close
Share with your friends

Providers of Offshore E-Commerce Transactions Now Subject to 10% VAT

Providers of Offshore E-Commerce Transactions Now Subje

1000

Related content

pen-coins-calculator

Our May 2020 publication highlights the Regulation of the Ministry of Finance no. 48/PMK.03/2020 (“PMK-48”) regarding VAT on offshore e-Commerce transactions. PMK-48 stipulates that the utilization of offshore intangible taxable assets and/or services within Indonesia via e-Commerce is subject to 10% VAT. The publication lists the aforesaid intangible assets and services, and the mechanism for VAT collection, payment and reporting. 

© 2020 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal