JAKARTA, INDONESIA, January 15, 2011 (Press-News.org) The regulation was dated 31st December 2010 but only issued on 4th January 2011. The Regulation No.43/2010 dated 6th September 2010 confirmed the possibility for taxpayers to apply for an APA, but there were no detailed rules provided at that time regarding the APA procedures to be followed. The release of Regulation No.69/2010 is significant in that it indicates that the DGT is now serious in its encouragement for taxpayers to manage their transfer pricing risks in Indonesia through the APA mechanism.
The regulation mainly explains the various stages of the APA process:
• Pre-lodgment meeting.
• Submission of APA formal application.
• Discussion of the terms of the APA.
• Preparation of the formal APA agreement.
• Implementation and evaluation on APA.
Interestingly, Regulation No.69/2010 only provides for APAs of three years' duration, although the terms can be rolled back to prior years as well if those prior years have not been subjected to tax audit. Furthermore, Regulation No.69/2010 provides that the information/data/records submitted to the DGT as part of the APA application process must not be disclosed by the DGT to other parties. The regulation also provides that, if an APA cannot be finalized, the DGT should return all of the information/data/records to the taxpayer and that the DGT is prohibited from using the information/data/recordsin the future in the conduct of any tax audits or investigations of the taxpayer.
The inclusion and implementation of such a confidentiality provision has been critical for the success of APA programs in many other tax jurisdictions. Transfer Pricing Associates has recently been nominated as one of the leading transfer pricing firms in Indonesia for the 2010 year by the prestigious International Tax Review magazine.
About Transfer Pricing Associates
Transfer Pricing Associates is the leading independent provider of global transfer pricing and valuation services and part of the Transfer Pricing Associates Global group. The Transfer Pricing Associates Global group is an independent and specialist provider of expert transfer pricing, tax valuation and customs services, headquartered in Amsterdam and with our own offices and coverage in over 30 countries around the world. Transfer Pricing Associates provides high quality transfer pricing advice and assistance to multinationals of all sizes, wherever they are located. For more details of our innovative services, please visit our website at http://www.tpa-global.com
Transfer Pricing Associates is the leading independent provider of global transfer pricing and valuation services and part of the Transfer Pricing Associates Global group. The Transfer Pricing Associates Global group is an independent and specialist provider of expert transfer pricing, tax valuation and customs services, headquartered in Amsterdam and with our own offices and coverage in over 25 countries around the world. Transfer Pricing Associates provides high quality transfer pricing advice and assistance to multinationals of all sizes, wherever they are located.
The Indonesian Director General Of Taxation Releases Regulation No.69/2010 Concerning Advance Pricing Agreements
The Director General of Taxation (DGT) of Indonesia has released Regulation (No.69/2010) outlining the procedural requirements to be followed by taxpayers in order to obtain the benefits of an Advance Pricing Agreement (APA).
2011-01-15
ELSE PRESS RELEASES FROM THIS DATE:
Yucatan Holidays Confirm as the Latest Major Sponsor for Timeshare and Fractional Networking Expo GNEX 2011
2011-01-15
Perspective Magazine, the timeshare and fractional industry's leading multi-media information provider, announces that Yucatan Holidays will be a Silver Sponsor of the 1st Annual Global Networking Expo, GNEX 2011.
"We're very proud to sponsor GNEX 2011, Perspective Magazine's inaugural shared ownership conference. As a leading, Mexican-owned tourism business, Yucatan Holidays values collaborating with this important international industry leader and is looking forward to representing our region, and the new era of industry developments and global networking that GNEX ...
Get Started on a Home Based Marketing Business Now
2011-01-15
There are tons of ads that you can come across with while browsing the Internet, and most offer instant income just by working online. However, such ads are just too good to be true. And most of the time, these are all scams put up by people who wants to take every cent out of your pocket. So if you want to succeed in an online business venture, then quit signing up for such hoax and start establishing your own home based marketing business NOW. It may sound so complicated especially for beginners, but you might be surprised at how easy it seems once you start taking things ...
Senior Mining Industry Executives Discuss The Future Of The Industry
2011-01-15
The 5th annual World Mining Investment Congress 2011 will be taking place May 17 - 19 at the Royal Garden Hotel, London UK. With next year's investment in mining expected to break the records set before the global financial crisis, there has rarely been a better time to be seeking capital for new projects. The World Mining Investment Congress therefore provides you with an ideal forum in which you can meet the investors and mines whose partnership can drive your business forward. In addition to key networking opportunities, the event offers the chance to hear from authoritative ...
CoffeeAuthorities "Operation Cuppa Joe For The USO" Mission Is To Collect, Donate And Distribute One Million Pounds Of Gourmet Coffee To Support US Troops Stateside & Abroad
2011-01-15
CoffeeAuthorities, a Premier Specialty Coffee Brand & Retail Development firm kicks off its efforts to collect, donate and distribute over One Million Pounds of Specialty Gourmet Coffee to all military branches stateside and abroad throughout 2011. CoffeeAuthorities will work with growers, roasters, retailers and ancillary coffee companies to raise awareness, coffee donations, raise funds and drive foot traffic to participating retailers to support this program. The company will launch its yearlong Operation Coffee at Coffee Fest Sixty in Chicago with the support of its ...
Starwood Egypt Honors The Media Figures
2011-01-15
Starwood Hotels & Resorts Egypt organized an elegant soiree to honor media figures as an appreciation for the exceptional business relations between them and General Managers, Directors of Sales & Marketing and Public Relations of Starwood Egypt Properties.
The event which took place at the newly opened restaurant "Latest Recipe" at Le Meridien Pyramids Hotel & Spa was attended by a large number of key print and online media as well as satellite channels personnel.
Valuable prizes were granted to tombola lucky winners during the event i.e. two airline tickets to ...
Key New Healthcare Appointment for EMS
2011-01-15
Roadshow promotions specialist Event Marketing Solutions (EMS) has appointed Rob Jordon as Business Development Manager to further strengthen its specialist EMS Healthcare division, which delivers mobile health services via its large fleet of mobile medical units.
A host of clients, including leading independent care provider Care UK, have already taken advantage of EMS' ability to provide cost-effective, high-quality temporary health clinics that can be deployed extremely rapidly.
Rob, who was previously Business Development Manager for Portakabin Healthcare, has ...
Axence nVision 5.0.1.8950 Now Available
2011-01-15
Axence nVision provides: proactive network monitoring, hardware and software inventory, user monitoring, protection against data leaks, remote technical support - in one, centrally managed software.
Version 5.0.1.8950 introduces:
New functions:
- Change on a switch's port event can be configured to occur only for new MAC addresses;
- User activity data compacting:
Agents' profile option for sending already compacted data,
atlas option for compacting agents' data older than specified period of time,
data compacting function in nVision database backup & repair.
...
Billings Swords for Kids Community Project Vying for Pepsi's Top Grant Dollars
2011-01-15
Winner to be chosen by voter popularity - Swords for Kids now ranks 35th of 309 community projects nationwide.
The Billings Chamber of Commerce/Convention and Visitors Bureau (http://www.billingschamber.com/) together with BikeNet (http://bikenet.org/) and other area business partners, is helping promote an opportunity to improve, restore and preserve Sword's Park for the children of today and tomorrow. This community project offers Billings, Montana residents and visitors the chance to enjoy not only the view but also the recreational opportunities, healthy living advantages ...
Datalogic Mobile Announces the New Falcon X3 with Power3 Technology
2011-01-15
Datalogic Mobile, recognized as the worldwide leader of rugged and ergonomic mobile computers, announces its new Falcon X3. This top of the line PDT, available in hand-held and pistol grip versions, offers exciting new features that tackle even the toughest applications found in today's supply chain.
The new Falcon X3 provides real time data capture and communication, assuring accurate inventories and maximizing productivity. Available with either laser scanner or 2D imager, the Falcon X3 can be configured to match the needs of any department. Both laser and imager come ...
Girbau Sets Up a Subsidiary in the Dominican Republic
2011-01-15
This January Girbau S.A., one of the leading companies worldwide in the manufacture of laundry equipment, is opening a subsidiary in Santo Domingo in the Dominican Republic.
After operating in the country for 18 years, the group has decided to set up a company with Girbau capital. According to the group's Vice-president Sales, MKT & Services, Toni Rubies, 'the opening of a new subsidiary in the Dominican Republic will help to provide a better service for the clients we have in the country, with a more direct and specialised service. The subsidiary will allow us to be ...
LAST 30 PRESS RELEASES:
Weight-loss drug semaglutide reduces cocaine use in rats: Suggests possible first pharmacological treatment for human cocaine dependency
Are probiotics worth the cost to prevent infection after a colon removal surgery?
Mizzou at the forefront of using hydrogen energy safely
New design framework makes it easier to create custom shock-absorbing materials
Ochsner Health honored by AMA for Joy in Medicine
New meta-analysis demonstrates that access to the GeneSight test can significantly improve response and remission rates for patients with depression
UCLA receives $7.1M federal grant to expand psychotherapy treatment for chronic pain
One dose of antibiotic treats early syphilis as well as three doses
Researchers identify single antibody behind life-threatening reaction to common blood thinner
Don’t sweat it: New device detects sweat biomarker at minimal perspiration rate
Not so sweet: Some sugar substitutes linked to faster cognitive decline
Antibody-making cells reveal new function in response to flu infection
CCNY physicists make quantum emitter discovery in diamonds
SwRI and Copeland win R&D 100 Award for innovative oil-free compressor
Loneliness is bad for health and wealth in the U.K.
Oral health treatment in patients due for surgery is associated with significantly lower rates of postoperative pneumonia and shorter hospital stays, per observational study in one Japanese hospital,
Oxygen came late to ocean depths during Paleozoic
Among women suffering hyperemesis (extreme nausea and vomiting) in pregnancy, half report considering terminating their pregnancy, and 9 in 10 have considered having no more children
Loneliness is bad for health and wealth in the UK
Climate change is making rollercoaster harvests the new normal
Misdirected: Increased dementia risk associated with errors of the 'brain’s compass'
Sip smarter: Apple juice effects on oral health are short-lived, study suggests
Vegan dog food provides similar nutrients to meat-based diets, new study finds
The cling of doom: How staph bacteria latch onto human skin
Emotional and medical toll of extreme pregnancy nausea, with many women considering ending pregnancies
DNA analysis shows colorectal cancer has unique microbial fingerprint
Sugar-coated nanoparticles could target deadly breast cancer
Understanding catalyst activity for green hydrogen production
Zhu harnessing interpretable neuro-symbolic learning for reliable ranking
George Mason researchers receive funding for Quantum System Stability & Reproducibility Workshop (StableQ)
[Press-News.org] The Indonesian Director General Of Taxation Releases Regulation No.69/2010 Concerning Advance Pricing AgreementsThe Director General of Taxation (DGT) of Indonesia has released Regulation (No.69/2010) outlining the procedural requirements to be followed by taxpayers in order to obtain the benefits of an Advance Pricing Agreement (APA).