E-invoicing in Indonesia to be mandatory as from July 1, 2016

Thursday 20 August 2015 10:22 CET | News

As from July 1, 2015, taxable companies registered in Java and Bali, Indonesia are required to use electronic invoices.

And as from July 1, 2015 all Indonesian companies are required to use electronic invoices. The Indonesian Minister of Finance Bambang P.S. Brodjonegoro expects a succesful electronic invoice implementation to raise the VAT revenue.

Indonesia currently has a weak tax revenue system, mainly due to fictitious invoices that cause a large tax restitution volume, with a negative impact to the total Indonesian VAT revenue.

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Keywords: e-invoicing, Indonesia, mandatory, Java, Bali, electronic invoices, implementation, VAT revenue, tax
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech