Tax Transformation: Indonesia Introduces New Income Tax Regulations
Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers.
Singapore Increases Goods and Services Tax for 2024
Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.
Cambodia and France Engage in Double Tax Avoidance Agreement Talks
Cambodia and France have entered the first round of negotiations on a double taxation avoidance agreement to bolster trade.
Laos Raises Immediate Excise Tax Rates on Specific Products
Laos has introduced a new decree introducing strategic excise tax adjustments on various products.
Indonesia and Australia Sign MoU to Boost EV Collaboration
Indonesia and Australia will collaborate in the EV industry through an MoU that focuses on battery manufacturing and minerals processing.
Malaysia’s New Transfer Pricing & APA Rules
Malaysia has announced two new rules governing transfer pricing norms in the country. Multinational entities should take note.
Taxation of Foreign Sourced Income in Singapore Effective January 2024
Singapore will begin taxing foreign-sourced disposable gains from January 1, 2024, with Parliament approving the amendments to the country’s Income Tax Act.
Audit and Compliance in Brunei: A Guide for Foreign Investors
Private and public companies in Brunei are obligated to audit their accounts as well as hold annual general meetings once a year.
Indonesia Introduces De-Dollarization Task Force
Indonesia has introduced a de-dollarization task force to help promote the use of its Rupiah in bilateral transactions and diversify its risk from the greenback.
Audit and Compliance in Vietnam: A Guide for Foreign Investors
Foreign-owned enterprises and representative offices are obligated to have their annual statements audited.