OVERVIEW

As countries around the world work to tackle the spread of Covid-19, the threat of business interruption has become real, throwing arrangements into disarray, disrupting workforce, and upsetting the global economy.

At home, the government has begun issuing various countermeasures and relief for businesses and public alike. The following is a summary of legislation and government updates issued to navigate the Covid-19 outbreak. Our team continues to assess developments, which will be issued in the weeks to come. Subscribe to receive our updates here.

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DISPUTE RESOLUTION
Jakarta Implements PSBB

The DKI Jakarta Governor has issued Regulation No. 33 of 2020 and Decree No. 380 of 2020 on the Implementation of Massive Social Restriction (Pembatasan Sosial Berskala Besar or “PSBB“) in DKI Jakarta. Click here to read more.

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CAPITAL MARKETS
E-GMS – What We Know So Far

Pending the issuance of the electronic GMS regulation by the OJK, we highlight the key points from the draft regulation. Click here to read more.

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COMPETITION
KPPU Resumes Activities Virtually

The KPPU finally resumes activities this week, albeit virtually. This means that all statutory timelines have resumed and KPPU’s monitoring and enforcement actions will be conducted via electronic means. Read more about KPPU’s virtual implementation here. Click here to read more.

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TAX AND CUSTOMS
Seeking Clarity in the Government’s Recent Tax Incentives

In the past weeks, we have seen numerous tax incentives and facilities. The Directorate General of Taxes recently issued two FAQ documents that give more details of some of these incentives and facilities. While these FAQs are not binding, they can be a useful point of reference for taxpayers. Click here to read more.