Indonesia Issues Tax Incentives for COVID-19 Support
The Indonesian government has granted tax incentives and deductions for domestic taxpayers who have contributed to tackling the COVID-19.
Indonesia Issues Regulation on Taxing Digital Services
Indonesia introduced Reg 48/2020 in May 2020, which imposes a 10 percent VAT on digital service providers.
Indonesia Issues Implementing Regulation for Interest Subsidies Program
Indonesia’s issued implementing Regulation 65/2020, which addresses the criteria for which businesses can receive interest subsidies.
Thailand to Impose Digital Service Tax: Impacting Foreign Providers
The Thai government has approved draft legislation that will allow the country to impose VAT on international digital service providers.
Malaysia’s PENJANA Stimulus Package: Key Features
Malaysia issued its latest stimulus package on June 9, 2020, valued at 35 billion ringgit (US$8.1 billion).
The Philippines Prepares New Stimulus Program: CREATE Act
The Philippines is preparing to issue the CREATE Act to accelerate reforms of the country’s corporate tax system.
Laos Introduces Exemptions from Penalties for Late Filing and Payments of Taxes
Laos’ Ministry of Finance issued Notification 1061/MOF which provides exemptions from penalties for businesses for the late payment and filing of taxes.
More Businesses in Indonesia to Avail Special Tax Incentives as Part of COVID-19 Stimulus
The Indonesian government is planning to extend the business sectors eligible for tax incentives set out in the second COVID-19 stimulus package.
Singapore Issues Third COVID-19 Stimulus Package
On April 6, 2020, the Singaporean government issued its third stimulus package valued at S$5.1 billion (US$3.6 billion) to battle the COVID-19 pandemic.
Thailand Issues Second COVID-19 Stimulus Package
The Thai government issued its second stimulus worth 117 billion baht (US$3.56 billion). Read on to learn more.