At a Glance: Effects of the Omnibus Law on Investments in the Energy Sector
Following the enactment of the Omnibus Law on Job Creation as Law No. 11 of 2020 on 2 November 2020, KPMG Indonesia and Lubis Ganie Surowidjojo (“LGS”) Law Firm are offering a series of webinars to help our clients understand and manage the impact of changes arising from the new law.
In the second webinar of the series, presented live on 8 December 2020, we discussed the topic At a Glance: Effects of the Omnibus Law on Investments in the Energy Sector. We also addressed the tax implications that businesses need to understand and consider in their decision making.
KPMG Indonesia and LGS addressed the following key areas:
- Major changes and legal implications from the Omnibus Law on licensing and government authority in the energy industry - Mochamad Fajar Syamsualdi, Partner, LGS Law Firm.
- Tax effects of changes in the Omnibus Law on existing and new business activities, including government investments and projects - Anita Priyanti, Partner of Tax Services, Energy and Natural Resources, KPMG Indonesia.
Bernardi Djumiril - Director of Advisory Services, KPMG Indonesia acted as moderator of the session.