Transactions bietween related parties must be consistent with the principle of fairness. if a principle of fairness is not followed, the DGT may be authorized to recalculate the value of the taxable income or deductible costs arising from all such transactions by applying the principle of fairness.
Under all laws that have been stipulated and General Provisions and Tax Procedures, the government requires documentation of special transfer pricing to prove the fairness of related party transactions.
The Ministri of Finance has issued a regulation starting from December 30, 2016 regarading transfer pricing documentation, which requires Taxpayers with certain criteria to prepare transfer pricing documentation, namely Master File, Local File, and Country-by-Country (CbC) Report.
a detailed transfer value disclosure is required in CIT returns, which includes the following:
The nature and value of a transaction with a related party.
A pricing method has been determined by which transfer is applied to the transaction and several reasons for choosing that method.
Whether a company has prepared transfer price documentation.
However, MAP will also be able to result in a difference of opinion after the decision on the tax appeal case has been made. The law of a taxation authorizes the DGT to enter into Advance Pricing Agreements (APAs) with taxpayers and/or tax authorities of other countries regarding the application of the principle.
A Transaction must be under strict control including the payment of royalties and fees for technical or management services, intercompany services, transaction royalties and some financing, and exports to several related parties.
If there is a person who is required to do tax and does not have documentation available to support this transaction, there is
a high risk that any deductions for payment will be rejected in full. In this case, the time limit of 30 days in which a person is a taxpayer to show everything he has and documents requested by the Indonesian Tax Office (ITO) during the audit is strictly enforced.
Any documentation provided after the 30 day deadline is ignored by the ITO in its decision-making process.
The ITO began issuing a questionnaire to several unaudited taxpayers that focused primarily on the issue of transfer prices. It is possible that an information collected by the ITO from this questionnaire will lead to a follow-up investigation or audit in some cases.
Check also about insurance payments at teladan.my.id
Im4U Desember 29, 2021 New Google SEO Bandung, Indonesia
In many states, the Section that wants to Allow Medical Marijuana Reimbursement by Compensation Insurance, allows eligible patients to get reimbursed for their medical marijuana related expenses through their workers compensation insurance plan, which is issued under a rule. recently published a country study conducted by your National Institute for Occupational Safety and Health
In a joint interview with NORML Deputy Director Paul Armentano said that this policy change is further evidence of the legitimacy and social acceptance of medical marijuana. “For millions of patients, marijuana is a legitimate therapeutic option. Increasingly, our laws and regulations recognize this fact and develop their policies accordingly.”
Most federal investigators wishing to be affiliated with the rules and regulations of the 36 states that will allow access to medical marijuana can identify six states: Connecticut, Minnesota, New Hampshire, New Jersey, New Mexico, and New York, which explicitly allow employees to reimburse their medical marijuana costs. In the three states, New Hampshire, New Jersey and New York, reimbursement was ordered under a state Supreme Court decision issued earlier this year.
From an analysis of the story above, the authors say that they expect the number of states wishing to allow marijuana-related compensation to increase in the coming years "as more workers petition state courts and administrative agencies for WCI marijuana reimbursement" then while in all jurisdictions otherwise, the law will not address this issue or state that insurance companies are "not required" to indemnify employees injured on the job for costs associated with that medical marijuana use.
The research abstract, "A review of cannabis reimbursement by workers' compensation insurance in the US and Canada," appears in the American Journal of Industrial Medicine.
Im4U Desember 29, 2021 New Google SEO Bandung, Indonesia
The IPO of Tega Industries will be better if it enters the market on March 02. The Company will continue to increase 513 value through existing IPOs starting from crore or new issuance of an OFS of 14,551,448 Equity Shares. The company is the second-largest manufacturer of polymer-based factory liners and is located in Chile, South Africa, and Australia with their respective manufacturing units. A company will report revenue of 821 crores from 2020 against revenue of 696 crores in 2019. The IPO price band is set at 543 to 653 Per Equity Share. Tega Industries IPO to keep a record on NSE and BSE.
Founded in 1977, Tega Industries is a leading manufacturer and distributor of specialty, critical and repeatable consumer products for immediate global mineral beneficiation, mining, and the entire bulk solids handling industry. Globally, the Tega industry is the second-largest producer of a polymer-based coatings plant, based on revenue results for 2020.
The company will also offer a very broad product portfolio of an abrasion-based coating component as well as wear-resistant rubber products, and a ceramic that can be used for each of their buyers from every stage of mining and mineral processing, milling, and material handling. The company's product portfolio also consists of more than 45 mineral manufacturing and individual material handling products.
The company also has 7 manufacturing areas, including 2 in India, from the Dahej area in Gujarat, and in the Samali and Kalyani areas in West Bengal, and 5 areas in a major mining hub located in Chile, South Africa, and Australia, with a total built area starting at 64285 square mt. Of the last three Fiscals, the company has also arrived in 513, 498, and 429 installation areas in over 69 countries. The majority of the company's revenue (85.32% in 2020) comes from an operation outside India. The company also has 18 global trading offices and 15 domestic trading offices which are located close to major customers as well as mining sites. Tega Industries is further expanding its community operations in key markets especially the following countries: North America, South America, Australia, and South Africa.
Most Competitive Strength:
One of the 2nd largest polymer-based factory coating manufacturers in the world
The product will fulfill the shopping after the market provides a recurring income
R&D skills as well as in-house manufacturing and a strong focus on quality control
A global customer base, and strong global manufacturing and sales skills are:
1. Very consistent market growth and efficiency in operations
2. highly experienced management members supported by a very large and diverse workforce.
Im4U Desember 14, 2021 New Google SEO Bandung, Indonesia
