Other Briefings
Malaysian Prime Minister Resigns, Deepening Political Crisis
Malaysia’s prime minister, Muhyiddin Yassin, offered his resignation to the country’s King on August 16, 2021, after less than 18 months in power.
Philippines and Brunei Sign Double Tax Avoidance Treaty
The Philippines and Brunei have signed a double taxation avoidance treaty that will eliminate double taxation on the income generated from cross-border transactions.
US – Vietnam Reach Agreement on Currency, No Tariffs Imposed
Vietnam reached an agreement with the US regarding its practices on currency, marking an end to the dispute, and for Vietnam no threat of tariffs.
Indonesia’s Batam Receives Two New Special Economic Zones
Indonesia is set to open two new special economic zones in the island city of Batam with the aim to develop the digital economy, data centers, logistics, tourism, and aviation industries.
Circular 45 Sets Out New Rules on Advance Pricing Agreements in Vietnam
Vietnam’s Circular 45 sets the new rules on the Advance Pricing Agreements (APA) mechanism in Vietnam. Circular 45 entered into force on August 3, 2021.
The Updated Indonesia-Singapore Tax Treaty Enters into Force
On July 23, 2021, the updated Indonesia-Singapore double taxation agreement entered into force, strengthening efforts to prevent tax evasion, and increase investments between the two countries.
Thailand Issues Latest US$1.3 Billion Stimulus Package
Thailand issued its latest stimulus package valued at 42 billion baht (US$1.3 billion), which provides financial assistance to businesses and people.
Thailand and the EU Resume Free Trade Agreement Negotiations
Thailand and the European Union (EU) have agreed to resume negotiations on a free trade agreement (FTA), seven years after talks collapsed in 2014.
Company Dissolution in Indonesia: A Guide for Foreign Investors
The company dissolution process in Indonesia can be voluntary or non-voluntary. This article explores the steps that foreign investors should take when liquidating their Indonesian businesses.
The Philippines Imposes New 12% VAT Rate on Exporters
The Philippines’ Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.
