Featured
- Get link
- X
- Other Apps
20 May 2024: Legal Overview on Tapera (Tabungan Perumahan Rakyat), the "Citizen's Saving for Housing"
On 20 May 2024, Indonesia promulgated the Government Regulation Number 21 Year 2024 on the Amendment of Government Regulation Number 25 Year 2020 on the Implementation of Citizen's Saving for Housing (Peraturan Pemerintah Nomor 21 Tahun 2024 tentang Perubahan atas Peraturan Pemerintah Nomor 25 Tahun 2020 tentang Penyelenggaraan Tabungan Perumahan Rakyat), commonly called as the "Tapera".
Referring to its definition, in principle, Tapera is a saving, conducted periodically by the "Participant", that can be utilized only for financing the housing and/or can be returned along with its yield resulted after the one's participation is ended.
As stipulated in Article 15 of the Tapera regulation, the "Saving" rate has been set at 3% (three percent) of the "Salary" or "Wage" towards the "Employee Participant" (0.5% by the Employer and 2.5% by the Employee), and of the "Income" towards the "Independent Worker Participant" (3% is fully covered by the Worker).
Tapera is administered by the "BP Tapera" (Badan Pengelola Tapera), Administrative Body of Tapera, a legal entity established by the regulation for administering the Tapera. In Article 31 of the Tapera regulation, BP Tapera appoints Investment Manager and Custodian Bank, one bank with conventional principle and the other one with sharia principle.
Following its promulgation and further implementation, it gives rise to many comments in the society, among other comments are the objection, either from the employee and employers' association, and the planning underway for judicial review.
If you have any questions or enquiries related to the context, you may contact us via email for further assistance.
- Get link
- X
- Other Apps
Popular Posts
Company's Stamp & Stamp Duty ("materai") in Indonesia
- Get link
- X
- Other Apps
7 October 2021: Indonesian legislature has passed, validated Carbon Tax, adjustment related to Corporate Income Tax (PPh Badan), Value Added Tax (VAT or PPN), and Tax Amnesty under the draft of Harmonized Laws on Taxation (RUU HPP / Harmonisasi Peraturan Perpajakan)
- Get link
- X
- Other Apps
The newest Indonesia Stamp Duty Law (Undang - Undang Bea Meterai terbaru)
- Get link
- X
- Other Apps
24 September 2021: News on Minister of Trade Regulation: Benchmark of Export Price on Agriculture & Forestry Products Levied with Export Duty
- Get link
- X
- Other Apps
30 August 2022, Indonesia legislature on RCEP (Regional Comprehensive Economic Partnership Agreement)
- Get link
- X
- Other Apps
How does Indonesian Company Law view over buy back, tag along - drag along right, and right of first refusal
- Get link
- X
- Other Apps
5 January 2022, Law on Fiscal Relationship between Central Government & District / Local Government
- Get link
- X
- Other Apps
2020 Indonesian Business Permits, (More) Electronically Integrated
- Get link
- X
- Other Apps