ASEAN Briefing News

The Updated Indonesia-Singapore Tax Treaty Enters into Force

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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.

The Philippines Imposes New 12% VAT Rate on Exporters

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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.

Corporate Income Tax in Singapore

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Singapore’s corporate income tax (CIT) rate of 17 percent is the lowest in ASEAN and has attracted a dynamic investment community of more than 7,000 multinational firms into the country. Read on to learn more.

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