Recently, PNB Law Firm provided a new business column to the investment website indonesia-investments.com. In the column we discuss the issuance of the new Ministry of Finance regulation number 107/PMK.03/2017 on the Determination of the Moment of Acquisition of Dividends and the Basis for Their Income Tax Calculation by Domestic Taxpayers for Capital Participation in Overseas Non-Listed Companies (New Regulation).
The New Regulation focuses on income tax which is levied on dividends from controlled, non-listed foreign companies. In the column we explain the difference between directly and indirectly controlled foreign companies (PT PMA). Moreover we provide a short explanation on deemed dividends and actual dividends.
Readers can find the full version of the column on indonesia-investments.com.