Showing 10 of 1622 articles

Singapore Publishes Revised Edition of its Productivity Credit e-Tax Guide


The Inland Revenue Authority of Singapore (IRAS) has published a revised edition of its e-tax guide for the Productivity and Innovation Credit (PIC). The new guide includes the changes made in February’s 2014 Budget Statement.

The Philippines Issues Restraining Order on Investor Disclosure Rules


On September 9th, the Philippines’ Supreme Court issued a temporary restraining order on the Bureau of Internal Revenue (BIR), which prevented it from enforcing regulations requiring the submission by withholding agents of a list of their investors receiving taxable income. These regulations were laid out in Revenue Regulations (RR) No. 1-2014, which were promulgated earlier this year.

Hong Kong Signs on to New OECD Global Tax Standards


The government of Hong Kong has recently announced that it will support the new Organization for Economic Cooperation and Development’s (OECD) new global standards on the automatic exchange of information for the purposes of enhancing tax transparency and combating cross-border tax evasion.

Malaysia to Introduce a Goods and Services Tax (GST) of Six Percent


The Malaysian government has announced that on April 1, 2015 it will implement a Goods and Services Tax (GST) of six percent. The new GST will replace the current sales and service tax regime.

Indonesia Seeks to Clarify Transfer Pricing Practices with PER 22


Transfer pricing continues to be a critical issue for the Indonesian Tax Office (“ITO”). In an effort to provide much needed clarity on transfer pricing practices, particularly in relation to transfer pricing audits, the ITO issued PER 22[1] to provide guidance to auditors on what they should be focusing on in terms of transfer pricing audits. Although auditors are the primary audience for PER 22, which came into effect on July 1 2013, taxpayers can rely on this guidance in order to anticipate the focus and direction of scrutiny in relation to transfer pricing audits in Indonesia.

Myanmar Expands List of Mandatory JVs, Cuts Import Tax Benefits, Seeks Investors for SEZ


In a number of new pieces of legislation and other actions, the Myanmar government has expanded the list of business activities that require the formation of a joint venture (JV), cut import tax benefits for a variety of businesses, and has announced that it is seeking investors for a new Special Economic Zone (SEZ).

Vietnam Ranks as 2nd Most Attractive Nation in ASEAN for US Business


According to survey results recently released by the U.S. Chamber of Commerce in Singapore, Vietnam is the second most popular destination for U.S. business expansion among the member states of the Association of Southeast Asian Nations (ASEAN). Indonesia took the top position.

RCEP Ministers Remain Optimistic Despite Negotiation Hurdles


On Wednesday, the Association of Southeast Asian Nations (ASEAN) and its FTA partners – Japan, New Zealand, China, India, South Korea and Australia – held their second round of ministerial talks for the Regional Comprehensive Economic Partnership (RCEP). Ministers expressed optimism for meeting the RCEP completion target of December 2015.

September 2014 ASEAN Regional Meetings


There are a number of important ASEAN regional meetings taking place in September, including the General Assembly of the ASEAN Inter-parliamentary Assembly and the Forum on Good Governance.

APEC Continuing Environmental Goods Tariff Reductions Push


Members of APEC moved closer towards realizing their commitment towards free trade in environmental goods, after recent meetings this month.

Showing 10 of 1622 articles
Events in ASEAN All Events

Our free webinars are packed full of useful information for doing business in ASEAN.

Related reading
  • Opportunities in Indonesia’s Special Economic Zones
  • An Introduction to Doing Business in Singapore 2022
  • An Introduction to Doing Business in Indonesia 2022
  • Audit and Compliance in ASEAN: Prepare for 2022
  • An Introduction to Doing Business in ASEAN 2022
Back to top