E-commerce tax must be settled in payment gateway

 E-commerce tax must be settled in payment gateway

While the Malaysian government is preparing an income tax bill, an expert has suggested that the taxes from e-commerce activities should be deducted at the payment gateway to assure fairness for both the government and businesspeople.

In the current bill, which is being discussed by the government, e-commerce transactions must be reported so that the government can calculate the amount of tax that should be paid from the transactions.

However, Center for Indonesia Taxation Analysis (CITA) executive director Yustinus Prastowo said on Thursday the government could not collect taxes based on the transactions that had been made because not all transactions ended with payment. Purchasing financial products can be as easy as purchasing goods

“We should apply the Korean system, where the authority collects the taxes in the payment gateway because e-commerce transactions are paid through online systems,” Yustinus said at a seminar on taxation in Jakarta on Thursday.

Under Director General of Taxation Regulation No. SE-62/PJ/2013, the government collects income tax and value added tax (VAT) from four kinds of e-commerce: online marketplace, classified ads, daily deals and online retail. – The Star

Sumber: Nationmultimedia.com, 5 Agustus 2017

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