Skip to main content

Featured

20 May 2024: Legal Overview on Tapera (Tabungan Perumahan Rakyat), the "Citizen's Saving for Housing"

On 20 May 2024, Indonesia promulgated the Government Regulation Number 21 Year 2024 on the Amendment of Government Regulation Number 25 Year 2020 on the Implementation of Citizen's Saving for Housing (Peraturan Pemerintah Nomor 21 Tahun 2024 tentang Perubahan atas Peraturan Pemerintah Nomor 25 Tahun 2020 tentang Penyelenggaraan Tabungan Perumahan Rakyat) , commonly called as the " Tapera " . Referring to its definition, in principle, Tapera is a saving, conducted periodically by the "Participant", that can be utilized only for financing the housing and/or can be returned along with its yield resulted after the one's participation is ended. As stipulated in Article 15 of the Tapera regulation, the "Saving" rate has been set at 3% (three percent) of the "Salary" or "Wage" towards the "Employee Participant" (0.5% by the Employer and 2.5% by the Employee), and of the "Income" towards the "Independent Worker...

5 January 2022, Law on Fiscal Relationship between Central Government & District / Local Government

Law on Fiscal Relationship between Central Government & District / Local Government has passed the legislature and been enacted on 5 January 2022; the Law Number 1 Year 2022 on Fiscal Relationship between Central Government & District / Local Government (Hubungan Keuangan antara Pemerintah Pusat & Pemerintah Daerah) ("Law").

Among other provisions of the Law, there are considered as the improvement of Law Number 28 Year 2009 on Local Tax & Local Levies (Pajak Daerah & Retribusi Daerah) ("Law 28"), whose provisions has been partially declared as unconstitutional by the Judicial Review Verdict Number 80 Year 2017 by Constitutional Court.

Some (new term of) local taxes, the tax to be levied by the district / local government, are improved / added in the new Law (in comparison with Law 28), e.g. the PBJT (Pajak Barang & Jasa Tertentu, literally translated: Tax on Certain Goods & Services).

---

Should you have any enquiry about Indonesian law, please don't hesitate to contact us for free information about Indonesian law.