New Indonesian transfer pricing reporting compliance requirements (“PMK-213”) were implemented on 30 Dec 2016 with immediate effect.
PMK-213 requires certain taxpayers in Indonesia to prepare a Master File (“MF”), Local File (“LF”) and Country by Country Report (“CBCR”). The preparation of the MF, LF and CBCR under PMK-213 is now mandatory with penalties applicable and needs to be available when the Corporate Income Tax Return is submitted.
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