Indonesia's Ministry of Finance has published Regulation 213 /PMK.03/ 2016, which introduces new transfer pricing documentation requirements based on the three-tiered approach of BEPS Action 13.
Master/Local File
Under the new rules, a Master and Local file must be prepared if a taxpayer has related party transactions and meets any of the following conditions in the previous year:
- Annual gross income exceeding IDR 50 billion (~USD 3.74 million);
- Annual related-party transactions exceeding…