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Indonesia Seeks International Cooperation On Transfer Pricing Issues

by Mary Swire, Tax-News.com, Hong Kong

18 December 2009


Djoko Slamet Surjoputro, spokesman for the Indonesian Directorate General of Taxes, said 58 countries have agreed to share tax information and they were well placed to resolve transfer pricing issues with the agreement and support of other countries.

Speaking to reporters after opening a taxation seminar on the implementation of Indonesia's law on value-added tax, Djoko said Indonesia could not act alone in the taxation of multinational companies, but the country has a right to a share of the tax revenue and should not be subsidizing richer countries in this way. "Only if we resolve these issues on a bilateral basis can we prevent the benefit of tax revenues flowing to other countries. So, it is to keep our taxation rights fair," Djoko said.

"The state may suffer losses from transfer pricing resolutions but with the bilateral agreements, taxpayers will be expected to make good mistakes and meet their tax obligations correctly. If not, we will investigate them," he concluded.

This comprehensive report in our Intelligence Report series examines the global and national landscapes in which companies can use transfer pricing to improve their after-tax returns, including summaries of recent developments in design of the corporate supply train, the usefulness of 'offshore' in international corporate tax planning, and a section covering the spread of DTAAs and CFC laws. It is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report16.asp

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