The CREATE Act is a time-bound and tailor-made set of corporate and tax reforms to counter the effects of COVID-19 on the Philippines’ economy.
Indonesia endorses the arm’s length principle as the standard guide to transfer pricing.
The Inland Revenue of Singapore (IRAS) endorses the arm’s length principle as its standard guide to transfer pricing.
Singapore has delayed the increase of the goods and sales tax (GST) for 2021 and has extended GST rules to include low-value goods imported via air or post.
The government approved the Financial Institutions Strategic Transfer (FIST) Act to help dispose NPAs and NPLs of banks and financial institutions.
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.
Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.
The government of Laos issued Notification 0831 in February 2021, which obligates all individuals liable to personal income to obtain a tax identification number.
Malaysia’s government has issued several tax measures in its national budget that will impact businesses in 2021.
The Cambodian tax authorities have issued a new taxpayer classification regime that will impact several business sectors.