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.
Audit and Compliance in Thailand: A Guide for Foreign Investors
All companies in Thailand must prepare financial statements for their assigned accounting period to the Ministry of Commerce.
Indonesia New Tax Regime for Benefits-in-Kind
Indonesia’s Ministry of Finance issued Regulation 66 of 2023 (MOF 66/2023) to govern the tax treatment of benefits-in-kind.
Business Incentives for Foreign Investors in Singapore
Companies setting up in Singapore are eligible for various incentives that can help reduce their operational costs.