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Update on Indonesian Controlled Foreign Corporation Rule

Global Tax Update:September 2017/Indonesia

The Minister of Finance ("MoF") has issued regulation number 107/PMK.03/2017 ("PMK-107") dated 27 July 2017 to update the implementation of the CFC rule. (Global Tax Update:September 2017/Indonesia)

The Minister of Finance ("MoF") has issued regulation number 107/PMK.03/2017 ("PMK-107") dated 27 July 2017 to update the implementation of the CFC rule. This regulation revokes PMK-256/PMK.03/2008 ("PMK-256") and some parts of MoF Decision 164/KMK.03/2002 ("KMK-164") on foreign tax credit for dividends paid by a Controlled Foreign Corporation ("CFC"). This new CFC rule is effective starting in fiscal year 2017.

This newsletter explains the following topics;

(1) CFC Criteria
(2) Trust
(3) Timing of Deemed Dividend
(4) Deemed Dividend Calculation
(5) Foreign Tax Credit


>> Click for Japanese [インドネシアにおけるタックスヘイブン対策税制(Controlled Foreign Corporation Rule)のアップデート]

(57KB, PDF)

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