Background On 10 June 2019, the Government of Republic of Indonesia enacted the Minister of Finance Regulation No. 86/PMK.010/2019 on the Amendment of Minister of Finance Regulation No. 35/PMK.010/2017 on the Types of Taxable Goods Classified as Luxurious Other than...
Mortgage Rights The deletion of mortgage rights is regulated in the Law No. 4 of 1996 on Mortgage. Mortgage (hak tanggungan) means a security right over right(s) of land as set out under the Law No. 5 of 1960, along with or without other goods that constitute a unity...
Background On 15 April 2019, the Governor of DKI Jakarta enacted the Regulation of DKI Jakarta Governor Number 38 of 2019 on Second Amendment of Regulation of DKI Jakarta Governor Number 259 of 2015 on Exemption of Land and Building Tax in Village and Urban Area for...
Background On the 27th of December 2018, the Government of Republic of Indonesia enacted the Minister of Transportation Regulation No. 125 of 2018 on Dredging and Reclamation. This regulation revokes the Minister of Transportation Regulation No. PM 52 of 2011 on...
News on government’s plan to revise the current agrarian law of 1960 heated up lately. The government schedules that the bill will be promulgated before the upcoming election in early 2019. The question is, whether the government and legislators are able to agree on...
Background Law No. 20 years of 2011 concerning Condominium (“Condo Law”) regulates the quality improvement for condominium (“Condo Unit”) that must be conducted by the owner of unit. It was not regulated in the previous condominium law. Quality Improvement The...
Preliminary Condominiums are one of the ideal alternatives to fulfill the society’s housing needs, especially in urban areas, due to the availability of land constraints. The condominium unit is a unit of condominiums whose main purpose is used separately with the...
One of the stages in the land procurement for development of public interest is the issuance of location determination by the Governor or Regent/Mayor if they receive delegation from the Governor. The location determination is used as a permit for land procurement,...
Financial Administration General P3SRS is responsible for the financial administration of condominium management after the Developer delivers the management to P3SRS which consists of management cost and other legitimate businesses. Management Cost The amount of...