26 Mar 2018
TP Docs Series:
Related Party
Even looks easy, but many clients still ask, what is the definition of Related Party?
This is my second article regarding the understanding Related Party.
Action 13 of OECD for BEPS mentioned about the company has the responsibility to provide Master File, Local File and Country by Country Report (CbCR) if any related party transactions. The above requirement is a compulsory if the company and the transactions fulfilled the threshold for criteria to prepare TP Documentations, as I mentioned in the previous article:
For some taxpayers, it will be quite difficult to consider whether they have related party between the companies or companies with individuals.
The most broadest definition about Related Party can be based on Accounting Principle (PSAK No.7 year 2015, revision).
In practice, checking at the disclosure at in the audit report is recommended to check if any related party issue.
Please do not hesitate to prepare TP Docs, if you find any information concerning the ‘Related Party issued’ in the Audit Report, unless you have a strong reason to prove you do not have any related party.
Best Regards,
Agung Tjahjady SH, CLA, CPA, MM, BKP (Managing Partner)
Registered Tax Consultant, Advocate
+62 816 825 348
BVD Oriana User
Read Other Updates
-
Perizinan Berusaha Jasa Konstruksi (SBU dan SKK)
04 Mar 2022
-
Ketentuan Saksi-Saksi Di Dalam Hukum Perdata
25 Feb 2022
-
Hak Waris Anak Di Luar Kawin
24 Feb 2022
-
Status Hukum Harta Bawaan dan Harta Bersama Ketika Perceraian
17 Feb 2022
-
Kewajiban Melaporkan Izin Kawasan Berikat Bagi Perusahaan Yang Melakukan Perubahan Nama
02 Feb 2022
-
Penundaan Peluncuran Sistem OSS RBA oleh Kementerian Investasi
18 Jul 2021
-
Ketentuan Minimum Modal Disetor Untuk Perusahaan Penanaman Modal Asing
07 May 2021
-
Wajah Baru Online Single Submission Risk Based Approach (OSS - RBA)
02 Mar 2021