21 December 2011 The Budget Bill for 2012 was enacted on 21 December 2011. Revision of transfer pricing regulation 1 December 2011 The Directorate General of Taxation (DGT) has revised the transfer pricing (TP) regulation in Indonesia through its Regulation No. PER-32/PJ/2011, which is applied since 11 November 2011. The new regulation revised the previous regulation, Regulation No. PER-43/PJ/2010 that was issued on 6 September 2010. The main changes in the new regulation are summarized as follows: Scope The new regulation differentiates between transactions with foreign related parties and domestic related parties. For domestic related parties, which includes permanent establishments...