Indonesia asks big internet companies to pay value-added tax on sales of digital products and services
Big internet companies have been asked by the Indonesian government to pay value-added tax on sales of digital products and services from July, a move that other countries may also adopt as they seek to boost revenues following the coronavirus pandemic.Indonesia will impose a 10% VAT on digital products sold by non-resident internet companies with a significant presence in the Indonesian market, including streaming services, applications and digital games, beginning July 1, as per a regulation published on the finance ministry's website.Earlier, Indonesian authorities had said services by streaming platforms like Spotify and Netflix would be among those subject to the new tax. The COVID-19 pandemic has accentuated a push by governments around the world to tax internet giants, who could se...