Taxing Transactions through Electronic Systems (3)
It has been two months since the Ministry of Finance started imposing Value Added Tax (PPN) on using intangible foreign goods and services consumed domestically through electronic system transactions (PMSE), otherwise called digital transactions. As of August 2020, six foreign companies had the duty to collect PPN. Per September 1, 2020, the number had grown to 16 companies.
On Emas Mineral Murni’s Case: The End?
Nearly two years ago, the Indonesia Environmental Foundation (WALHI) filed a lawsuit against the Head of the Capital Investment Coordinating Board (BKPM). At the heart of the lawsuit is the Head of BKPM’s decision to grant a Production Operation Mining License (IUP-OP) to PT Emas Mineral Murni, a subsidiary of Canada-based Asiamet Resources Limited (formerly Kalimantan Gold Corporation Limited; LSE: ARS). After years of proceedings, at the stage of cassation, the Supreme Court finally decided in favor of WALHI. What will happen now?
Punishing Corporations (2)
In 2016, the Corruption Eradication Commission (KPK) successfully cooperated with the Supreme Court and ratified the Supreme Court Regulation (Perma) No. 3/2016 on the procedures for examining cases involving corporations. In 2017 the KPK named the first corporation suspect. To date, six companies have been named suspects. That said, the law enforcers are still finding it difficult to interpret and implement the terms of the Perma. Of the six suspects, only two have been found guilty.
Bambang Tri v. Ministry of Finance
On August 28, 2020, the Jakarta State Administrative Court (PTUN Jakarta) registered a lawsuit filed by Bambang Trihatmodjo, son of the late President Soeharto. The defendant of the lawsuit is the Ministry of Finance. What is going on?
Bosowa Corporindo v. OJK: New Lawsuit
The relationship between Bosowa Corporindo and the Financial Service Authority (OJK) is getting more complicated. We know that Bosowa actualized its lawsuit threat last week. On the same day the lawsuit was filed, the OJK removed Bosowa Corporindo’s voting rights at the Extraordinary General Meeting of Shareholders (RUPSLB) of Bank Bukopin. The RUPSLB was held on August 25, 2020, without Bosowa’s participation. Bosowa has since filed a different lawsuit at the Jakarta State Administrative Court (PTUN Jakarta), challenging OJK’s decision.
Trinitan Global v. Hitachi Singapore
On August 26, 2020, the Central Jakarta District Court registered a lawsuit filed by PT Trinitan Global Pasifik, the shareholder of PT Sky Energy Indonesia Tbk (JSKY). Trinitan sued its business partner Hitachi High Technologies Singapore Pte Ltd, who is also a shareholder in JSKY.
PT Sawit Mandiri Lestari v. Customary Community of Laman Kinipan
A video showing the Police dragging the Chief of the Laman Kinipan Indigenous Community in Central Kalimantan one Effendi Buhing was widely circulated on August 26, 2020. The Police arrested Effendi on suspicion of violent theft. Some, however, suspected that the Police had brought Effendi in because of a land conflict between the indigenous people and PT Sawit Mandiri Lestari (PT SML). This incident is unfortunate given that the administration of President Joko “Jokowi” Widodo had promised to pay more attention to indigenous communities.
On Jiwasraya’s Graft Case: IDX and OJK Responsibilities
The trial of the Jiwasraya case continues. On August 24, 2020, the prosecutors summoned several witnesses, including former President Director of PT Bursa Efek Indonesia (BEI/IDX) one Erry Firmansyah. Erry’s relationship with suspect Heru Hidayat goes back to before he served in BEI. Meanwhile, the President Director of PT Batutua Waykanan Minerals clarified several things related to the Company’s link to Heru Hidayat.
Bank Bukopin: Bosowa Corporindo v. OJK
The relationship between Bosowa Corporindo and the Financial Service Authority (OJK) is getting even tenser. The Company actualized its lawsuit threat earlier this week, but the day after, it had to face new problems. The OJK removed Bosowa Corporindo’s voting rights at the Extraordinary General Meeting of Shareholders (RUPSLB) of Bank Bukopin, held on August 25, 2020.
On Corruption in the KPU: Verdict for Wahyu Setiawan
The trial of the former Commissioner of the General Election Commission (KPU) Wahyu Setiawan, who allegedly abused his authority and received grafts, is finally over. During the hearing held on August 24, 2020, Wahyu was found guilty and punished to six years imprisonment. Wahyu, however, failed to become a Justice Collaborator, as expected. The Corruption Eradication Commission (KPK) also never agreed with the request, stating that Wahyu should have cooperated since the beginning of the inquisition stage, but apparently he did not. Now that Wahyu has been sentenced and the KPK demanded his cooperation, we wonder what will happen next. Note that the source of the problem, a PDIP politician Harun Masiku, is still nowhere to be found.