The Indonesian government most recently issued a new tax law outlining the tax duty of overseas companies without a presence in the country The Indonesian government has most recently issued a new tax law outlining the tax duty of overseas companies without official presence in the country. Accordingly, the companies have to pay 10 per cent value-added tax (VAT) from July 7 when the government listed Netflix and Alphabet. The decision applies to all corporates, including Facebook, Google, and Netflix. US-based Microsoft and China-based Alibaba Cloud are the two latest names on the new list of 36 companies required to fulfil their tax duties, including GitHub, UCWeb Singapore, To The New, Coda Payments, and Nexmo Inc., following newswire Reuters. The nation’s tax authority stated that businesses named on the new list will be subject to the VAT from November 1. Pointedly, non-resident foreign firms have earned at least Rp600 million ($41,000) from services and products serving more than 12,000 users in Indonesia. The new law also allows the government to levy tax on goods and transactions through e-commerce platforms, putting Shopee and Lazada into the sight of the Indonesian government. Similar to Vietnam, Indonesia also faces a lot of troubles in collecting taxes… Read full this story
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