Indonesian Finance Minister Sri Mulyani: Amazon plans to enter the country | Digital Asia | Latest Technology News- Prosyscom

Indonesian Finance Minister Sri Mulyani: Amazon plans to enter the country | Digital Asia | Latest Technology News

E-commerce giant is said to be considering business expansion to Indonesia and is now exploring the possibility with the ’s Ministry.

Web Hosting

The expansion will be Amazon’s second one in Southeast Asia after Singapore. The company was built by the current richest man in the world, Jeff Bezos.

Before officially operating in Indonesia, the government through the country’s Finance Ministry would ensure the company takes care of the tax policy accordingly.

“I’m now in discussion with Amazon, who is planning to Indonesia. I will make sure they comply with our country’s regulation, especially their readiness to pay the taxes,” said Finance Indrawati as reported by KataData.

Also Read: 5 ways the on-demand economy has disrupted the way we study and learn

Tax matter is now the ultimate focus of the Finance Ministry. Through the country’s Directorate General of Taxation (Direktorat Jenderal Pajak), the ministry has been pursuing for tax fulfillment of global tech companies operating in the country, such as Google and Facebook.

Aiming for Indonesia since 2016

Amazon has been operating in Singapore offering the e-commerce’s regular delivery services of Amazon, Amazon Prime, and Amazon Prime Now. Rumours were circling around that Amazon has been eyeing Indonesia since 2016.

It was reported back then that Amazon prepared an initial capital of US$ 2 billion to expand to Southeast Asia, with US$600 million will go to Indonesia market for its first year of operation.

So far, Amazon made available its video streaming service Amazon Prime for Indonesia. Other service available for the country is international shopping with 25 world currency including Rupiah (IDR) to enable customers in doing transaction with debit and credit card using local currency.

Also Read: The future is here with self-driving vehicles, but are we prepared?

Indonesia has opened its door first to China’s e-commerce behemoth Alibaba Group through their Lazada acquisition and investments in Tokopedia. Another Chinese player is Tencent Group, who entered the country by backing up and Shopee.

The article Menkeu Sri Mulyani: Amazon Berencana Masuk Indonesia was written in Bahasa Indonesia by Yenny Yusra for DailySocial. English translation and editing by Tech News.

Image Credit: Christian Wiediger on Unsplash

The post Indonesian Finance Minister Sri Mulyani: Amazon to enter the country appeared first on Tech News.

Your email address will not be published.