Blog

Unveiling PMK-172: The Impacts on Indonesia’s Transfer Pricing Landscape

The Minister of Finance (MoF) issued regulation No.PMK-172 on December 29, 2023, providing guidelines for implementing the Arm's Length Principle (ALP) on Related-Party Transactions (RPT)....

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AN UPDATE ON INDONESIAN VALUATION PROCEDURES FOR TAXATION PURPOSES

The government's recent introduction of Minister of Finance Regulation Number 79 of 2023 (PMK-79/2023) focuses on...

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Indonesia’s Benefit Tests: Preliminary Steps in Applying the Arm’s Length Principle for Intercompany Service Transactions

The Indonesian Government, in PMK Number 22/03/2020 (”PMK-22/2020”), emphasized the significance of 'preliminary steps' when...

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Brief Overview of MoF Regulation No 66/2023

The Indonesian Government has issued MoF Regulation No 66/2023 which came into force on July 1, 2023, regarding the Income Tax Treatment for compensation or remuneration related to work or services rendered, received in the form of benefit-in-kind (BIK). Deductible BIKs are BIKs that represent compensation related to...

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