KONTAN.CO.ID - JAKARTA. Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales. In July Indonesia had already announced that Alphabet Inc's Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT. Governments globally are seeking to ensure that internet-based tech giants are paying their fair share of taxes. Indonesia's moves come amid a shift to more online business with increased remote working during the coronavirus and as the pandemic has hit government finances.
Indonesia adds Twitter, Zoom to tech companies that must pay 10% VAT
KONTAN.CO.ID - JAKARTA. Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales. In July Indonesia had already announced that Alphabet Inc's Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT. Governments globally are seeking to ensure that internet-based tech giants are paying their fair share of taxes. Indonesia's moves come amid a shift to more online business with increased remote working during the coronavirus and as the pandemic has hit government finances.