Indonesia Taps Online Marketplaces to Boost Tax Collection
A rule change in Indonesia will require online merchants to pay income tax to e-commerce platforms rather than directly to the government, reviving an effort to boost tax collection as fiscal concerns mount in Southeast Asia’s largest economy.Online marketplaces operating in Indonesia will be requiredBloomberg Terminal to withhold income tax from sellers with annual turnover above 500 million rupiah, the Finance Ministry’s tax office said in a statement Thursday....
Read more at bloomberg.com