New Ministry of Finance Regulation on Advance Pricing Agreements
Tax Alert:February 2015/Indonesia
On 12 January 2015, the Indonesian Ministry of Finance released 07/PMK.03/2015 (PMK 7) which deals with Advance Pricing Agreements (APA). (Tax Alert:February 2015/Indonesia)
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Unilateral and Bilateral APAs are available and frequently used in Japan. The NTA prefers Bilateral APAs and a rollback of up to six years is possible in the case of a Bilateral APA. Rollback is not permitted in unilateral cases.