amazon netflix: The minister said it was because they have what is called a significant economic presence, although they don't have a branch here, listing Google, Amazon and Netflix as examples of companies to be affected by the upcoming rules, according to Global Times China. The VAT rate in Indonesia is currently 10 percent, imposed on most products and services. Such companies will be considered a permanent establishment liable for VAT in Indonesia regardless of whether they have a physical office in the country or not, Indrawati said in a statement issued by the Cabinet Secretariat late on Tuesday. Google had a tax dispute with Jakarta in 2016 over alleged tax evasion, including missing VAT payments on advertising revenues, which it resolved with an undisclosed settlement. Amazon is not currently active in e-commerce in Indonesia, but operates cloud services. The Indonesian government has repeatedly said it wanted to make streaming service providers such as Netflix pay their fair share of taxes.
(news.financializer.com). As
reported in the news.
Tagged under amazon netflix, cabinet secretariat topics.