Malaysia has introduced a variety of indirect tax and stamp duty measures in its 2021 national budget that businesses should be aware of in 2021.
We will be operating this article as a running live update service to keep businesses in the ASEAN region informed with regards to the coronavirus.
Singapore’s foreign worker quota will be reduced for the manufacturing sector from 20 percent to 15 percent by January 2023.
Vietnam’s Bin Dinh province approved the construction of an industrial zone (IZ) in 2020. The IZ will be spread out over 1,000 hectares and will be constructed within 10 years.
Indonesia issued Presidential Regulation 10 of 2021, which liberalizes many business sectors for foreign investment.
Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.
By Bob Savic, Advisor to Dezan Shira & Associates From “Singapore-on-Thames” to cruising on the Singapore River There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s. The idea was dubbed as “Singapore-on-Thames” by[…..]
Vietnam’s energy consumption will continue to grow as the economy recovers from the pandemic-induced downturn.
The government of Laos issued Notification 0831 in February 2021, which obligates all individuals liable to personal income to obtain a tax identification number.
Singapore’s government issued the COVID-19 Resilience Package as part of its 2021 national budget announcement on February 16, 2020.