The government has decided to delay implementation of stringent new accounting rules for another year to prevent any adverse impact on businesses. Nuntawan Sakuntanaga, the commerce permanent secretary and chairwoman of the Oversight Committee on Accounting Professions, said Ocap agreed to delay the implementation of International Financial Reporting Standard 9 (IFRS 9) to January 2020. But […]
Read MoreThe 10% service charge imposed by hotels and restaurants will stay when the Sales and Service Tax (SST) returns to replace the Goods and Services Tax (GST) on Sept 1. The Malaysian Association of Hotels president Cheah Swee Hee said the service charge is not to be confused with SST, which has a 10% tax […]
Read MoreThe Hanoitimes – As the Vietnamese government aims to fully divest from Saigon Beer Alcohol Beverage (Sabeco), the presence of state representative in the brewer`s board is not necessary in long-term, according to the Central Institute for Economic Management (CIEM)`s expert. Nguyen Thanh Nam, Sabeco’s current chief executive officer and representative of the Vietnamese Ministry of […]
Read MoreTHE PHILIPPINES is “largely compliant” with international frameworks against tax fraud, according to the latest review of the Organization for Economic Cooperation and Development (OECD), even as it cited areas of concern. “This second-round report concludes that the Philippines is rated largely compliant overall,” which was the same rating in the 2013 first-round report, according […]
Read MoreDomestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government. The new decree highlights the government’s policy on SEZ development, requirements for their establishment, incentives granted to investors, one-stop service delivery, and the obligations of […]
Read MoreBANGKOK, 17 July 2018 (NNT) – Thailand’s Department of Foreign Trade (DFT) is introducing new Thai entrepreneurs to Cambodian businesses in Phnom Penh to create opportunities for trade with neighboring countries. The department is confident that the program will result in purchase orders worth at least 220 million baht. The delegation of over 100 Thai […]
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