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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

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Indonesia adds Microsoft, others to list of tech firms that must pay VAT

10/08/2020 | 11:17pm EST
Microsoft holds device-launching event in Barcelona ahead of the 2019 Mobile World Congress

JAKARTA (Reuters) - Indonesia has added eight more technology companies, including Alibaba Cloud (Singapore) Pte Ltd and Microsoft Corp, to a list of businesses that must pay a 10% value-added tax (VAT) on sales.

The country's tax authority has named 36 companies including the latest additions as liable to pay VAT since July 7 when it listed Netflix Inc and Alphabet Inc's Google Asia Pacific among other tech firms.

The other six named on Friday were GitHub Inc, Microsoft Regional Sales Pte Ltd, UCWeb Singapore Pte Ltd, To The New Pte Ltd, Coda Payments Pte Ltd and Nexmo Inc.

The companies in Friday's announcement must start charging VAT to advertisers and other customers from Nov. 1, the Directorate General of Taxes said in a statement.

The companies were not immediately available to comment.

Non-resident foreign firms that generate annual sales of at least 600 million rupiah ($41,000) for digital products and services from at least 12,000 users in Indonesia are required to pay VAT, the authority said.

(Reporting by Tabita Diela; Editing by Christopher Cushing)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.80% 277.72 Delayed Quote.30.94%
ALPHABET INC. 0.01% 1764.13 Delayed Quote.31.71%
MICROSOFT CORPORATION 0.00% 213.87 Delayed Quote.35.61%
NETFLIX, INC. 0.44% 485 Delayed Quote.49.89%
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 336 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,7x
Yield 2021 1,02%
Capitalization 1 617 B 1 617 B -
EV / Sales 2021 9,76x
EV / Sales 2022 8,71x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 213,87 $
Spread / Highest target 30,0%
Spread / Average Target 13,4%
Spread / Lowest Target -15,8%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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