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Indonesia has reached tax deal with Google for 2016, says FinMin

Following a month-long dispute over allegations as Google hadn't made annual payments to the govt

Reuters  |  Jakarta 

Indonesia has reached a tax settlement with Alphabet Inc's Google for 2016, the country's finance minister said, following a months-long dispute over allegations that the search giant had not made enough annual payments to the government. A senior tax official had said in September that Indonesia, Southeast Asia's biggest economy, planned to pursue Google for five years of back taxes and the company could face a bill of more than $400 million for 2015 alone if it were found to have avoided payments. "We already have an agreement with them based on 2016. But we ...

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First Published: Tue, June 13 2017. 15:15 IST