Accounting News Flash January 2017: Revocation of Circular Letter regarding Accounting for Telecommunication Towers

ANF Jan 17: Accounting for Telecommunication Towers

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This publication highlights the issuance of OJK’s Circular Letter number
36/SEOJK.04/2016 (“Circular Letter”) which is expected to resolve the perceived differences that arise between the previous Circular Letter Number
27/SEOJK.04/2015, which had been effectively revoked by the recently issued Circular Letter, and the requirements under ISAK 31.

Listed telecommunication tower companies that are likely to be affected by this Circular Letter may need to carefully analyze the effective date of the Circular Letter, taking into consideration the effective date and specified transition provisions of ISAK 31.

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