From mergers and acquisitions to funding and contests, here is the next edition of the Indonesia weekly review – your weekly dose of the latest happenings from the Indonesian startup ecosystem.
Government Of Indonesia To Levy Ecommerce Tax Soon
According to Yustinus Prastowo, Executive Director of the Center for Indonesia Taxation Analysis, a lot remains to be done to facilitate the sector’s growth.
Prastowo has advised the government to work on creating a balance between its efforts to fill the state treasury through increased taxation and its support for the country’s emerging ecommerce sector.
This comes at a time when the Directorate General of Taxation is in the process of formulating a plan to impose value-added tax on every ecommerce transaction. The move is aimed at boosting revenue collection in the coming three months.
Grab Dominates Indonesia With Its Latest Expansion To 75 Cities
Grab Indonesia is expanding its services to 75 cities across the country, claiming to be the first on-demand transportation to serve eastern and western province of Indonesia.