INDONESIA ADDS TWITTER, ZOOM TO LIST OF FIRMS SUBJECT TO 10% VAT
Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales, Tabita Diela reported for Reuters on September 9, 2020.
In July, Indonesia had already announced that Alphabet Inc.’s Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT.
Governments globally are seeking to ensure that internet-based tech giants are paying their fair share of taxes. Indonesia’s move comes amid a shift to more online business with increased remote work during the coronavirus and as the pandemic has hit government finances.
Among companies named on Tuesday were business networking site LinkedIn Singapore, two units of Twitter, Skype Communications, Zoom Video Communications, antivirus provider McAfee Ireland, and Microsoft Ireland Operations.
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