The Tax Amnesty Law eliminates the principal tax debt and administrative sanctions as well as offering no-examination of tax crimes. Downsizing in Indonesia There has been appreciable confusion about whether employers in Indonesia are allowed to downsize part of their workforce for effectivity causes. Law No. 13 of 2003 relating to Employment allows an organization to terminate workers when closing the company for effectivity reasons.

Given the judgments we’ve seen over the past yr, a win within the landlord column stands out within the sector, however does little to balance the scales. One ray of sunshine isn’t enough to pierce the storm clouds nonetheless hanging over the heads of UK business property house owners. You will learn the way to be observed on social media; tips on how to stand out in a world of commercials and achieve clients by way of the utilization of social media. Learn tips on how to add effective social media to your current advertising utilizing the most typical social media tools like Facebook, Twitter and YouTube.

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New Ministry of Employment Regulation on Religious Festivity Allowance On 8th March 2016 the Minister of Employment issued Regulation No. 6 of 2016 on Religious Festivity Allowance for Employees in Companies. New Body Set Up to Resolve Disputes in Indonesia’s Construction Sector The Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction in late 2015 held its first seminar to announce its existence as a dispute resolution physique within the subject of building in Indonesia. What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government recently issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016).

New Regulation on Divestment Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 9 of 2017 further regulates the divestment process for the downstream mining business specifically to the worth at which the federal government will decide up shares. The regulation replaces MEMR regulation No. 27 of 2013 to the extent of the divestment provisions. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law launched a significant change concerning the shareholding composition of insurance corporations. The Insurance Law mandates that the native shareholders in an insurance coverage firm have to be in the end owned by Indonesian individuals. Indonesia Looks to Simplify Business Licensing With OSS System As part of the push by the administration of President Joko Widodo to improve the benefit of doing enterprise in Indonesia and improve investment, the federal government has issued Government Regulation Number 24 of 2018 concerning Online Business Licensing Services .

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While this regulation (KPPU Regulation No. 2 of 2021 on the Guidelines for Imposing Administrative Fines) was enacted, and became effective, on 31 May 2021, it only just lately became out there to the public. Our 2Q21 Artificial Intelligence and Automated Systems Legal Update focuses on these key regulatory efforts, and also examines other coverage developments inside the U.S. and EU that could be of interest to domestic and international companies alike. After a busy begin to the yr, regulatory and policy developments associated to Artificial Intelligence and Automated Systems (“AI”) have continued apace in the second quarter of 2021. Unlike the great regulatory framework proposed by the European Union (“EU”) in April 2021, more specific regulatory pointers in the U.S. are nonetheless being proposed on an agency-by-agency basis. AI technique by continuing to grow the nationwide research and monitoring infrastructure kick-started by the 2019 Trump Executive Order and remain targeted on innovation and competition with China in transformative innovations like AI, superconductors, and robotics.

This Regulation replaces Government Regulation No. 16 of 2009, which was lastly amended by Government Regulation No. fifty five of 2019. Under this new Regulation, the final earnings tax rate on interests from bonds received by local buyers decreases from 15% to 10%. Nader, Hayaux & Goebel is a number one Mexican legislation agency, with offices in Mexico City and London. Our team has earned a reputation for offering the highest-quality, refined legal recommendation, and extraordinary shopper service. It is important to notice that there could also be leasehold restrictions on permitted uses, which would have to be waived or various.

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Despite being in operation since 2018, the OSS still operates at the facet of guide licensing software or process. We proceed to observe this evolving state of affairs, with varied teams currently inspecting the invoice to provide updates which may be related to you. As we addressed in previous legal updates, the House beforehand handed the SELF DRIVE Act (H.R. 3388) by voice vote in September 2017, but its companion invoice (the American Vision for Safer Transportation through Advancement of Revolutionary Technologies (“AV START”) Act (S. 1885)) stalled within the Senate. For extra details, see our Fourth Quarter and 2020 Annual Review of Artificial Intelligence and Automated Systems.