Further to the implementation of Automatic Exchange of Information on 30 September 2018, the Director General of Tax has issued regulation No. PER-24/PJ/2018 regarding the new procedures for Spontaneous Exchange of Tax Information. The information to be exchanged may be obtained not just from tax audit, tax appeal or tax dispute activities, but also from tax compliance monitoring, tax data analysis or review of transfer pricing agreements.
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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.