Policy Information

Seven Indonesian departments have reportedly been conducting joint warehouse checks in Jakarta, Tanggelang and surrounding areas since February 11, which is expected to last two weeks. The operation involves multiple areas with high compliance requirements and strong penalties, and some sellers believe the intensity exceeds that of last year's 7...

The People's Bank of China (PBOC) and the Central Bank of Indonesia (CBI) have recently renewed their bilateral local currency swap agreement, with a swap size of 400 billion yuan / 878 trillion rupiah, valid for five years, and can be extended by mutual consent. The People's Bank of China said that the two sides...

Individuals and entities that meet certain tax liability criteria in Indonesia are required to register for a taxpayer identification number NPWP, and the Directorate General of Taxation officially launched the coretax system on January 1, and the following is the process of registering for an NPWP through the system: first click on the link...

Indonesian nickel production in 2024 is close to 300 million metric tons per year at 298.4 million metric tons, said the secretary general of the Indonesian Nickel Mining Association (APNI). From 2023 to 2024, Indonesian nickel production has been increasing, mainly due to mixed nickel hydroxide precipitates (MHP)...

President Prabowo said he is still receiving reports of numerous cases of violations that have caused losses to the country, such as illegal mining, manipulation of financial reports, and tax arrears. He has seen a lot of wealth being smuggled and such acts are both illegal and unfair and the perpetrators...

The Indonesian government started to raise the retirement age of Indonesian laborers to 59 years old this year, and according to government regulations, the retirement age will be raised by one year every three years until it eventually reaches 65 years old, starting from 57 years old in 2019. Those who have reached the retirement age and have contributed...

The spokesman for the Ministry of Foreign Affairs said that China welcomes and warmly congratulates Indonesia on becoming a full member of BRICS. As a large developing country and an important force in the "Global South", Indonesia highly recognizes the spirit of BRICS and actively participates in BRICS+ cooperation. Indonesia officially...

Indonesia's Trade Minister confirmed that the mandate of the Task Force on Illegal Imports will be extended until 2025. The mandate of the Task Force on Illegal Imports expired in December 2024, and the Trade Minister's decision provides for the establishment of the Task Force...

The following goods are subject to 12% VAT: luxury residences such as mansions, apartments, condominiums, townhouses, etc., with a selling price of 30 billion rupiah or more; hot air balloon complexes and steerable hot air balloons, other flying machines without propulsion; firearms and their...

As a New Year 2025 gift to the people, President Prabowo has canceled the planned hike in value-added tax (VAT) (PPN) from 111 TP3T to 121 TP3T. The policy was adjusted to levy 12% VAT only on luxury goods and services consumed by the wealthy class, such as...