WTS Indonesia is a professional service firm focusing on the provision of Indonesian tax services. Equipped with decades of experience in dealing with complex Indonesian tax ecosystem, Tomy Harsono founded WTS Indonesia in 2019 where the firm started aiming to excel in the market from that point on
WTS Global News
10% VAT on cross-border e-commerce transactions
10% VAT on cross-border e-commerce transactions
- Levied to Indonesian customers
- On consumption of movies and music streaming services, mobile apps, online games, and other intangible goods and services
- Foreign e-commerce companies to be appointed as VAT collector
- Effective 1 July 2020
Mechanism
- VAT is liable upon consumption of taxable intangible goods and/or taxable services from outside Indonesia customs area through electronic system by Indonesia customers.
- VAT is collected upon payment by Customer, where VAT collector to issue VAT collection slip that can be in the form of: commercial invoice, billing, order receipt, or other documents.
- VAT collector to settle collected VAT by the end of the following month to the state’s treasury account. VAT collector may settle the VAT in: Rupiah, USD, or other foreign currency as determined by DGT.
- VAT collector must electronically submit report on the VAT collection, quarterly for 3 periods. DGT may request VAT collector to submit transaction-details report for every 1 calendar year.
Intangible Goods and Services
- Intangible goods, including but not limited to:
- The use of or the right to use any copyright of literary, artistic or scientific work, patent, design or model, plan, secret formula or process, trademark, or the form of intellectual/industrial property right, or other any kind of right.
- The use of or the right to use motion picture films, film or video tape for television broadcasting, or sound tape for radio broadcasting.
- Digital goods are any intangible goods in the form of electronic or digital information, including goods as the result of conversion or transformation or goods originally in the form of electronic, including but not limited to software, multimedia, and/or electronic data.
- Services include:
- any taxable services and digital services, i.e. services sent through internet or electronic network, that are automatic or having less human intervention, and impossible to ensuring without information technology, including but not limited to software-based services.
Your Contacts
- Tomy Harsono
+62 811 9196 939
tomy.harsono@consulthink.co.id
This publication is intended for general information only and should not be interpreted as substitute to any of our professional advices. All of information contained in this publication refers to the featured regulation as per the date of this publication.
info@consulthink.co.id
www.wtsindonesia.com
Consulthink LinkedIn
+62 21 506 789 68
Webinar Series: Focal Points Transfer Pricing
Webinar Series: Focal Points Transfer Pricing (in German)
05.05.2020 | 12.05.2020| 19.05.2020 | 26.05.2020
16:00 – 17:00
Unfortunately, our road show “WTS in Dialogue: Focus Transfer Pricing 2020” had to be canceled this year, but we would like to invite you to our new webinar series “TP-Tuesday“.
The webinar series “TP-Tuesday” consists of a total of four dates, every Tuesday in May from 4 to 5 p.m.. You may already reserve these dates in your calender.
In each appointment, our experts from the “Transfer Pricing” service line will present a current focus topic from the field of transfer pricing in a compact and clear way.
Our interactive concept also enables you to raise specific questions and topics and to discuss them with our experts. We look forward to a lively exchange and interesting discussions with you!
The webinars are presented in German language.
The four dates and main topics can be found below:
1st appointment: “Current transfer pricing issues in times of Corona”
Date: May 05, 2020
Time: 4 p.m. – 5 p.m.
Speakers: Prof. Dr. Axel Nientimp and Maik Heggmair
2nd appointment: “Current developments in transfer pricing regulations from a national and international perspective”
Date: May 12, 2020
Time: 4 p.m. – 5 p.m.
Speakers: Prof. Dr. Axel Nientimp and Torsten Hopp
3rd appointment: “Group financing from a transfer price perspective”
Date: May 19, 2020
Time: 4 p.m. – 5 p.m.
Speakers: Prof. Dr. Dietmar Gosch and Melanie-Appuhn Schneider
4th appointment: “DAC6 reporting requirements and TP”
Date: May 26, 2020
Time: 4 p.m. – 5 p.m.
Speaker: Till Reinfeld
Registration
Please register here
In case of any questions or comments please contact us under: news@wts.com.
We are happy to welcome you at our Webinar!
Your WTS Global Team
Our Speaker(s)
Düsseldorf
Munich
Munich
Hamburg
Düsseldorf
Düsseldorf
Banking Regulations 2019
Banking Regulations 2019
The government of Ghana continues to pursue a policy that provides appropriate mechanisms to minimise fnancial system instability and deal with emerging risks using effective supervision and regulatory measures.
Companies Act 2019
Companies Act 2019
Ghana gets a new Companies Act after fifty six (56) years since the Companies Act, 1963, Act 179 (now repealed) came into force on 1 July 1963. The Companies Act, 2019, Act 992 was given assent to by the President of the Republic of Ghana on 2 August 2019 and it comes into force on the date of the assent.
Substantive Withholding Tax Case
Substantive Withholding Tax Case
On 29 April 2019 the High Court of Ghana (Commercial Division) by Her Ladyship Mrs Angela Mensah Homiah J. handed down its judgment in respect of a tax appeal in the case of Fan Milk Limited vs Commissioner General, Ghana Revenue Authority (Suit No. CM/TAX/0004/18) Unreported
Banking Regulations 2018
Banking Regulations 2018
What are the principal governmental and regulatory policies that govern the banking sector? The government of Ghana is pursuing a policy that provides appropriate mechanisms to minimize financial system instability and deal with it.
