Other Briefings
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.
The Philippines Resumes Tax Audits Following Internal Review
The Philippines has announced the resumption of field audits from the Philippine Bureau of Internal revenue. Understand how the functions of the BIR have changed and what field audits will mean for your Investments.
Singapore Removes Spot Pricing Requirements for Precious Metal GST Exemptions
Investors in Investment Precious Metals (IPMs) will no longer be required to base pricing on commodity spot prices to claim exemption from GST. Understand what has changed and how the new policy is likely to impact investment.
Malaysia Announces 70% Tax Exemption for Shipping Industry
Malaysia is one of the most prolific traders within the ASEAN bloc. Helping to ensure the longevity of this position, the country has introduced a 70 percent tax incentive for those in the shipping industry. Understand the particulars of these incentives and learn how you may benefit.
An Introduction to Malaysian GST
Malaysia has introduced Goods and Service Taxation (GST) as of April 2016. Learn how this tax has been implemented and understand its projected impact on business throughout the country.
The Benefits of Regional Management in Thailand
Thailand is seeking to position itself as a regional management center within ASEAN. Read more to learn about incentives offered by the Kingdom as well requirements needed to tap into these opportunities.
Malaysia Raises Minimum Wage to Enhance Automated Production
Malaysia has raised its minimum wage in a bid to incentivize a shift towards automated manufacturing. Learn the details of this new policy and understand its implications for specific sectors and the Malaysian economy at large.
Philippines Set to Lower Corporate Income Tax under Duterte
The Duterte administration has successfully taken office and promises exciting changes for the Philippine economic landscape. A key highlight in its plans is a promise to lower income based taxation while supplementing government income with VAT hikes and slashes to investment incentives.
Malaysian Tax Stoppages: Understanding Liability and Maximizing Mobility
With the passing of Ruling No. 12/2015, it is time for Malaysian residents to double check their taxes. Section 104 of the Income Tax Act of 1967 had established that individuals with outstanding tax dues would be forbidden from leaving the country until the debt was settled, but this law was never enforced – until last year.
The 2016/17 ASEAN Tax Comparator – New Issue of ASEAN Briefing Magazine
In this issue of ASEAN Briefing, we examine regional taxation in ASEAN through a comparison of corporate, indirect, and withholdings taxation. Read more for a more effective understanding of your tax options throughout the region.
