JAKARTA -- Indonesia has added new names to its list of technology companies that will be subject to a value added tax -- including China's TikTok and U.S. giant Facebook -- as the country continues to seek ways to boost tax revenue to shore up state finances depleted by spending to fight the coronavirus pandemic.
Technology
Indonesia adds TikTok, Disney and Facebook to list for 10% VAT
Inclusion of Chinese video-sharing app suggests popular service won't be banned
Indonesia earlier made Google, Netflix and Spotify subject to the 10% value added tax. © Reuters
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