Omnibus Law for improving Investment Climate
Dear Readers, PRIME Consultancy would like to give you regularly updates about the so-called omnibus law that shall be upcoming soonest in 2020. This bill was first announced December last year and aims to overrule various regulations concerning different topics. After several failed attempts, a draft bill has been submitted to the House of Representatives on 12 February. Here are some of the recent developments on the bill that could significantly change the business climate in Indonesia: The draft is 1028 pages long containing 1200 articles covering 11 topics, with the main topics being job creation, taxation and SMEs. It shall be replacing in one go dozens of other laws with thousands of implementation regulations that are all together seen as the root of the…
