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Thailand: BoT keeps policy rate at 0.5%

The Monetary Policy Committee left its key interest rate unchanged at a record low on Wednesday, as expected, as the economy showed signs of recovering from the fallout of the coronavirus pandemic. All seven MPC members of the Bank of Thailand voted unamiously to keep the one-day repurchase rate steady at 0.5% for a fourth […]

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Philippines: Home sector wants delay on TRAIN-era tax in low-cost houses

MANILA, Philippines — Housing regulators backed appeals from homebuilders to postpone levying taxes in low-cost houses next year while the pandemic rages on, a levy that could end up getting passed to buyers through expensive prices that the poor may not afford. “This will surely have a significant impact on the sales of real properties intended for low-income buyers,” Housing […]

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Decree to prevent transfer pricing could inadvertently harm Vietnamese companies

Setting a cap on loan interest deductability is a tool to prevent foreign invested enterprises (FIEs) from conducting transfer pricing. However, the application of the regulation on Vietnamese enterprises as well has stirred controvesy. On November 5, 2020, the government issued Decree 132 on guiding tax administration for enterprises engaging in related party transactions. Replacing […]

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Myanmar Extends Domestic Flight Ban until November 30

Civil Aviation Department has announced that the domestic flight ban, which ended on November 15, until November 30 amid rising COVID-19 cases in the country Myanmar has imposed the restrictions on domestic air travel since September 11 after locally transmitted COVID-19 cases soared starting from late August. The country also extended the international flight ban, […]

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