Indonesia’s government has tightened its tax collection policy on high-technology enterprises in the country, starting with the US-based technology giant Google, as the companies have not paid enough to the government despite their expansion.
Google logo at the Indonesia-based Google headquarters (Photo: Kompas.com/Via The Jakarta Post)
Jakarta (VNA) ꦫ– Indonesia’s government has tightened its taxcollection policy on high-technology enterprises in the country, starting withthe US-based technology giant Google, as the companies have not paid enough tothe government despite their expansion.
Last week, the country reached a tax settlement with Google for 2016, followinga month-long block over allegations that the firm had not made enough annualpayments, said Minister of Finance Sri Mulyani Indrawati. Minister of Information and Communications Rudiantara affirmed thatAlphabet Inc, under Google Asia Pacific agreed on future tax payments, addingthat the tax deal might change regulations for online advertising business in thecountry. The ministry will work with Indonesia’s investment coordinating board onthe regulations, he added. Previously, in last September, the Southeast Asian country asked Googleto pay five years of back taxes, including the 2015 amount of more than 400million USD. However, the company showed proof that its revenue was far from the estimatesmade by the Indonesian tax authority. Last year, Google also agreedto pay 130 million pounds (166 million USD) in back taxes to the UK government. Recently, on June 27, theEuropean Union’s antitrust agency asked Google to pay a fine of 2.42 billion Euros(2.7 billion USD) for abusing its dominance as a search engine by giving an illegaladvantage to its own comparison shopping service. However, the company rejectsthe decision and is considering lodging an appeal. -VNA
Challenges facing the modern media and how to cope with them were the focus of discussion at the November 18 discussion at the 16th General Assembly of the Organisation of Asia-Pacific News Agencies.
The World Bank (WB) forecast Indonesia’s economy will grow at 5.3 percent in 2017, the Antara news agency reported, citing the bank’s economic report on Indonesia released on January 18,
Thai politicians who held office in the Abhisit Vejjajiva and Yingluck Shinawatra governments and own assets worth over 50 million THB (about 1.4 million USD) will be scrutinised for any tax evasion.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
The facility was established in response to a growing shift in the Filipino labour force from the Middle East to Japan, where workers are seeking safer working environments.
In the latest Indonesia-US trade agreement in July, the US administration agreed to reduce the reciprocal tariff, which was initially set at 32% by US President Donald Trump last April, to 19%.
Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.
The new framework is designed to ensure that incoming investments deliver tangible national benefits, such as the creation of high-quality jobs for Malaysians and the development of local company ecosystems and technologies.
Singapore led with a total of 8.8 billion USD in realised investment, followed by Hong Kong and mainland China, Malaysia, and Japan with 8 billion USD, 1.7 billion USD and 1.6 billion USD, respectively.
Thai Acting Prime Minister Phumtham Wechayachai on August 7 outlined his strategy for tackling drug problems in Thailand, aiming for a "Zero Drugs Thailand" within three months.
The US has described Malaysia's role as Chair of the Association of Southeast Asian Nations (ASEAN) as vital in helping ease tension between Thailand and Cambodia.
Google logo at the Indonesia-based Google headquarters (Photo: Kompas.com/Via The Jakarta Post) 
