ANNOUNCEMENT 14 Jan 2016In January 2016, the government of Indonesia announced changed rules for foreign investors.
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Press release by the Ministry of Information (in Bahasa Indonesia)
On 14 January 2016, the Indonesian Minister of Information announced in a press conference that the country will open its e-commerce sector to foreign investors. With the implementation of the new law, foreigners may own up to 100% of an Indonesian e-commerce. Prior to the change, e-commerce firms were on the "negative list" and thus foreign investment was not allowed.
The press release mentioned that the programme shall enter into force at the end of January 2016. The release also mentions that different income tax rates may apply for foreign and domestically owned firms. However, no details on the exact implementation date or tax regime have been specified thusfar.