Ponti Partogi, Ria Muhariastuti and Marvin Octavdio, of HHP Law Firm, explain Indonesia’s draft tax law that will see changes to income tax, value-added tax and general tax provisions, and is expected to come into force in 2020.
- The types of input value-added tax (VAT) that can be credited by a VAT-registered entrepreneur will be added.
- The regulation will stipulate the existing tax incentives, and will be in line with the existing regulations.
- Foreign digital companies will be obliged to register to collect, pay and report VAT to the Indonesian tax authority to avoid tax evasion.
Source: bloombergtax.com
