The Bureau of Internal Revenue (BIR) issued early this year Revenue Regulations (RR) No. 6-2018 to revoke RR No. 12-2013 and to reinstate the provisions of RR No. 14-2002, as amended, allowing, in certain cases, the deduction of an expense where no withholding of tax was made. It may be recalled that RR No. 12-2013, […]
Read MoreThe Hanoitimes – With a projected growth rate of 25 percent yearly, Vietnam’s e-commerce market is expected to double to US$10 billion in the next four years. According to the Vietnam E-commerce Association, the e-commerce market surged by 25 percent last year to reach $5 billion and the annual growth rate can be maintained for 2018-2022. […]
Read MoreMANILA, Philippines — A consumer group on Tuesday urged the country’s transport regulator to “stop meddling” in the ongoing review of the consolidation of businesses of ride-hailing companies Uber and Grab, amid concerns that the deal is anticompetitive. Last month, the two companies announced that Grab will buy Uber’s ride-sharing and food delivery business in […]
Read MoreMANILA, Philippines — The Philippines can afford to gradually cut corporate income tax (CIT) rates to stimulate investments, as the country also seeks to reduce fiscal incentives from businesses that do not need them. “Some ASEAN countries, like the Philippines, have scope to cut the statutory CIT rate in a gradual manner, which could encourage […]
Read MoreTEMPO.CO, Jakarta – Communication and Informatics Minister Rudiantara asserted the ministry will surely shut down social media platform Facebook in Indonesia following its users` data breach scandal. “We will see the progress first. But I will not hesitate if I have to close Facebook,” said Rudiantara in South Jakarta, on Monday night, April 9. As previously reported, Facebook was involved […]
Read MoreThe Hanoitimes – The Ministry of Finance expects to remove and simplify 188 business conditions under its authority before June 30 this year. The number accounts for 50.8 percent of the total business conditions regulated for 21 industries and sectors under the ministry’s authority, representatives of the ministry said during a recent meeting with the Prime […]
Read More
Thailand
