Confusion over how 13th month pay and Christmas bonuses differ in the Philippines is common. Here, we look at the differences between the two types of bonus payments, how they are taxed, and strategies to optimize their use.
Malaysia is set to implement a series of tax increases for both domestic and international bound flights starting in 2017. With rates confirmed, criticism and outcry from the nation’s aviation industry has been growing as many worry about the ramifications for regional aviation.
A Philippine tax amnesty has been proposed in an effort to increase state collections and mitigate reduced revenues projected in the wake of planned corporate tax reductions. Understand the terms of the amnesty and how you may qualify for relief.
VAT and GST rates within ASEAN vary widely between member states – from 12 percent in the Philippines to countries which do not currently levy these taxes at all, such as Laos and Myanmar. For those considering investment, GST, VAT, and other taxation tied to the purchase of specific goods should be watched closely.
The Philippines has announced the resumption of field audits from the Philippine Bureau of Internal revenue. Understand how the functions of the BIR have changed and what field audits will mean for your Investments.
Investors in Investment Precious Metals (IPMs) will no longer be required to base pricing on commodity spot prices to claim exemption from GST. Understand what has changed and how the new policy is likely to impact investment.
Malaysia is one of the most prolific traders within the ASEAN bloc. Helping to ensure the longevity of this position, the country has introduced a 70 percent tax incentive for those in the shipping industry. Understand the particulars of these incentives and learn how you may benefit.
Malaysia has introduced Goods and Service Taxation (GST) as of April 2016. Learn how this tax has been implemented and understand its projected impact on business throughout the country.
Thailand is seeking to position itself as a regional management center within ASEAN. Read more to learn about incentives offered by the Kingdom as well requirements needed to tap into these opportunities.
Malaysia has raised its minimum wage in a bid to incentivize a shift towards automated manufacturing. Learn the details of this new policy and understand its implications for specific sectors and the Malaysian economy at large.