On 17 September 2020, the Indonesian Directorate General of Taxation posted online Regulation No. PER- 17/PJ/2020 regarding the procedures for completing applications, implementing, and evaluating an advance pricing agreement (APA).

The regulation includes the following provisions:

  • Details for the completion of applications, negotiations, corrections, and evaluations of APAs;
  • Procedures for the cancellation of bilateral and unilateral APA applications;
  • APA applications under review;
  • The impact of the COVID-19 pandemic on existing APAs;
  • Review process for related-party transactions;
  • The requirement for taxpayers to file requested transfer pricing information within fifteen days from the date of request; and
  • The financial statement element projection form, which indicates transfer pricing rules affected by the pandemic.

The regulation has come into effect on 17 September 2020.