This December 2014 Tax News Flash covers Tax Information Exchange Agreements (“TIEAs”)
The increase in cross-border transactions that comes from global financial systems requires more effective cooperation between country governments, especially regarding transaction tax implications. Therefore, exchange of information between governments is becoming one of the key sources to ensure taxpayers comply with tax regulations.Indonesia has ratified the above TIEAs, which became effective in September 2014
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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