ASEAN Briefing News

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


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


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


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


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


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


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


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


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

A Guide to Taxation in Thailand


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

A Guide to Taxation in Malaysia


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

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