Tomy Harsono

In the past decade, crypto assets have grown rapidly in Indonesia, transforming from a niche product into one of the country’s most popular investments. Bitcoin, Ethereum, and other tokens are now viewed by many—especially younger generations—as an attractive alternative to stocks, bonds, or property. This growth has made Indonesia one of Southeast Asia’s most dynamic crypto markets.

Indonesia's new transfer pricing guidelines are enshrined in the Minister of Finance Regulation 172/2023 ("MoFR-172").

The Indonesian government introduced an additional three Transfer Pricing methods that provide further guidance on certain related party transactions. Our colleagues summarize the key aspects of this legislative development.