Application of Income Tax and Value-Added Tax for Peer-to-Peer (“P2P”) Lending Companies Technological advances have been progressing rapidly along with the development of the internet on a wide scale, triggering the financial sector to adapt. In this day and age nearly all financial transactions can be conducted online. This ease of transaction escalates the number […]
Client Alert: The Investment by The Financing Companies In 2018, Otoritas Jasa Keuangan (“OJK”) issued OJK Regulation No. 35/POJK.05/2018 on the Organization of the Business Activities of Financing Companies (“POJK 35/2018”) to increase the role of financial companies, to improve prudential regulations, and to enhance consumer protection in the financial sector. Over time, the financing
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Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) has issued a Circular Letter No. 3/SEOJK.04/2022 of 2022 on the Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services (“Circular
