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U.S. Signs CbC Exchange Arrangement with Indonesia

29 June 2018

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Treaty Development

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United States-Indonesia

According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Indonesia on 13 June 2018. The arrangement was not yet published at the time of writing but will likely be published in the near future and is to apply for fiscal years beginning on or after 1 January 2016. An earlier Memorandum of Understanding between the U.S. and Indonesia included that Indonesia would not impose local filing requirements with respect to U.S. constituent entities for the 2016 year given that the CbC exchange...