Tag: Indonesia
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Director General of Taxes Regulation No. PER-29/PJ/2017 in Indonesia
Director General of Taxes Regulation No. PER-29/PJ/2017 (“PER-29”) is an implementing regulation issued by Indonesia’s Directorate General of Taxation (DGT) on December 29, 2017. It details the procedures for the management of Country-by-Country Reporting (CbCR) in Indonesia, supplementing the requirements set out in Ministry of Finance Regulation No. 213/PMK.03/2016. Key Provisions of PER-29/PJ/2017 Scope and…
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Minister of Finance Regulation No. 213/PMK.03/2016 in Indonesia
Minister of Finance Regulation No. 213/PMK.03/2016 (PMK-213) is a regulation issued by the Indonesian Ministry of Finance that governs additional documentation and information requirements for taxpayers engaging in transactions with related parties. The regulation, effective from December 30, 2016, aims to align Indonesia’s transfer pricing documentation rules with international standards, particularly the OECD’s Base Erosion…
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Country-by-Country Reporting (CbCR) in Indonesia
Indonesia has fully implemented the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 recommendations, including Country-by-Country Reporting (CbCR). As a member of the OECD Inclusive Framework, Indonesia has aligned its domestic tax laws with international standards to enhance tax transparency and counter tax avoidance by multinational groups. This guide provides a detailed overview of…
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How CbC reporting is presented in Indonesia
Indonesia has also implemented Country-by-Country (CbC) reporting requirements as part of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action Plan. The CbC reporting framework aims to increase transparency in international tax matters and prevent multinational corporations from shifting profits to low-tax jurisdictions. In Indonesia, multinational corporations with a…
CbC Reporting 