The Corruption Eradication Commission (KPK) is still investigating the case of corruption that has brought down the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party). The investigation has been widened, and the KPK has started to probe on the involvement of other parties. But what’s interesting is that the KPK is investigating the potential involvement of members of the House Budget Committee and employees of the Ministry of Finance; not the potential involvement of the House Commission V, the Commission tasked with supervising infrastructure development matters.

To commemorate Indonesia’s independence day on August 17, 2016, the Government granted remission to 82,015 inmates all over Indonesia. Simultaneously, the Government also revived the plan to amend the requirements for granting remissions as currently stipulated in Government Regulation (PP) No. 99/2012. This announcement was followed by the news that the Justice Collaborator status had been occasionally put up for sale.

On August 8, 2016 the Government issued Government Regulation (PP) No. 34/2016 regarding income tax imposed on income derived from the transfer of rights to land and/or buildings, and from agreement of sale and purchase of land and/or buildings. PP 34/2016 is the replacement of PP No. 71/2008, which was the amendment of PP No. 48/1994. The new PP will come into force starting September 8, 2016. The following is a brief description of the content PP 34/2016.

The process of PKPU for PT Meranti Maritime will be over soon. The bill of one creditor that was not previously accepted by the team of administrators has reportedly been addressed through other mechanisms. That said, the problems following this PKPU process are so complex it may not be resolved in the near future, whereas the time limit provided by the law is almost over. Can Meranti Maritime escape bankruptcy?

The Corruption Eradication Commission (KPK) continues their investigation into the case of corruption that ensnared the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party). In the past two weeks, the KPK has summoned and asked for information from several parties allegedly involved in the case, including the Governor of West Sumatera Irwan Prayitno (PKS).

PT Niko Resources Limited, the subsidiary of Alberta-based oil and gas exploration and production company Niko Resources Ltd. (TSX: NKO) was declared bankrupt in July 2016 because the representatives of the company never attended the trial and the meeting of creditors for the entire process of Suspension of Debts Payment (PKPU) that began in January 2016. The creditors, however, still have to remain patient because to date the team of curators has not found any assets that can be used to pay off all of the Company’s debts.

PT Binamitra Sumberarta, a subsidiary of PT Delta Ultima Coal (Delta Coal) is facing a lawsuit on Suspension of Debts Payment (PKPU) filed by two of its business partners: PT RPP Contractors Indonesia (RCI) and PT Uletbulu Mining. But in the ongoing mediation process, Binamitra stated that the debt dispute appeared because the two partners were in default, a situation that caused losses to Binamitra. In defense of its claim therefore Binamitra filed a civil lawsuits against RCI and Uletbulu Mining separately through two different district courts.

On August 15, 2016 the trial of Doddy Arianto Supeno, an employee of PT Artha Pratama Anugerah (APP), which is a subsidiary of Lippo Group, continues. Doddy was caught bribing the Registrar of the Central Jakarta District Court Edy Nasution. Present as a witness at the hearing was the former Secretary of the Supreme Court Nurhadi Abdurrachman, who is also being investigated in the same case.

Just a few weeks after being appointed to replace Bambang Brodjonegoro, the Minister of Finance Sri Mulyani Indrawati published the final technical and implementing regulation on the implementation of the Tax Amnesty program. The Regulation of the Minister of Finance (PMK) No. 122/PMK.08/2016 regulates the Procedures for Transfer of Taxpayer’s Assets into the Territory of Indonesia and its Placement in the Investment Instruments outside of the Financial Markets. Here is a brief overview of the PMK 122.

On July 20, 2016 the Ministry of Finance led by Minister Bambang Brodjonegoro published the Finance Minister Regulation (PMK) No. 119/PMK.08/2016 on the Procedures for the Transfer of Taxpayers’ Assets into the Territory of Indonesia and its Placement in the Investment Instruments on Financial Markets. After Bambang was moved to the Ministry of National Planning, and the new Minister of Finance Sri Mulyani Indrawatri took over, the PMK 119 was revised to include several new items. And so last week, the PMK No. 123/PMK.08/2016 was published.