Other Briefings
Two-Year Tax Breaks Proposed for Philippines’ Startups
The Philippines have filed a bill that would grant a tax exemption for startup businesses during their first two years of establishment.
Singapore Revises M&A Tax Allowances
The Inland Revenue Authority of Singapore have released their revised e-Tax Guide today, which outlines changes to the country’s M&A tax relief scheme, including stamp duty relief and double taxation deductions.
Thailand Offers Tax Deductions on R&D
Thailand has launched an online expense certification service to help businesses demonstrate they meet the qualifications necessary for a 200 percent research and development (R&D) tax deduction.
Tax Hike Makes Luxury Cars in Indonesia Even More of a Luxury
Regulations issued by the Indonesian Ministry of Finance hike the luxury-goods sales tax (LCT) on luxury cars by two-thirds to 125 percent.
Philippines Tax Department Considers Lowering Taxes
The Philippines’ Bureau of Internal Revenue (BIR) Commissioner, Kim Henares, explained in an interview with ABS-CBN News Channel last Thursday that the BIR is considering draft proposals that will lower personal income taxes by 2015.
ASEAN Tax Comparator
In this article, we outline the key corporate and individual income tax rates for the 10 member states of the Association of Southeast Asian Nations (ASEAN) – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Indonesia’s Ban on Raw Mineral Exports Takes Effect
On Sunday, January 12th, Indonesia’s controversial ban on raw mineral ore exports took effect an hour after President Susilo Bambang Yudhoyono signed off on some eleventh hour exemptions. The rationale behind the ban is to encourage the domestic processing of raw mineral ore into higher value metal products. The hope is that a greater share […]
Made in ASEAN: Vietnam Cuts Import Taxes for ASEAN-made Vehicles
Ho Chi Minh City – As of January 1, 2014, vehicles imported from other ASEAN countries to Vietnam are eligible to receive a 10-50 percent tax cut following the 2008 ASEAN Trade in Goods Agreement (ATIGA). The new tax rate for vehicles imported into Vietnam from ASEAN nations is displayed in the following chart: ASEAN […]
Moody’s Upgrades Philippines Rating
Oct. 4 – The Philippines has been upgraded by Moody’s to an investment rank of Baa3, citing “robust economic performance”, “ongoing fiscal and debt consolidation” and “political stability and improved governance.” Both Fitch Ratings and Standard & Poors have also upgraded the Philippines’ ranking. The Philippines’ economy has grown at 7.5 percent this year, one […]
Myanmar to Open Stock Exchange
Jul. 18 – Myanmar is currently working to pass a new securities law bill recently introduced to its lower house of parliament and, as a result, the country is now shooting to have its own stock exchange by the end of this year. The stock exchange will be established shortly after the bill – entitled […]
