ANALYSIS OF TAX ASPECTS IN THE FINTECH INDUSTRY ESPECIALLY DONATION BASED - CROWDFUNDING
Vissia Dewi Haptari

Politeknik Keuangan Negara STAN


Abstract

The rapid development of financial technology (fintech) is an industry that is engaged in finance by utilizing technology, it is inevitable in line with the development of technology itself and the behavior of society. Financial technology is also used to collect donations for social, humanitarian, and disaster victims by many internet-based startups. Donors make online donations based on a high sense of empathy and social responsibility. The tax treatment in this activity is that donations received are treated as non-tax objects, donations issued are deductions from gross income, and there is no value added tax element. Meanwhile, what is treated as a tax object is income tax for platform employees and stamp duty on the agreement made.

Keywords: Fintech, crowdfunding, income tax, value added tax, stamp duty

Topic: Financial Technology

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