PREMIUMIndonesia supports G20’s digital tax initiative approved during Riyadh meeting

first_imgGoogle LOG INDon’t have an account? Register here Log in with your social account Linkedin Indonesia G20-meeting Riyadh SriMulyaniIndrawati digital-tax technology infrastructure-development finance-minister Forgot Password ? Indonesia is supporting the initiative made by the Group of 20 (G20) major economies in Saudi Arabia recently to establish a new tax system to enable member countries to collect tax from global digital companies.During the meeting of the finance ministers and central banks of the G20 member countries in the Saudi capital of Riyadh on Feb. 22-23, Indonesia’s Finance Minister Sri Mulyani supported the G20 countries’ approach but urged the forum to stress transparency and fairness, John Hutagaol, an international taxation director at the Finance Ministry said in Jakarta on Monday.John said the G20 agreed to set up a tax system to collect tax from digital companies and prevent tax avoidance, but needed to further discuss the system’s technicalities.The so-called “unified approach” model approved in the meeting aims to collect tax from companies that … Topics : Facebooklast_img

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