Malaysia’s Budget for 2023 has changed the country’s corporate and individual tax regimes.
Taxpayers in Indonesia must file their tax returns by March 31. This can be done online or through a registered tax office.
Indonesia offers a variety of income tax incentives for investors that invest in its marine and fisheries industries. Here are the criteria.
All companies incorporated under Lao law will be subject to corporate income tax, value-added tax, and personal income tax.
All taxes in Vietnam are imposed at the national level; there are no local, city, or provincial taxes.
Vietnam’s Decree 91 makes amendments to the country’s Tax Administration Law. One of the changes includes reinstating the ’80 percent rule’ regarding provisional corporate income tax.
Indonesia adopts a worldwide income taxation system, meaning that those considered tax residents pay tax on income they earn in Indonesia.
A tax resident in Cambodia is someone who domiciles in the country or is in Cambodia for more than 182 days in any 12-month period.
Singapore adopts a territorial basis of taxation and so businesses are taxed only on Singapore-sourced income.
Taxes in Thailand are governed by the Revenue Code, which follows the concept of a self-assessment system.