In 2022, the Government of Indonesia through the Ministry of Finance officially increases the rate of Value Added Tax (“VAT”) from 10 percent to 11 percent starting April 1, 2022 as mandated through Article 7 of Law Number 7 of 2021 on the Harmonization of Tax Regulations (“HPP Law”). This policy is the result of…
The world of the future will experience many changes in energy use. This is due to a massive shift in a number of technologies. The increase in electricity consumption in the future is one of them. One form of this revolution is the use of electric vehicles which are slowly shifting away from the use…
All countries are starting to struggle to revive their economy so that it remains stable after the Coronavirus Disease (“COVID-19”) pandemic hit around the world. Indonesia is one of the countries seriously affected by the pandemic, and now is planning to create economic stability for business actors ranging from large and medium business actors to…
The construction service sector is a community activity in constructing buildings that function as a support or infrastructure for social and economic activities of the community to support the realization of national development goals. In carrying out these development activities, it is necessary to have a permit that should be owned by Construction Service Business…
Mining Business License (Izin Usaha Pertambangan, “IUP”) is one of the licenses required by mining entrepreneurs in conducting business activities in the mining sector which generally starts from the stages of general investigation, exploration and feasibility studies. In addition, other required license is Production Operation IUP (Operasi Produksi, ”OP” ) which includes the stages of…
In early January this year, the Government of Indonesia through the Ministry of Energy and Mineral Resources (“MEMR”) issued a new regulation regarding the obligation to supply coal for domestic purposes or so-called Domestic Market Obligation as outlined in Decree of the Minister of Energy and Mineral Resources Number 13.K/HK.021/MEM.B/2022 on the Prohibition of Coal…
Electrical energy is vital to support our daily lives and activities both on a household and large industry scale. However, electrical energy that is generally used in Indonesia comes from power plants that use fossil fuels. The disadvantage of using fossil fuels is that their combustion produces greenhouse gases, and that increases the concentration of…
On the last day of 2021, coal mining business actors were surprised by a policy issued Ban on Coal Exports by the Government. This policy is related to the ban on coal exports issued by the Directorate General of Mineral and Coal (“DGMC”) of the Ministry of Energy and Mineral Resources of the Republic of…
Phase Out Coal-Fired Power Plants. The COP26 summit held in Glasgow, Scotland of the United Kingdom on 31 October – 13 November 2021 has brought the parties together to accelerate action towards the goals of the Paris Agreement and the United Nations (“UN”) Framework Convention on Climate Change. For nearly three decades, the UN has…
Determination and Calculation of the Selling Price of Coal for the Cement and Fertilizer Industry from November 1, 2021, to March 31, 2022 – It’s USD 90 FOB Vessel To ensure the fulfillment of coal needs as raw material/fuel for the domestic cement and fertilizer industry, the Minister of Energy and Mineral Resources (“MEMR”) issued…