Other Briefings
China-ASEAN Trade Sees Strong Growth in First Half of 2014
Trade between China and the ASEAN nations reached US$220.69 billion in the first half of 2014, an increase of 4.8 percent compared with the same period last year, China’s Ministry of Commerce announced this week.
Manufacturing Hubs Across Southeast Asia
ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which, for the time being, are concentrated in low- or no-tech assembly. In this article, we explore the market characteristics of ASEAN’s most important manufacturing destinations.
ASEAN +3 Bolsters Financial Assistance in the Region
An expanded financial assistance pool among the ASEAN +3 nations was implemented last week, strengthening financial cooperation within the region.
Malaysia Announces Transfer Pricing Awareness Survey
In a recent effort to collect more data on related party transactions and transfer pricing compliance, the Inland Revenue Board (IRB) has announced that it will start issuing transfer pricing awareness surveys before the commencement of a transfer pricing audit.
Singapore Boosts Information Technology Cooperation with South Korea
Small and medium sized information technology companies in South Korea and Singapore can look forward to more opportunities for cooperation and growth as the two countries inked a Memorandum of Understanding on Information and Communications Technology collaboration last Friday.
Cambodia Reports Strong Business Growth
According to Cambodia’s Ministry of Commerce, the number of newly registered businesses has increased by 33 percent over last year, including a strong contingent of foreign enterprises.
Myanmar Establishes New Special Economic Zone
Plans are currently underway to develop a new special economic zone in Myeik. Located in Myanmar’s southeastern Tanintharyi region, Myeik is home to one of Myanmar’s growing number of industrial zones.
Singapore and Seychelles Sign Double Tax Agreement
The Inland Revenue Authority of Singapore has announced that Singapore and the Seychelles have signed an Agreement for the Avoidance of Double Taxation on July 9, 2014.
Transfer Pricing in Malaysia: Past, Present and Future
Transfer pricing continues to be an important issue for the Inland Revenue Board (IRB) in Malaysia.This article discusses recent developments in transfer pricing in Malaysia and advises taxpayers operating in Malaysia on how to prepare for scrutiny by the IRB.
Tax Exemptions on Foreign Income for Singapore-Based Companies
According to the Inland Revenue Authority of Singapore, a Singapore tax resident can enjoy tax exemption on specified foreign income that is remitted into Singapore.
