News & Articles

EuroCham Insurance Members met the Chair of Fiscal Policy Agency on Tax Treatment for Insurance Sector

Published on 23 January 2019

Following the last meeting in December last year, EuroCham insurance members, together with US-ASEAN Business Council, Indonesia Canada Chamber of Commerce, AmCham Indonesia, and BritCham Indonesia met again on 23 January 2019. The meeting served as a preparation for upcoming policy meeting with the Chair of Fiscal Policy Agency, Suahasil Nazara. The purpose of this preparatory meeting was to finalize talking points as well as presentation materials to be presented to the Fiscal Policy Agency, as well as the roles of each foreign chambers in this joint advocacy effort.

Following the preparatory meeting, the group met Suahasil Nazara on the next day, 24 January 2019. The group presented a common issue related to tax treatment for the insurance sector, which could impact the overall insurance industry. During the meeting, the Fiscal Policy Agency recognized the urgency of the issue and therefore willing to facilitate a joint assessment with the Directorate General of Tax and the Financial Services Authority.

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Meeting with the Customs Main Office on Procedures to Get Preferential Tariffs Based on FTAs

Published on 18 January 2019

On 18 January 2019, the EuroCham Transport and Logistics Working Group approached the Directorate of International Customs and Inter-Agency to consult on remaining issues in the implementation of Minister of Finance Regulation No. 229 of 2017 on Procedures to Get Preferential Tariffs Based on FTAs. The group representatives were met by Buhari Sirait as the Deputy Director for Regional who was accompanied by other officials from the directorate. Topics specifically discussed were about the transit and transshipment procedures, deadline for submission of original copy of Certificate of Origin, and lastly the requirement to include information of shipment route in the through bill of lading. During the meeting, the Customs Main Office also shared latest development made to accelerate negotiation with other partner countries to implement electronic Certificate of Origin.

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