The first bilateral advance pricing agreement (BAPA) between Belgium and Indonesia was signed in January 2018. This is the first BAPA between both countries, and is also one of the very few Competent Authority cases (including Mutual Agreement Procedures) between an EU jurisdiction and the Government of the Indonesian Republic. The BAPA concerns the arm's length remuneration for the use and exploitation of intangibles by an Indonesian operational company, and licensed by a Belgian company.
Read more in our Insights article from Transfer Pricing
