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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

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The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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Aussie Tax Reg: Cash-Only SMBs Dodging Taxes

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The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au The nation’s Australian Taxation Office (ATO) warned Monday (Aug. For the 2015-16 tax year, the ATO said the small business tax gap stood at 12.5

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Big Tech Compliance Tracker: EU Watchdogs Make ‘Big Tech Hit List’; France To Go Ahead With Digital Services Tax Plan

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Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. It is probable that size and market share will be determining factors in who lands on the “Big Tech hit list.”. Regulation.

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New Digital Taxes Loom On Tech Firms In Europe

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Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

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France To Move Ahead With Tech Tax In January

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France, which had vowed to start taxing Google , Apple , Facebook , and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. If the European states do not take their responsibilities on taxing the GAFA, we will do it at a national level in 2019.”.

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Bitcoin Daily: Bill Proposes National Oversight For Crypto Exchanges; Russia Seeks Criminal Penalty For Not Reporting Crypto

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24), could put digital currency exchanges under one national structure, CoinDesk reported. According to a summary of the bill, as cited by CoinDesk, “the proposed legislation builds on the existing commodity market practices required of Futures Commission Merchants (FCMs) to protect customer assets.”. representative Thursday (Sept.

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Brexit And Beyond: Crossing The International eCommerce Tax Rubicon

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In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

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