Indonesia Temporarily Eases Payments of Social Security Premiums for Businesses

 Nokor Khmer, Nov. 5, 2020

The Government of Indonesia issued Government Regulation 49 of 2020 focusing on the reductions and postponement in in the mandatory payments of the Workers Social Security premiums (BPJS Ketenagakerjaan) by businesses.

This is part of the government’s ongoing efforts to assist businesses to mitigate the economic impact caused by the pandemic.  

Find details in below link to full article. 

• Indonesia issued Government Regulation 49 of 2020 (GR 49/2020) on August 31, 2020, which provides reductions in and postponement of the social security payments made by businesses.
• To be eligible for a postponement in the premium payments, businesses will need to prove the COVID-19 pandemic has reduced sales/profit by at least 30 percent since February 2020.
• These incentives are only applicable between August 2020 to January 2021.

In full: https://www.aseanbriefing.com/news/indonesia-temporarily-eases-payments-of-social-security-premiums-for-businesses/