Indonesia’s Digital Economy Yields $1.75 Billion in Tax Revenue by 2024
From 2022 through August 2024, Indonesia’s digital economy sector generated $1.75 billion in tax revenue, according to the Taxation Directorate General under the Ministry of Finance. This revenue was collected through Value Added Tax (VAT) from e-commerce platforms and marketplaces, taxes on cryptocurrency, peer-to-peer lending (P2P) taxes, and procurement taxes...