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Wireless

Indonesia to introduce 10% VAT on internet companies starting July

Wednesday 20 May 2020 | 11:14 CET | News
Indonesia will impose value-added taxes on sales of digital products and services for internet companies. The measure will be implemented as early as 1 July, Reuters reports, citing regulation published by Indonesia's Finance Ministry. The Asian country has set a 10 percent VAT on digital products sold by non-resident internet companies with a significant presence in the Indonesian market. Services that will be taxed include streaming, applications and digital games.

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Categories: Mobile & Wireless
Companies: Amazon / Apple / Netflix / Spotify
Countries: Indonesia
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