Tax & Accounting

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  October 27, 2021 by ASEAN Briefing Reading Time: 2 minutes
  

  Vietnam Issues New VAT Rate for Imported Medical Equipment

  Vietnam’s Circular 43 implements a reduction in the value-added tax rate for imported medical equipment from 10 percent to five percent.
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  October 13, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  Indonesia Passes Major Tax Overhaul Bill

  Indonesia’s parliament has approved the Harmonized Tax Law, which will overhaul the existing tax structure.
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  October 12, 2021 by ASEAN Briefing Reading Time: 4 minutes
  

  Minimum Global Corporate Tax Rate: Implications for Singapore

  With the global minimum corporate tax rate set to take effect, there will the implications for foreign investments in Singapore.
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  September 10, 2021 by ASEAN Briefing Reading Time: 4 minutes
  

  Indonesia’s Omnibus Law: New Tax Treatment to Support Ease of Doing Business

  Learn about new income tax exemptions for foreign dividends received by domestic taxpayers, reduced WHT on bond interest, and other tax law amendments.
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  September 7, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  Stamp Duty in Indonesia: New Law in Effect

  On January 1, 2021, Indonesia’s Law No. 10 of 2020 on Stamp Duty (the “Law”) came into effect, replacing the previous stamp duty law from 1985.
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  August 30, 2021 by ASEAN Briefing Reading Time: 4 minutes
  

  A Guide to Withholding Taxes in Singapore

  Withholding taxes in Singapore are low by global standards, in line with the city-state’s reputation for business-friendly policies.
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  August 16, 2021 by Ayman Falak Reading Time: 2 minutes
  

  Philippines and Brunei Sign Double Tax Avoidance Treaty

  The Philippines and Brunei have signed a double taxation avoidance treaty that will eliminate double taxation on the income generated from cross-border transactions.
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  August 10, 2021 by Ayman Falak Reading Time: 2 minutes
  

  Circular 45 Sets Out New Rules on Advance Pricing Agreements in Vietnam

  Vietnam’s Circular 45 sets the new rules on the Advance Pricing Agreements (APA) mechanism in Vietnam. Circular 45 entered into force on August 3, 2021.
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  August 6, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  The Updated Indonesia-Singapore Tax Treaty Enters into Force

  On July 23, 2021, the updated Indonesia-Singapore double taxation agreement entered into force, strengthening efforts to prevent tax evasion, and increase investments between the two countries.
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  July 31, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  The Philippines Imposes New 12% VAT Rate on Exporters

  The Philippines’ Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.