Indonesia issues new rules to make foreign Internet companies pay taxes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

JAKARTA: Indonesia has said that overseas companies that have a significant presence in its booming Internet economy must appoint a representative ...

JAKARTA: Indonesia has said that overseas companies that have a significant presence in its booming Internet economy must appoint a representative in the country and pay all applicable taxes, according to a new regulation made public on Wednesday .

This applies to all companies that meet certain criteria, including generating significant traffic from Indonesia or reaching a certain number of transactions in value or in volume, according to the regulation. No details were given. "This was designed to create a fair, if we can't have a level, playing field," said Susiwijono Mugiharso, secretary of the economic affairs ministry."All this time we have only been a market. But now, if they are actively capitalising on our market, they must also be present here," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia issues new rules to make foreign Internet companies pay taxesJAKARTA (REUTERS) - Indonesia has said that overseas companies that have a significant presence in its booming Internet economy must appoint a representative in the country and pay all applicable taxes, according to a new regulation made public on Wednesday (Dec 4).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

37,000 healthcare workers in NHG, SingHealth to receive support from 2 new company training committeesSINGAPORE -More than 37,000 healthcare workers who are at risk of losing their jobs received a boost on Tuesday (Dec 3), as two new training committees were set up to help them reskill amid changes in the industry.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »