KUALA LUMPUR: There is no reason for the government to reintroduce the Goods and Services Tax (GST) as frequent changes to the tax system will adversely affect the economy, lower investor confidence and bring a bad image to the country, says Tun Dr Mahathir Mohamad. “Many types of taxes have been introduced, there have been […]
Read MoreThe government is considering forcing online giants such as Amazon.com Inc and Facebook Inc to collect value-added tax on e-commerce sales, echoing an Indonesian clampdown on transactions that skirt the levy. Cross-border purchases by Thais routed through global online marketplaces, as well as booming domestic sales in the so-called social-commerce sector, should incur the tax. […]
Read MoreIn August, the Ministry of Finance issued Circular No. 43/2019/TT-BTC (“the Circular”), passing new guidelines on incentives for investments at industrial or economic zones stated in Decree No. 82/2018 / ND-CP. The reform took effect on August 26, 2019. The Circular provides details on tax incentives for enterprises that have investment projects in Vietnam’s industrial and economic […]
Read MoreSOUTH-EAST Asian stores are becoming more popular with tourists from mainland China during Golden Week festivities, according to Chinese e-wallet provider Alipay. Asean made up half of the top 10 destinations by transaction volume, during the week-long holiday that began with China’s National Day on Oct 1, compared with three in the year before. Newcomers […]
Read MoreRENTAL prices in Singapore fell in September for both non-landed private homes and HDB flats as compared to August, though the rents increased on a year-on-year basis. This is according to SRX flash data released on Wednesday. Meanwhile, rental volumes fell for private condominiums, but rose for HDB flats on a month-on-month basis. Overall rents […]
Read MoreA report entitled “Swipe up and to the right: Southeast Asia’s $100billion internet economy”, compiled by Google, Temasek, and Bain & Company, cites Indonesia as the ‘king’ in the ride-hailing sector, or application-based transportation services, with the industry reaching US$6billion in 2019. This growth is a 6-fold increase in the market since 2015. “The ride-hailing […]
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Thailand
