Google asia headquarters agreed to pay future tax payments with Indonesia Govt

Vastavam web: Google Asia Pacific agreed to pay future tax payments with the Indonesian government said by communications minister. Finance Minister Sri Mulyani Indrawati had said on Tuesday that Indonesia had reached a tax deal with Google for 2016, following a months-long dispute over allegations that the search giant had not made enough annual payments.”On the solution for future taxes, they have agreed with the government,” said Rudiantara, Indonesian Minister of Communications and Information, who has oversight on internet-based companies operating in the country.

Rudiantara declined to comment on whether Google has reached an agreement with Indonesia on its taxes for previous years.Google’s Asia Pacific headquarters is in Singapore, while its Indonesian entity, PT Google Indonesia, was incorporated in 2011.A senior tax official had said in September that Indonesia 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.Last year, Google agreed to pay 130 million pounds in back taxes to settle a probe by Britain’s tax authority.