Indonesia's finance ministry has published new regulations requiring e-commerce platforms, including Sea Limited's Shopee, to collect and remit income tax on sales made by small- and medium-sized sellers. The new rule mandates a 0.5% income tax on sales for sellers with an annual turnover between 500 million rupiah and 4.8 billion rupiah.
This regulatory change is intended to boost government revenues and create a more equitable playing field between online marketplaces and traditional brick-and-mortar shops. The e-commerce industry, however, has expressed concerns that these new requirements could lead to increased administrative costs for platforms.
Industry sources indicated that the new policy might also deter some sellers from utilizing online marketplaces, potentially impacting the growth and seller base of platforms like Shopee in Indonesia. The Indonesian e-commerce industry association, idEA, stated that the policy would affect millions of sellers if implemented.
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