Should input value-added tax (VAT) or VAT passed on by a taxpayer’s supplier of goods or services be allowed as a deduction from income tax, if the claim for refund or tax credit was denied or disallowed? To answer that question, one has to understand the difference between income taxation and the imposition of VAT. […]
Read MoreKUALA LUMPUR: Malaysia is capable of exceeding the RM1 trillion total exports target this year, boosted by strong collaboration between various government agencies and private sectors, said International Trade and Industry Minister Datuk Darell Leiking. Last year, Malaysia according to him recorded RM998 billion in total export, about 0.2% short of surpassing the RM1 trillion threshold. […]
Read MoreThailand, Indonesia and India will experience rapid growth in the online grocery sector, although they are coming from such a low base that it will only account for market shares of 2.8%, 1.5%, and 1.2% respectively by 2023. Read more
Read MoreThe state-owned Government Savings Bank (GSB) has loosened reverse mortgage lending criteria by waiving a requirement for consent from the borrower’s cousins in an effort to enable the elderly to better access the loan. The bank’s reserve mortgage lending was subdued because of the requirement that cousins must provide consent for the loan, said president […]
Read MoreMANILA, Philippines — The government will impose a suggested retail price (SRP) for imported rice as farmers sought intervention amid the continued decline in farm gate prices due to the liberalization of the industry. In an interagency meeting yesterday, the Departments of Agriculture, Trade and Finance, and the National Economic and Development Authority agreed to […]
Read MoreThe Ministry of Tourism yesterday launched a mobile application that gives tourists quick access to information about Cambodia. For in depth analysis of Cambodian Business, visit Capital Cambodia Called ‘Kingdom of Wonder’, the application was presented to the public with much fanfare at Sokha Siem Reap Resort and Convention Centre. The event, which also featured the […]
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Thailand
