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Tax treaties deal with taxation of foreign source income for services rendered in Indonesia which are generally taxed if performed for 120+ days (depending upon treaty) even though one may not be a tax resident. Indonesia has a stratification of taxation including Income Tax, Local Tax (Pajak Daerah) and Central Government Tax.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Tax treaties tend not to exist, or to be of limited application, when either party regards the other as a tax haven. There are a number of model tax treaties published by various national and international bodies, such as the United Nations and the OECD. [208] Treaties tend to provide reduced rates of taxation on dividends, interest, and royalties.
Indonesia has a Consulate-General in Hong Kong located at Causeway Bay, Hong Kong Island. Hong Kong has full autonomy in the conduct of its external relations in a broad range of appropriate fields, including commercial, social, and cultural aspects. [1] The Hong Kong Economic & Trade Office in Jakarta represents Hong Kong in Indonesia. [2]
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes , inheritance taxes , value added taxes , or other taxes. [ 1 ]
Hong Kong, Mainland and Hong Kong Closer Economic Partnership Arrangement (2003) Macau, Mainland and Macau Closer Economic Partnership Arrangement (2003) Chile, China-Chile Free Trade Agreement (2006) Pakistan, China-Pakistan Free Trade Agreement (2006) [14] New Zealand, China-New Zealand Free Trade Agreement (2008) [15]
Under the Germany/Indonesia tax treaty of 1977 (a typical provision), Germany allowed a credit with respect to dividends, interest and royalties for Indonesian taxes that would have been paid but for the provisions of Indonesian law designed to promote economic development in Indonesia.
The Convention on Mutual Administrative Assistance in Tax Matters is a convention to facilitate the entering into bilateral tax information exchange agreements between state parties. The Convention was developed by the OECD and the Council of Europe and was open for signature to members of both organizations on 25 January 1988, and entered into ...