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25 January 2018

Indonesia releases implementing regulations on Country-by-Country Reporting

Indonesia's Director General of Taxation (the DGT) issued DGT Regulation No. 29/PJ/2017 (PER-29), providing implementing regulations on Indonesian Country-by-Country (CbC) Reporting requirements, effective as of December 29, 2017. PER-29 provides some clarity regarding the implementation of CbC reporting in Indonesia. The Indonesian CbC reporting rules first apply for the year ended December 31, 2016. Indonesian and foreign headquartered multinational groups need to comply with the new notification requirements and determine whether local filing of the CbC report is also required (with the potential filing deadline of April 30, 2018). The Indonesian rules are now more consistent with the Organisation for Economic Co-operation and Development (OECD) standard.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0184

Document ID: 2018-0184

 

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