Tax Update February 2018
On 29 December 2017, the Directorate General of Tax (“DGT”) has issued PER-29 regarding the procedures for managing Country by Country Report (“CbCR”). PER-29 is issued as the implementing regulation for Ministry of Finance Regulation No. 213/PMK.03/2016 (“PMK-213”) which requires the taxpayer who has related party transactions to maintain 3 (three) tiered Transfer Pricing Documentation, i.e. Master File, Local File, and CbCR.
According to PER-29, there are several domestic taxpayers who qualify to submit the CbCR starting for fiscal year 2016.
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