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 .

The new regulation, effective immediately after it was passed on Nov 25, calls for foreign-based companies that actively trade in goods or services electronically in Indonesia to be considered as equal to having a physical presence in the country and thus, must follow all tax rules accordingly, a copy of the regulation obtained by Reuters showed.

Such companies will be required to appoint a representative within Indonesia's jurisdiction who can act on its behalf, it said. "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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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 »