Thailand has introduced new incentives aimed at supporting high-tech industries, tax exemptions for companies relocating to the country, and rewarding existing investors.
Singapore is expected to increase its goods and sales tax (GST) as planned from January 1, 2023, from seven to eight percent.
Cambodia has introduced new income tax thresholds for 2023 under Sub-Decree 196.
Outbound travelers from Singapore’s Changi International Airport will face higher airport charges starting from November 1, 2022.
Thailand’s Board of Investment (BOI) offers a range of tax and non-tax incentives to foreign companies making investments in the country. In this article, we discuss the various tax and non-tax incentives on offer for foreign investors in Thailand.
The Philippines has extended and expanded the tax incentives for a variety of industries under the 2022 Strategic Investment Priority Plan.
Indonesia has pledged to make the SEZs a policy priority to attract foreign investment – further facilitated through its tax incentive programs.
Malaysia has extended the timeline for applicants seeking income tax incentives for qualifying activities in the East Coast Economic Region.
Singapore has one of the world’s most extensive DTA and FTA networks and why the country attracts businesses from many nuanced industries.
As a resource-rich country with a small population, Brunei has one of the least number of taxes in Asia.