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News & Analysis

New Guidance for Initial Evidence Examination for Taxation Crime

27 March 2024 by ABNR - Indonesia

On 19 January 2024, the Indonesian Directorate General of Taxes (“DGT”) issued a Circular Letter of the Directorate General of Taxes No. SE-1/PJ/2024 (“SE No. 1/2024”) as an implementation to the enactment of Minister of Finance of the Republic of Indonesia Regulation No. 177/PMK.03/2022 concerning Procedures for Examining Initial Evidence of Criminal Acts in the Tax Sector which has been effective starting from 3 February 2023 (“PMK No. 177/2022”). PMK No. 177/2022 stipulates several updates which are reflected in SE No. 1/2024 including among other provisions related to (a) the time limit for submitting the initial evidence examination report which must be submitted no later than 1 (one) month before the examination period ends and (b) limitation on the extension period for the initial evidence examination into 12 (twelve) months. In general, SE No. 1/2024 establishes internal technical guidelines for DGT in conducting examinations of evidence of the initiation of tax crimes. This publication aims to provide a preliminary overview concerning the initial evidence examination for taxation crime under SE No. 1/2024.

News & Analysis

New Law Strengthens Regulatory Landscape for Financial Sector

20 December 2022 by Freddy Karyadi

In its aim to attract more investors, the Indonesian government has been reforming many laws and regulations since 2020. The wide-ranging Omnibus Law, which amends approximately 78 laws and regulations, was presented in 2020, the Tax Harmonization Law in 2021.

News & Analysis

Digital Era in Banking Activities

10 September 2021 by Ali Budiardjo Nugroho Reksodiputro - Indonesia

In line with the development of technology, consumers’ behavior in using financial services has shifted

News & Analysis

Revisiting 101 rule of Transfer Pricing in Indonesia

29 May 2023 by ABNR - Indonesia: Freddy Karyadi, Anastasia Irawati

As one of the designated Key Partners of the OECD, Indonesia has implemented some of the OECD’s Action Plans into its prevailing laws and regulations, including Action 8-10 concerning Transfer Pricing and Action 13 concerning Country-by-country Reporting.

News & Analysis

New Law Strengthens Regulatory Landscape for Financial Sector

20 December 2022 by Freddy Karyadi

In its aim to attract more investors, the Indonesian government has been reforming many laws and regulations since 2020. The wide-ranging Omnibus Law, which amends approximately 78 laws and regulations, was presented in 2020, the Tax Harmonization Law in 2021.

News & Analysis

Indonesian Taxation for Electronic System Trading

22 September 2020 by Asia law

Indonesian Taxation for Electronic System Trading