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New islands appear after Anak Krakatau volcano erupts
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Popular Reads

New islands appear after Anak Krakatau volcano erupts
Prabowo resurrects advisory board
A ministry restored
Reshuffle shores up coalition support for 2029
Whisky, big-screen TV seized from prison 'villas' in West Java

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digital-tax

Caveats for value-added tax on digital products
Opinion 6 years ago

PREMIUM
Caveats for value-added tax on digital products

Despite a very positive impact on the economy in Indonesia, the new regulation on VAT for digital products will not be effective without comprehensive efforts to improve information technology in the Directorate General of Taxes (DGT) and cooperation with other countries.
US says will investigate nations with digital services tax
Business 6 years ago

US says will investigate nations with digital services tax

The US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.
The rise of digital taxes during a pandemic
Opinion 6 years ago

The rise of digital taxes during a pandemic

 This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
Indonesia must tread carefully in considering new digital tax
Opinion 6 years ago

Indonesia must tread carefully in considering new digital tax

Together with improvements on ease of doing business and cutting bureaucratic red tape, a harmonized tax regime will amply serve President Jokowi in achieving his vision to boost job creation and attract new foreign investment.
Cash-strapped governments see revenue in $26t online industry
Business 6 years ago

Cash-strapped governments see revenue in $26t online industry

A report last week from the United Nations Conference on Trade and Development said worldwide e-commerce sales totaled almost $26 trillion in 2018.
Indonesia should turn to VAT, digital tax to offset shortfall in state revenue: Analysts
Business 6 years ago

Indonesia should turn to VAT, digital tax to offset shortfall in state revenue: Analysts

Indonesia should turn to value-added tax (VAT) and large tech companies to address the widening shortfall in state revenue, analysts have said.
Concerns over unfair practices, law enforcement cloud digital tax implementation
Business 6 years ago

Concerns over unfair practices, law enforcement cloud digital tax implementation

A government regulation in lieu of law (Perppu) issued last week serves as the legal basis for the government to tax foreign digital companies with a “significant economic presence”.
Indonesia accelerates tax reforms, cuts corporate income tax in COVID-19 playbook
Business 6 years ago

Indonesia accelerates tax reforms, cuts corporate income tax in COVID-19 playbook

Finance Minister Sri Mulyani Indrawati said the government expected a 10 percent drop in tax revenue this year as a result of incentives for businesses to help them cope with COVID-19 and reduced non-tax revenue on account of falling commodity prices.
Indonesia taxes tech companies through new regulation
Business 6 years ago

Indonesia taxes tech companies through new regulation

The Perppu states that the companies are to be charged value added tax (VAT) on taxable intangible goods and/or services sold through electronic platforms.
Indonesia supports G20’s digital tax initiative approved during Riyadh meeting
Business 6 years ago

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

G20 member countries have approved a tax system to collect tax from digital companies and prevent tax avoidance, but they need to further discuss the system’s technicalities

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