Now, Top Up Games Like Free Fire Will Be Subjected To Tax Of 10%!
Starting July 1, 2020, gamers who purchase online game items from abroad will be subject to a 10 percent Value Added Tax (VAT). Not only item purchases, VAT will also be imposed on digital products that come from abroad.
For the system, the collection, deposit, and reporting of VAT will be carried out by PMSE, which is a foreign service provider and will be appointed by the Minister of Finance through the Director General of Taxes.
Free Fire, Mobile Legends, and PUBG Mobile Will Be Affected
Launching CNBC Indonesia, games such as Free Fire, Mobile Legends, and PUBG Mobile will also be affected. Of course, VAT will most likely affect the value of the game currency.
It is possible, there will be an increase in the price of each item or Diamond in this game. Even so, there has been no response from each developer regarding this government policy.
This VAT is Applied to Create Equality of Domestic Business Actors
The imposition of VAT on the use of digital products from abroad is part of the government’s efforts to create a level playing field for all business actors, especially between domestic and foreign players, as well as between conventional businesses and digital businesses.
Hestu Yoga Saksama via CNBC Indonesia
In addition to creating equality between business actors, the application of VAT for digital products from abroad is also expected to increase state revenue, which is currently very important as a source of funding to overcome the economic impact of the Covid-19 outbreak.
Furthermore, Hestu said that this provision applies to digital products such as music streaming services, movies, games and applications, as well as online services from abroad.
PMSE business actors who meet the criteria for transaction value or a certain amount of traffic within 12 months are appointed by the Minister of Finance through the Director General of Taxes as VAT collectors. Business actors who have met the criteria but have not been appointed as VAT collectors can submit an online notification to the Director General of Taxes.
Source: CNBC Indonesia
發佈留言 for "Now, Top Up Games Like Free Fire Will Be Subjected To Tax Of 10%!"