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Philippines: BIR issues draft rules on estate tax amnesty

MANILA, Philippines — The Bureau of Internal Revenue (BIR) yesterday released the draft implementing rules and regulations (IRR) for the estate tax amnesty program, a measure seen to give taxpayers a one-time opportunity to clear up their estate tax liabilities. The agency also held public consultations for the draft Revenue Regulations (RR) to clarify any concerns from […]

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Thailand: Cabinet OKs extending visa fee waiver

The cabinet on Wednesday gave the nod to extending the waiver of visa-on-arrival fees for visitors from 21 nations for another six months to ward off an economic slump during the transition to a new government.  Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, said that upon cabinet approval the exemption from the 2,000-baht […]

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Brunei: Financing to agricultural sector records major jump

LOANS/financing to the agricultural sector in Brunei Darussalam increased from BND11.9 million in 2015 to BND23.8 million in 2018. This aligns with the country’s diversification aspiration. According to Autoriti Monetari Brunei Darussalam (AMBD), Brunei Darussalam’s financial system, in which Islamic and conventional financial institutions co-exist in parallel, recorded an overall asset base of BND21.9 billion […]

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