The Director General of Taxation (the DGT) of Indonesia issued DGT Regulation 29/PJ/2017 (PER-29) concerning implementing regulations on Country-by-Country (CbC) Reporting requirements, effective as of 29 December 2017. PER-29 provides some clarity regarding the implementation of CbC reporting in Indonesia.
The CbC reporting rules first apply in Indonesian for the year ended 31 December 2016. Indonesian and foreign headquartered multinational groups need to comply with the new notification requirements and determine whether local filing of the Country-by-Country (CbC) report is also required with filing deadline of 30 April 2018.