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Cambodia: CBC says growth of credit charging ahead

Credit Bureau Cambodia (CBC) yesterday released its report for the fourth quarter of 2017, which showed significant growth in applications for credit, particularly in the credit card and mortgage sectors. The bureau reported a 19 percent increase in applications for credit compared to the third quarter of last year, which surpassed the third quarter growth […]

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Laos: Govt hikes fuel tax

The government has imposed more taxes on fuel and other goods and services as authorities increase efforts to collect additional revenue to meet set targets. The Ministry of Finance’s Taxation Department announced recently that the excise tax on super grade gasoline has risen from 35 percent to 39 percent. The excise tax rates on regular […]

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Philippines: BIR suspends tax audits

The Bureau of Internal Revenue (BIR) on Monday announced it had recalled mission orders issued to taxpayers under investigation, noting that tax audits failed to improve revenue collections. In a statement on Monday, the bureau also said it had ordered all revenue officers of its National Investigation Division (NID) to submit an inventory of all […]

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