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Jakarta Post

Indonesia supports G20’s digital tax initiative approved during Riyadh meeting

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, March 5, 2020   /  03:52 pm
The Jakarta Post Image
Finance Minister Sri Mulyani Indrawati gives a speech at the Mandiri Investment Forum 2020 in Jakarta, on Wednesday. (JP/Dhoni Setiawan )

Indonesia is supporting the initiative made by the Group of 20 (G20) major economies in Saudi Arabia recently to establish a new tax system to enable member countries to collect tax from global digital companies. During the meeting of the finance ministers and central banks of the G20 member countries in the Saudi capital of Riyadh on Feb. 22-23, Indonesia’s Finance Minister Sri Mulyani supported the G20 countries’ approach but urged the forum to stress transparency and fairness, John Hutagaol, an international taxation director at the Finance Ministry said in Jakarta on Monday. John said the G20 agreed to set up a tax system to collect tax from digital companies and prevent tax avoidance, but needed to further discuss the system’s technicalities. The so-called “unified approach” model approved in the meeting aims to collect tax from companies that ...