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Six tech firms ready to collect VAT, Finance Ministry says

first_imgSix over-the-top (OTT) technology firms are ready to collect value-added tax (VAT) from consumers as the government ramps up collection efforts to fund the country’s fight against COVID-19, a government official said Thursday.Tax office chief Suryo Utomo said six OTT companies with “significant economic presence” would collect VAT from consumers in August, adding that the government was also in talks with several other firms to collect VAT.Suryo, however, declined to name the companies. Finance Minister Sri Mulyani Indrawati has repeatedly mentioned the government is targeting Netflix, Spotify and Zoom. “We will announce the firms that will collect VAT on digital goods and services in early July,” Suryo told reporters during a streamed news conference. Consumers who buy the platforms’ products or services will have to pay taxes starting Aug. 1, a month after the policy comes into effect on July 1, he added.Suryo said the six internet firms were preparing infrastructure to implement the government regulation, adding that the government would need to reach an agreement first before announcing the companies.The government is pressing ahead with collecting digital tax despite an announcement by the United States Trade Representatives (USTR) to investigate such policy, which the US said was aimed squarely at its technology giants.Read also: Indonesia defends digital tax policy despite US scrutiny However, the government has maintained that the VAT was not the subject of investigation by the US, which is focusing more on corporate income tax plans for technology companies, a topic of discussion led by the Organization for Economic Cooperation and Development (OECD).“We are trying to impose the VAT first as we’re still waiting for the OECD’s consensus on how to impose corporate tax to find a long-term solution,” said Suryo.The government has been struggling to collect more revenue to fund its cash-strapped budget as the COVID-19 pandemic hits almost all business sectors. Ministry data shows state revenue reached Rp 664.3 trillion (US$47.41 billion) as of May, down 9 percent year-on-year (yoy), as tax income dropped 10.8 percent yoy to Rp 444.6 trillion.Law No. 2/2020 stipulates that the government is able to charge VAT on taxable intangible goods and/or services sold through e-commerce platforms. It can also charge income tax or electronic transaction tax on e-commerce operated by foreign individuals or digital companies that have a significant economic presence.Netflix did not immediately respond to an inquiry by The Jakarta Post.Topics :last_img read more

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Yannick Bolasie hails Crystal Palace boss Alan Pardew for improved goal tally

first_img “I don’t have a total (in mind) but I think the improvements you see – four goals last season and four goals already this season,” Bolasie said. “You don’t just build a player overnight, everything has to come gradually. “I don’t think people really expect it. I wasn’t really in the box last season but this season I am in the box a lot more, I am picking up little scraps and so far I have got goals off scraps. “I think it’s all down to the gaffer and what he does in training and you can see it in the boys.” After the disappointing loss to Sunderland on Monday, Palace were keen to move on and give something back to the supporters. “It was a great result for the team,” Bolasie said. “It was good to bounce back from Monday’s result. “Today is obviously encouraging for us and we will move on straight away to focus on Everton next week. “In football, I think it is how you bounce back and you could say the attackers on Monday were a bit disappointed. The south London side thrashed Newcastle on Saturday, with the 5-1 win seeing the Eagles rise to seventh in the Barclays Premier League table. Bolasie netted twice in the comprehensive win, taking him to four overall – the same tally he managed over the whole of the 2014/15 campaign. Press Association “Today more than made up for Monday, but the game is gone today and we have to look forward to Everton. “It’s done a lot for confidence and we play Everton next week, who are another team who we normally have good games against, but every season is different so that will be another tough game for sure.” Bakary Sako is out of the clash with a hamstring injury and Wilfried Zaha is suspended, but Bolasie is not concerned about the strength in depth. “It’s tough right now but hopefully someone like Chungy (Lee Chung-yong) can come in and step up to the plate and that’s the reason why we have such a good squad. “You think of the players who have been left out, like Frazer Campbell, Jordan Mutch, so there are still players who can come in and do a good job.” Yannick Bolasie is delighted to have already equalled his last season’s goal tally and believes Crystal Palace manager Alan Pardew deserves all the credit.last_img read more

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Panthers’ Rhule dealing with eye issue as season approaches

first_img Associated Press Television News Last Updated: 4th September, 2020 09:51 IST Panthers’ Rhule Dealing With Eye Issue As Season Approaches Panthers first-year head coach Matt Rhule said there is a reason why he’s been looking like “Darth Vader” recently at practice LIVE TV First Published: 4th September, 2020 09:51 IST WATCH US LIVE COMMENTcenter_img FOLLOW US Written By Panthers first-year head coach Matt Rhule said there is a reason why he’s been looking like “Darth Vader” recently at practice.Rhule revealed Thursday that he’s been dealing with a painful cornea issue for weeks, which has left his eye sensitive to light. That has prompted him to wear a black bucket hat and dark sunglasses to go along with his black mask due to the coronavirus pandemic.“I’ll be fine,” Rhule said. “But it’s just really, really painful and really hard to see. It’s light sensitive at times. I was raised under coach (Tom) Coughlin with no sunglasses. You can’t even find a hat on my head in the last 20 years of coaching. Now, I look like a Storm Trooper or Darth Vader, or whatever.”Rhule has had plenty of issues to deal with this year, including making the transition from Baylor to the NFL and trying to get a young, rebuilding team ready for the season in the midst of a coronavirus pandemic. The Panthers are the only team in the league with a new coach, two new coordinators and a new quarterback.Rhule said he can still see, and expects the cornea will be almost completely healed in time for Carolina’s Sept. 13 regular-season opener against the Raiders.“We all have to deal with things, so it is has been good for me just to remind myself to practice what I preach,” Rhule said.Image credits: AP SUBSCRIBE TO USlast_img read more

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Ask the Mayor — August 21, 2019 — Mason City mayor Bill Schickel

first_imgMason City’s mayor Bill Schickel was our guest on “Ask the Mayor” on KGLO. Listen back to the program via the audio player below.last_img

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