Indonesia will impose 10% VAT on digital products sold by non-resident Internet companies with significant presence in the country’s market, including streaming services like Netflix and Spotify, applications and digital games, beginning July 1, according to a finance ministry regulation published on the ministry’s website. — Reuters
JAKARTA: Indonesia will require big Internet companies 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.
South-East Asia’s largest economy 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, according to a regulation published on the finance ministry's website.
