The Indonesian Government has issued Regulation No. 49 of 31 August 2020, which provides relief for companies in respect of certain social security contributions from August 2020 to January 2021, in light of the ongoing COVID-19 pandemic. The relief is provided in relation to the social security program for employees, including:
- a 99% reduction in the monthly contributions for work accident insurance (Jaminan Kecelakaan Kerja - JKK), which normally ranges between 0.24% and 1.74% of monthly s…