The Indonesian Minister of Finance issued Regulation No. 39/PMK.03/2017 of 3 March 2017 on the exchange of information as required under the international agreements entered into by the government including tax agreements, tax information exchange agreements, multilateral or bilateral competent authority agreements, the Convention on Mutual Administrative Assistance in Tax Matters, and intergovernmental agreements.
The regulation sets out, inter-alia, the information that could be released, conditions for the release of information requested and the reporting requirements of the reporting entities. The information could be exchanged through formal requests to the competent authorities, voluntarily or through automatic periodical reporting.
