Indonesia – Tax Aspects For The Financial Technology.

The Indonesian Government just issued PMK No. 69/PMK.03/2022 on Income Tax and Vallued Added Tax (VAT) on the Financial Technology Operator (Pajak Penghasilan dan Pajak Pertambahan Nilai atas Penyelenggaraan Teknologi Finansial) (“PMK 69”). The Indonesian Government through PMLK69 targets the imposition of taxation on the financial technology providers, including income tax for the earning of transaction of the Peer-to-Peer lending (P2P) through the interest of the loan and the VAT for every service being provided by payment services provider. The PMK 69 will be effective on 1 May 2022.  read more