19. Indonesia
Monetary threshold for LF preparation
Applicable if any of the following thresholds are met:
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Annual gross revenue of IDR 50 billion or more
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Related-party transactions involving tangible goods totaling IDR 20 billion or more
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Related-party transactions involving services, intangible assets, or other transactions totaling IDR 5 billion or more
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Transactions with related parties located in countries with lower tax rates than Indonesia
Preparation deadline
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Within 4 months after the end of the fiscal year.
Submission deadline
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Within 1 month of a request by the tax authorities.
Language
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Indonesian
Penalty
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PMK-172/2023 does not stipulate specific monetary penalties.
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However, failure to submit the LF upon request may lead to adjustments based on the tax authority’s own transfer pricing analysis.
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Reference: PMK 172/2023
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