In early January 2021, Malaysia launched the PERMAI stimulus package to support businesses.
Thailand’s government has issued its latest tax relief package to assist businesses impacted by the pandemic.
Thailand’s Board of Investment issued its latest stimulus package to accelerate foreign investments in the country.
The Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.
The Philippines uses a self-assessment tax system, and the accounting period consists of 12 months, normally ending on December 31.
All companies in Thailand must prepare financial statements for their assigned accounting period to the Ministry of Commerce.
Resident taxpayers are subject to tax on their worldwide income while non-resident taxpayers are taxed on their Cambodia-sourced income only.
Myanmar’s government issued Notification 65/2020, which provides several tax relief measures for businesses impacted by the pandemic.
Labuan, a federal territory of Malaysia, issued a new tax framework in early 2019, which impacts a variety of tax requirements, such as the abolition of the 20,000-ringgit tax ceiling.
Thailand’s Board of Investment (BOI) issued its latest incentives for the country’s electric vehicle (EV) industry.