Tax & Accounting

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  September 26, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Thailand’s Government Announces that it Will Keep Income Tax Cuts in Place

  Foreign investors in Thailand can breathe a little easier; the country’s new government has announced that it will extend the lowered rates of corporate income tax (CIT) and personal income tax (PIT) through the 2015 tax year. Thailand’s Finance Ministry is hoping that the extension of the tax cuts will spur consumption and aid economic growth.
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  September 24, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Singapore Releases e-Tax Guide to Help Financial Institutions Comply with FATCA

  Singapore’s Ministry of Finance, the Monetary Authority of Singapore, and the Inland Revenue Authority of Singapore (IRAS) have issued a draft e-Tax Guide that is intended to help financial institutions (FIs) in Singapore comply with the United States Foreign Account Tax Compliance Act (FATCA).
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  August 22, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Thailand Considers Inheritance and Property Tax Reforms

  The head of Thailand’s National Council for Peace and Order has approved plans to reform Thailand’s tax system, namely by incorporating inheritance and property taxes.
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  August 14, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Singapore Expands SME Financing Options to Support Small Businesses

  More channels for small and medium enterprise financing are opening up in Singapore, as banks introduce new grant programs and the government steps up effort to support small businesses.
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  August 7, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Declaration Now Required on Transfer Pricing Documentation in Malaysia

  The Malaysian Internal Revenue Board now requires corporate taxpayers to declare whether they have prepared transfer pricing documentation while filing a tax return.
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  July 18, 2014 by ASEAN Briefing Reading Time: 4 minutes
  

  Malaysia Announces Transfer Pricing Awareness Survey

  In a recent effort to collect more data on related party transactions and transfer pricing compliance, the Inland Revenue Board (IRB) has announced that it will start issuing transfer pricing awareness surveys before the commencement of a transfer pricing audit.
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  July 11, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Singapore and Seychelles Sign Double Tax Agreement

  The Inland Revenue Authority of Singapore has announced that Singapore and the Seychelles have signed an Agreement for the Avoidance of Double Taxation on July 9, 2014.
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  July 7, 2014 by ASEAN Briefing Reading Time: 3 minutes
  

  Tax Exemptions on Foreign Income for Singapore-Based Companies

  According to the Inland Revenue Authority of Singapore, a Singapore tax resident can enjoy tax exemption on specified foreign income that is remitted into Singapore.
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  June 5, 2014 by ASEAN Briefing Reading Time: 2 minutes
  

  Two-Year Tax Breaks Proposed for Philippines’ Startups

  The Philippines have filed a bill that would grant a tax exemption for startup businesses during their first two years of establishment.
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  May 20, 2014 by ASEAN Briefing Reading Time: 2 minutes
  

  Singapore Revises M&A Tax Allowances

  The Inland Revenue Authority of Singapore have released their revised e-Tax Guide today, which outlines changes to the country’s M&A tax relief scheme, including stamp duty relief and double taxation deductions.