while this forthcoming legal framework states that AI technology should be utilized in line with six types of ethical values, specifically: 1) Inclusivity; 2) Humanity; 3) Security; 4) Democracy; 5) Transparency; 5) Credibility; and 6) Accountability.

The Head of BPJPH has introduced a set of guidelines for business actors that address the registration of products that they have developed and for which halal certification has previously been secured

Amongst other arrangements addressed therein, this new Regulation has now revised the various API sub-types that are allowed and prohibited. The allowed API include the following sub-types: 1) Small pelagic one-boat/two-boat/flee-unit operated purse seines; 2) Large pelagic one-boat/flee-unit operated purse seines; 3) Bottom trawl nets; 4) Bagan berperahu teri; 5) Horizontal gillnets. Meanwhile, the prohibited API include the following sub-types: 1) Beam trawls; 2) Fish trawls; 3) Two-boat bottom trawls; 4) Midwater two-boat trawls; 5) Tiger trawls.

The Head of BPJPH has introduced procedures for the mandatory registration of International Halal Certificates for imported halal products, as issued by foreign halal agencies. This new framework mandates that importers or Indonesian representatives should submit their new or extended International Halal Certificates through the SIHALAL application

Money markets ("Markets") have now been classified into the following two forms: 1) Market instruments (e.g. promissory notes, payment orders, debt securities and so forth); and 2) Market transactions (e.g. trading of financial instruments through Markets, repo transactions, derivative transactions that are completed through Markets and so forth)

Several adjustments have now been made to elements of the prohibited acts that currently feature under the framework of Law 11/2008. These include various adjustments that affect the following prohibitions: 1) The unlawful distribution of indecent content now encompasses various elements that relate to broadcasting and the broadcasting of said content; 2) It has now been clarified that only content that results in material losses is now included under the definition the unlawful distribution of false and misleading news; and 3) The scope of the unlawful distribution of information intended to cause hatred or hostility has now been expanded.

Set to come into force during the 2024 financial year, the new guidelines for the drafting of Key Performance Indicators (KPI) for the Boards of Directors (BoD) of State-Owned Enterprises (Badan Usaha Milik Negara BUMN) classify BUMN KPI into the following two forms: 1) Collegial KPI for BoD Members; and 2) Individual KPI for BoD Members.