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TNF September 2019: Deemed Profit Repatriation Rules Clarified for Controlled Foreign Companies (CFCs)

TNF September 2019: Deemed Profit Repatriation Rules

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id-tnf-september-2019

The Indonesian Tax Authority (ITA) has issued Regulation No. 93/PMK.03/2019 (PMK-93) to amend PMK-107 regarding CFC rules - as discussed in our August 2017 Tax News Flash. PMK-93 provides greater clarity regarding taxation of deemed dividends for CFCs. Unfortunately, several other concerns are still yet to be addressed by the ITA.

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