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Thursday, November 28, 2024

Home Business Indonesia imposes 10% VAT on Facebook, Disney, Tiktok

Indonesia imposes 10% VAT on Facebook, Disney, Tiktok

by News desk
August 8, 2020
in Business

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Jakarta

Indonesia has added more technology companies that will be obligated to apply 10% value-added tax on sales to Indonesian customers to include Facebook, Disney and TikTok, its tax office said on Friday.
Southeast Asia’s biggest country, which has a population of nearly 270 million people, announced last month a 10% VAT on sales by technology firms including Amazon, Netflix, Spotify and Google, as spending patterns shift with increased remote working amid the coronavirus pandemic, which has hit government finances.
The additional companies announced on Friday include three units of Facebook, Tiktok Pte Ltd, Apple Distribution International Ltd, The Walt Disney Company (Southeast Asia) Pte Ltd, and more of Amazon’s subsidiaries, including its audiobook unit Audible and its voice assistant Alexa.—Reuters