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Indonesia Regulatory Update - March 2017

Indonesia Regulatory Update - March 2017

KPMG Indonesia is pleased to announce the release of “Indonesia Regulatory Update – March 2017”.


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This publication sets out to highlight at summary level, some of the key current regulatory changes in Indonesia. These important changes have implications for industry, covering a wide range of industries and within these, specific and complex business processes.

Regulatory updates covered in this publication are as follows:

  • Compensation of Investment Fee in Upstream Oil-and-Gas Activities.
  • The Use of Services Rendered by Public Accountants and Public Accounting Firms in Financial Services Activities.
  • Amendment to Indonesian Financial Services Authority (“Otoritas Jasa Keuangan” – “OJK”) Regulation No. 32/POJK.04/2014 regarding the Planning and Implementation of the General Meeting of Shareholders (“GMS”) for Public Companies.
  • Reports on Ownership or Changes in the Shares Ownership of Publicly Listed Company.
  • Guideline on the Determination of Permanent Establishment for Foreign Tax Subjects Providing Application or Content Services through the Internet.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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