Indonesia adds Twitter, Zoom to tech companies that must pay 10% VAT

The Indonesian tax office also put game developer Mojang AB, streaming platforms Novi Digital Entertainment and PCCW Vuclip on the list, as well as digital marketplaces Jingdong Indonesia Pertama and Shopee International Indonesia.The companies were not immediately available to comment.

Under rules introduced earlier this year, non-resident foreign firms that generate annual sales of at least 600 million rupiah for digital products and services in Indonesia from at least 12,000 users are required to pay the VAT. Indonesia, the world’s fourth most populous country with a population of nearly 270 million, is experiencing a boom in its digital economy which is expected to reach $130 billion by 2025, a study by Google, Temasek Holdings and Bain & Company predicts.

Taxation of foreign business companies is quite a big headache. Like if the company does not operate an office there how are you going to force them to pay? Go to international court or ban them?

Indonesia is headed for bankruptcy --maybe deliberately made bankrupt in order to be controlled by a foreign country

ok

What the king kult's 30% not good enuf ?

good

How VAT will be calculated. On count of how many log ons per month or some such thing. As turn over for one particular country will be impossible to assess.

Very clever

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Boeing says 787 Dreamliner inspections are slowing deliveries, adding to company's problemsBoeing says inspections of 787 Dreamliners are slowing deliveries of aircraft while the manufacturer also grapples with a shrinking order book amid the coronavirus pandemic. Those DANG inspections. The nerve... Aren't inspections supposed to prevent the company's problems? Like prevent crashes? Whine, whine, whine.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

From Target to Twitter, U.S. companies urge workers to voteFrom Georgia to Wisconsin to Ohio earlier this year, voters in primary elections were stuck for hours in lines from sharply reduced polling locations. And the surge in absentee ballots due to concerns over the coronavirus pandemic overwhelmed election officials. A sleeping giant will come to the polls when they open November and I’ll be one of them Virus or no virus Yes get out the vote for brick2020 Es cierto.el voto es un derecho universal.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »