Indonesia issues new rules to make foreign Internet companies pay taxes

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.

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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.
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »

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