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Indonesia to impose VAT on internet giants from July

May 15, 2020 - Reuters Canada

JAKARTA (Reuters) - Indonesia will require big internet companies to pay value-added tax on sales of digital products and services from July, a move that other countries may also adopt as they seek to boost revenues following the coronavirus pandemic.

FILE PHOTO: A smartphone with the Netflix logo lies in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

Southeast Asia’s largest economy will impose a 10% VAT on digital prod...