Tuesday, 7 October 2008

Micro-small-medium scale enterprises

The government issued a new regulation on the Micro-Small-Medium Scale Enterprise (“MSMSE”) (Law No.20 of 2008) replacing the old law (Law No.9 of 1995). One of the significant changes is the amount capital for the criteria of MSMSE. The criteria of micro scale enterprise is enterprise with net asset IDR 50.000.000,- excluding land and buildings. The criteria of small scale enterprise is the enterprise with net assets more than IDR 50.000.000,- up to IDR 500.000.000,- excluding land and buildings. Then, the criteria of medium scale enterprise in the enterprise with net asset is the amount of more than IDR 500.000.000,- up to IDR,- excluding land and buildings.

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