Other Briefings
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.
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.
Cambodia Issues Ninth Round of Stimulus Measures
Cambodia unveiled its ninth round of stimulus measures to support businesses andhouseholds as the country grapples with a sudden surge in COVID infections.
Vietnam Issues Guidance on Electronic Tax Payment Transactions: Circular 19
Vietnam’s Ministry of Finance (MoF) has issued Circular 19/2021/TT-BTC (Circular 19) guiding regulations on electronic tax transactions.
Personal Income Tax in Vietnam: Exemptions and Reductions
Vietnam’s Law on Personal Income Tax recognizes different categories of income, with a host of deductions, and tax rates, applying to each of them.
The Philippines CREATE Act Comes into Effect, Pushing for Accelerated Economic Recovery
The CREATE Act is a time-bound and tailor-made set of corporate and tax reforms to counter the effects of COVID-19 on the Philippines’ economy.
Transfer Pricing in Indonesia: A Guide for Foreign Investors
Indonesia endorses the arm’s length principle as the standard guide to transfer pricing.
GST Changes in Singapore for 2021: How Should Businesses Prepare
Singapore has delayed the increase of the goods and sales tax (GST) for 2021 and has extended GST rules to include low-value goods imported via air or post.
Philippines Launches FIST Act to Protect Banks and Financial Institutions
The government approved the Financial Institutions Strategic Transfer (FIST) Act to help dispose NPAs and NPLs of banks and financial institutions.
