VATupdate

Share this post on

Insurance companies must account for VAT on commission received by agents, brokers

On 1 April 2022, Indonesia’s Minister of Finance (MoF) issued Regulation Number 67/PMK.03/2022 (PMK-67) stipulating that insurance companies must act as the VAT collector on insurance commission received by agents and brokers as from that date.

Source Deloitte

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com