Australia’s Services Exports to Gain from Upgraded Free Trade Agreement with Singapore
Australia and Singapore, on 13 October, signed an agreement to upgrade the Singapore-Australia Free Trade Agreement (SAFTA). Learn how Australia’s financial, legal, education and professional services can tap into elements of the agreement.
ASEAN Regulatory Brief: Money Laundering Regulations in Thailand, Philippine Monetary Allowances, and Private Jets in Indonesia
In this week’s ASEAN Regulatory Brief we discuss Thai money laundering legislation, analyze increased Philippine monetary allowances, and highlight and private jet flights in Indonesia
Q&A: Using Singapore as a Regional Hub for Managing ASEAN Operations
As ASEAN continues to integrate, Singapore’s importance as the entry point for investment is likely to increase. In this article, we answer some of the most commonly asked questions regarding the city state’s use as a hub for the management of operations throughout ASEAN.
Philippine Tax Amnesty Proposed in a Bid to Increase Revenue Collection
A Philippine tax amnesty has been proposed in an effort to increase state collections and mitigate reduced revenues projected in the wake of planned corporate tax reductions. Understand the terms of the amnesty and how you may qualify for relief.
The State of ASEAN M&As in 2016
In its most recent investment report for 2016, ASEAN has focused heavily on the intertwined issues of mergers and acquisitions (M&As). Learn which parties are at the forefront of these acquisitions and where opportunities lie in the near to medium term.
ASEAN Market Watch: Fintech in Singapore, Declining Philippine Exports, and Google’s Tax Troubles in Indonesia
In this week’s ASEAN Market Watch we discuss fintech in Singapore, analyze declining Philippine exports, and highlight Google’s tax troubles in Indonesia
Myanmar Opens Three Overland Crossings to e-Visas
Myanmar has extended e-visas for tourists and business professionals to three land crossings: Tachileik, Myawaddy, and Kawthaung. Learn what you will need to apply.
CorpPass Set to Replace SingPass for Businesses in Singapore
CorpPass is to replace SingPass for business interactions with government e-services. Understand the rollout, and learn how to apply for CorpPass as we analyze the G2B interface.
ASEAN Regulatory Brief: Tax Evasion in Singapore, Business Registration in the Philippines, and Indonesian Banking Rules
In this week’s ASEAN Regulatory Brief we highlight Singapore’s recent tax evasion agreement with Australia, discuss streamlined business registration in the Philippines and Indonesian banking rules
Indirect Taxation Across ASEAN
VAT and GST rates within ASEAN vary widely between member states – from 12 percent in the Philippines to countries which do not currently levy these taxes at all, such as Laos and Myanmar. For those considering investment, GST, VAT, and other taxation tied to the purchase of specific goods should be watched closely.