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.
All companies incorporated in Malaysia must have their accounts audited by a Ministry of Finance approved auditor as mandated by the Companies Act of 2016.
Singapore’s investor-friendly tax and legal regimes make the country an ideal destination to establish a financial treasury center.
Private and public companies in Myanmar are obligated to audit their accounts as well as hold annual general meetings once a year.
Private and public companies in Brunei are obligated to audit their accounts as well as hold annual general meetings once a year.
Myanmar introduced the 2020 Union Taxation Law, which sets out the latest rates for income tax, gemstone tax, commercial tax, and specific goods tax.
Myanmar’s government issued Notification 79 of 2020, which describes the latest tax compliance measures for non-profit organizations.