ASEAN Briefing News

Philippines’ Public Holidays for 2023

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ASEAN Briefing outlines the Philippines’ public holidays for 2023. This is a comprehensive list of those holidays.

An Overview of Goods and Services Tax in Singapore

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The goods and services tax is a self-assed tax in Singapore. The current rate is 8%, but this is expected to rise to 9% in 2024.

Examining Thailand’s Economic Revival and Investment Opportunities

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Thailand’s economy is forecasted to grow between 2.7-3.6 percent, buoyed by an influx of foreign tourists and improving domestic consumption.

Audit and Compliance in Singapore: A Guide for Foreign Investors

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Singapore makes it obligatory for registered businesses to file annual financial statements and hold annual general meetings.

Transfer Pricing in Singapore: A Guide for Foreign Investors

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The Inland Revenue of Singapore (IRAS) endorses the arm’s length principle as its standard guide to transfer pricing.

A Guide to Singapore’s Labor Law

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The Employment Act is the central labor law in Singapore. We discuss the terms and conditions of employment that the Act covers, and how it impacts employers and employees.

Navigating Intellectual Property Rights in Singapore: An Overview

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We discuss the types of intellectual property that are afforded protection in Singapore and the associated procedural formalities.

A Guide to Personal Income Tax in Singapore

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Personal income tax in Singapore is based on a progressive tax system, with taxes ranging from 0 to 22.5 percent for 2023.

Understanding Social Insurance in Singapore

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We discuss the Central Provident Fund (CPF) and the Retirement Sum Topping-Up (RSTU) scheme – key components of Singapore’s social insurance.

How to Open a Corporate Bank Account in Singapore?

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We discuss the requirements to open a corporate bank account in Singapore, including the necessary documents, and procedures, and note the country’s prominent banking institutions.

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