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Amended Controlled Foreign Company Rules

Amended Controlled Foreign Company Rules


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At the end of July the Indonesian ministry of finance issued a new regulation with regard to the Indonesian CFC rules.  The regulation amends the already existing CFC rules.

The most important chance is that now also indirectly held CFCs will fall under the rules.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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