Indonesia will not impose local filing obligations on constituent entities of US multinational groups tax resident in Indonesia respect to fiscal years commencing on or after January 1, 2016, even if the US and Indonesia do not reach a competent authority agreement (CCA) on the exchange of country-by-country reports by April 30.
According to a memorandum of understanding reached by US and Indonesia last week, even though Indonesian law calls for such local filing in Indonesia if a CCA between the two nations is not operative by April 30, Indonesia’s competent authority will not require such filing with respect to US-parented companies.
The US and Indonesia hope to conclude a CCA and make it operative by May 31, the memorandum says.
Be the first to comment