Indonesia MOF Considers Implementation of OECD Two-Pillar Approach

The Indonesian Ministry of Finance May 19 announced its readiness to implement OECD’s two-pillar approach, effective from 2023. The announcement includes the Ministry’s support of: 1) the implementation of OECD’s two-pillar approach for fair and efficient taxation; and 2) a 15 percent global minimum tax on the annual revenue of multinational entities to reduce the base erosion and profit shifting (BEPS) risks. [Indonesia, Ministry of Finance, 05/19/22]

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