JanetteA32 at 21:41, 1 January 2021

2021-01-01T21:41:37Z

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JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and the OECD cann..."

2021-01-01T15:54:26Z

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JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and the OECD cannot reach a deal on digital taxes, its finance minister said on Tuesday. Talks to rewrite rules for cross-border taxation, including digital taxes, led by the Organisation for Economic Cooperation and Development, stalled this year, with a new deadline for an agreement extended to 2021. Indonesia, Southeast Asia's biggest economy, has begun collecting a 10% value-added tax (VAT) since mid-2020 on digital products and services from internet-based firms, but officials had previously said it would charge a tax on income only after a global consensus was reached. Finance Minister Sri Mulyani Indrawati told a virtual news [https://www.youtube.com/results?search_query=conference,creativecommons conference] that, [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li] based on the VAT payments, the tax office could estimate how much in income digital firms derive from Indonesia. "Of course we hope for a global taxation agreement, it would be so much better as it gives a certainty," the minister said. "But it does not mean we cannot collect the taxes. The difference is we will not be doing something that is based on a formula advocated by the OECD," she said. The European Union is also considering going ahead with a bloc-wide tax on digital services if a global deal is not reached by mid-2021. The United States in June launched an investigation into digital services taxes being adopted or considered in several jurisdictions, including the EU and [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li] Indonesia. Indonesia's tax office said 16 digital companies had paid 297 billion rupiah ($21.06 million) in VAT as of October. Indonesia's digital economy is set to reach $44 billion in 2020 and is expected to grow to $124 billion by 2025, according to a recent study by Google, Temasek Holdings and Bain & Company. ($1 = 14,100.0000 rupiah) (Reporting by Gayatri Suroyo and [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html kynghidongduong.vn] Maikel Jefriando; Editing by Alex Richardson)

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−	<br>JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and the OECD cannot reach a deal on digital taxes, its finance minister said on Tuesday.<br> <br>Talks to rewrite rules for cross-border taxation, including digital taxes, led by the Organisation for Economic Cooperation and Development, stalled this year, with a new deadline for an agreement extended to 2021.<br> <br>Indonesia, Southeast Asia's biggest economy, has begun collecting a 10% value-added tax (VAT) since mid-2020 on digital products and services from internet-based firms, but officials had previously said it would charge a tax on income only after a global consensus was reached.<br> <br>Finance Minister Sri Mulyani Indrawati told a virtual news ~~[https://www.youtube.com/results?search_query=~~conference~~,creativecommons conference]~~ that, ~~[https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li]~~ based on the VAT payments, the tax office could estimate how much in income digital firms derive from Indonesia.<br> <br>"Of course we hope for a global taxation agreement, it would be so much better as it gives a certainty," the minister said.<br> <br>"But it does not mean we cannot collect the taxes. The difference is we will not be doing something that is based on a formula advocated by the OECD," she said.<br> <br>The European Union is also considering going ahead with a bloc-wide tax on digital services if a global deal is not reached by mid-2021.<br> <br>The United States in June launched an investigation into digital services taxes being adopted or considered in several jurisdictions, including the EU and [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li] Indonesia.<br> <br>Indonesia's tax office said 16 digital companies had paid 297 billion rupiah ($21.06 million) in VAT as of October.<br> <br>Indonesia's digital economy is set to reach $44 billion in 2020 and is expected to grow to $124 billion by 2025, according to a recent study by Google, Temasek Holdings and Bain & Company.<br><br>($1 = 14,100.0000 rupiah) (Reporting by Gayatri Suroyo and ~~[https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html kynghidongduong.vn]~~ Maikel Jefriando; Editing by Alex Richardson)<br>	+	<br>JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html kynghidongduong.vn] the OECD cannot reach a deal on digital taxes, [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li] its finance minister said on Tuesday.<br> <br>Talks to rewrite rules for cross-border taxation, including digital taxes, led by the Organisation for Economic Cooperation and Development, stalled this year, with a new deadline for an agreement extended to 2021.<br> <br>Indonesia, Southeast Asia's biggest economy, has begun collecting a 10% value-added tax (VAT) since mid-2020 on digital products and services from internet-based firms, but officials had previously said it would charge a tax on income only after a global consensus was reached.<br> <br>Finance Minister Sri Mulyani Indrawati told a virtual news conference that, based on the VAT payments, the tax office could estimate how much in [http://www.alexa.com/search?q=income%20digital&r=topsites_index&p=bigtop income digital] firms derive from Indonesia.<br> <br>"Of course we hope for a global taxation agreement, it would be so much better as it gives a certainty," the minister said.<br> <br>"But it does not mean we cannot collect the taxes. The difference is we will not be doing something that is based on a formula advocated by the OECD," she said.<br> <br>The [https://www.b2bmarketing.net/search/gss/European%20Union European Union] is also considering going ahead with a bloc-wide tax on digital services if a global deal is not reached by mid-2021.<br> <br>The United States in June launched an investigation into digital services taxes being adopted or considered in several jurisdictions, including the EU and [https://www.kynghidongduong.vn/blog/du-lich-bali-tuyet-voi-nhu-the-nao.html du lịch ba li] Indonesia.<br> <br>Indonesia's tax office said 16 digital companies had paid 297 billion rupiah ($21.06 million) in VAT as of October.<br> <br>Indonesia's digital economy is set to reach $44 billion in 2020 and is expected to grow to $124 billion by 2025, according to a recent study by Google, Temasek Holdings and Bain & Company.<br><br>($1 = 14,100.0000 rupiah) (Reporting by Gayatri Suroyo and Maikel Jefriando; Editing by Alex Richardson)<br>

Indonesia Considers Digital Tax Even Without World Consensus - Revision history

JanetteA32 at 21:41, 1 January 2021

ShaynaBrydon0: Created page with "JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and the OECD cann..."

ShaynaBrydon0: Created page with "
JAKARTA, Dec 1 (Reuters) - Indonesia may still pursue a plan to tax technology companies on the income they generate from the country even if G20 nations and the OECD cann..."