ASEAN Briefing News

Indonesia’s VAT Rate to Increase in 2025: How Businesses Can Get Ready

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The Indonesian government is expected to impose a 12 percent VAT in 2025, an increase of 1 percentage point from the current VAT rate.

Singapore Increases Goods and Services Tax for 2024

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Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.

An Overview of Goods and Services Tax in Singapore

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The goods and services tax is a self-assed tax in Singapore. The current rate is 8%, but this is expected to rise to 9% in 2024.

A Guide to Value Added Tax in Indonesia

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Value-added tax in Indonesia is imposed on the provision of services or the transfer of taxable goods at a rate of 11 percent.

How GST Liability is Assessed on Low Value Goods Transactions in Singapore

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Goods and services tax is levied on low-value goods that are imported to Singapore. Businesses should identify whether their customers are GST-registered.

A Guide to Taxation in Laos

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All companies incorporated under Lao law will be subject to corporate income tax, value-added tax, and personal income tax.

A Guide to Taxation in Cambodia

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A tax resident in Cambodia is someone who domiciles in the country or is in Cambodia for more than 182 days in any 12-month period.

A Guide to Taxation in Singapore

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Singapore adopts a territorial basis of taxation and so businesses are taxed only on Singapore-sourced income.

A Guide to Taxation in Thailand

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Taxes in Thailand are governed by the Revenue Code, which follows the concept of a self-assessment system.

A Guide to Taxation in Malaysia

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Malaysia implements a territorial tax system with residents and non-residents taxed on their Malaysian source income.

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