Common Contracts
1 similar General Agreement on Trade in Services (Gats) contracts
INDONESIAGeneral Agreement on Trade in Services (Gats) • April 8th, 2008
Sector or subsector Limitations on market access Limitations on national treatment Additional commitments ALL SECTORS INCLUDED IN THIS SCHEDULE 1), 2) As specified in each sector 1), 2) As specified in each sector 3)Commercial Presence of the foreign service provider(s) may be in the form of joint venture and/or representative office, unless mentioned otherwise. Joint venture should meet the following requirements: i)should be in the form of Limited Liability Enterprise (Perseroan Terbatas/PT), ii)not more than 49% of the capital share of the Limited Liability Enterprise (Perseroan Terbatas/PT), may be owned by foreign partner(s). 3)The Income Tax Law provides that non-resident taxpayers will be subject to withholding tax of 20% if they derive the following income from Indonesian source:a) interestb) royaltiesc) dividendd)fee from service performed in Indonesia Land AcquisitionUndang-Undang Pokok Agraria (Land Law) No. 5 of 1960 stipulates that no foreigners (juridical and natural
