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Facebook Inc Receives Approval For Domestic Unit in Indonesia

Facebook currently operates in Indonesia through an office in central Jakarta.

Reuters

Updated:June 21, 2017, 5:06 PM IST
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Facebook Inc Receives Approval For Domestic Unit in Indonesia
More Indians Going Online For Banking: Survey (photo for representation, image: News18)
Social networking giant Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country's investment chief said on Wednesday.

Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc's Google set up small business entities to provide "auxiliary" services and get away with minimal taxation while booking most of their revenue from the country elsewhere.

Facebook currently operates in Indonesia through an office in central Jakarta.

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"I see good intention and spirit from Facebook," said Thomas Lembong, chairman of Indonesia's investment coordinating board. "What we care about are taxes and responsible content."

The investment board and the communications ministry are currently looking at the type of business unit that Facebook will establish, Lembong said.

There are several ways to be locally incorporated in the country, including setting up a limited liability company, locally known as a PT (Perseroan Terbatas).

Facebook did not immediately respond to a request for comment.

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(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Sarthak Dogra
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