Indonesia - vatcalc.com

Indonesia imposes 11% on digital wallets and crypto assets May 2022

13/04/2022 in

Indonesia

Money transfer services via payment wallets do not enjoy Financial Services exemption. Also imposing VAT on crypto asset trading transactions Indonesia’s Finance Ministry has confirmed the financial tech companies offering digital wallet services will be subject to charging standard rated VAT. This will apply from

Indonesia VAT rises to 11% 1st April 2022; 12% by 2025

01/04/2022 in

COVID-19

10% to 11% VAT increase completed; further 1% rise to 12% in 2025 Indonesia has completed the first part of a two-stage VAT rise. From 1 April, VAT has increased from 10% to 11%. It will rise again to 12% in 2025. Register for our

Indonesia adds to VAT collector list as digital VAT receipts rocket

13/01/2022 in

e-services

Appointed non-resident digital service providers help quadruple VAT receipts to over $270m Indonesia has added a further seven VAT collectors at the end of 2021 to the list of non-resident providers of digital services who must charge and remit tax on provision of electronic services

Indonesia VAT reforms

31/12/2021 in

More services to be brought into Value Added Tax regime Indonesia is looking to reform its Value Added Tax regime following the widening of its deficit to GDP to over 6%. It has already announced a possible rise in Indonesia VAT. The possible reforms would seek

Indonesia VAT to rise to 15%?

26/12/2021 in

Indonesia has put forward a proposal to raise its standard VAT rate from the current 10% to up to 15%. This is aimed at stablishing government deficits which have widened during the coronavirus crisis. The government deficit is now exceeding 6% of GDP. The exact

Indonesia adds to digital service provider VAT list

30/11/2021 in

e-services

The Indonesian Directorate General of Taxes has added a further two foreign entities to the VAT on digital services Trading Through the Electronic System scheme. This takes the total to 83 non-resident providers of digital or e-services to Indonesian consumers. So far, the DG has

Indonesia e-Factur Pajak electronic invoicing

12/11/2021 in

e-Factur

Indonesia introduced its e-invoicing regime, e-Factur, in July 2015, completing in 2016, for all VAT registered businesses. This includes a government clearance system and QR Code (Quick Response Code) requirement. Indonesia’s system is a process to generate a registered and approved PDF-invoice for issuance to

Indonesia 70+ foreign digital service providers registered for VAT

22/10/2021 in

digital services

Additional non-residents required to register for VAT on electronic services The Indonesian Directorate General of Tax has co-opted a further ten new non-resident providers of digital services to tax on the role of VAT collector. In a communique, it confirmed the following for the latest

Indonesia VAT rise from 10% to 11% April 2022; 12% by 2025

12/10/2021 in

COVID-19

The Indonesian government has agreed with Parliament – voted on 7 October 2021 – a draft budget including a Value Added Tax standard rate increase from 10% to 11% from 1 April 2022. It will then rise to 12% by 2025. The House of Representatives

Category: Indonesia