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Law on State Capital (Indonesian: Undang-Undang Ibu Kota Negara/UU IKN) is an omnibus law to relocate capital of Indonesia from Jakarta to Nusantara at East Kalimantan as new capital of Indonesia. [1] The omnibus bill of the law was passed into law on 18 January 2022, [2] [3] and finally commenced on 15 February 2022. [4]
The 2023 State Capital Act (Indonesian: Undang-Undang Ibu Kota Negara/UU IKN 2023) is an omnibus bill to amend the previous Law on State Capital, a piece of law to relocate capital of Indonesia from Jakarta to Nusantara at East Kalimantan as new capital of Indonesia.
For decades, Indonesia has mulled the relocation of its capital from Jakarta, which is overcrowded and subsiding rapidly. On 26 August 2019, President Joko Widodo announced that the future Indonesian capital will be carved from Penajam North Paser and Kutai Kartanegara regencies in East Kalimantan province.
Indonesia plans to transfer over 10,000 civil servants to the new city in September. The Nusantara project has already been beset by construction delays, complications with acquiring land, and a ...
Indonesia's parliament on Thursday designated special status for Jakarta, keeping the metropolis as the country's economic epicentre, amid plans to move the capital city to Borneo island.
A foreign tax credit (FTC) is generally offered by income tax systems that tax residents on worldwide income, to mitigate the potential for double taxation. The credit may also be granted in those systems taxing residents on income that may have been taxed in another jurisdiction.
Nusantara, [a] officially Nusantara Capital City [1] (Indonesian: Ibu Kota Nusantara, abbreviated IKN), is the future capital city of Indonesia. [2] Located on the east coast of the island of Borneo, the city is founded on partial areas of East Kalimantan regencies of Kutai Kartanegara and Penajam North Paser.
The capital of Indonesia, officially the capital of the Unitary State of the Republic of Indonesia (Indonesian: Ibukota Negara Kesatuan Republik Indonesia), is Jakarta, [1] one of the oldest continuously inhabited cities in Southeast Asia. Jakarta, previously known as Batavia, was the de facto capital of the Dutch East Indies.