New VAT on tech companies a big boost for Indonesian government

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Inodnesia's move to levy a 10 per cent value-added tax (VAT) on tech companies operating within its jurisdiction is expected to boost the government's revenue collection in 2021 as its digital economy continues to grow at a rapid pace.
OCTOBER 05, 2020 - 5:50 AM

Jakarta

INDONESIA'S move to levy a 10 per cent value-added tax (VAT) on tech companies operating within its jurisdiction is expected to boost the government's revenue collection in 2021 as its digital economy continues to grow at a rapid pace.

According to tax experts and analysts...