MANILA, Philippines — The Bureau of Internal Revenue (BIR) has agreed to suspend the imposition of the 12 percent value-added tax (VAT) on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic Zone Authority (PEZA) and House ways and means committee chairman Rep. Joey Salceda. The Philippine Exporters Confederation […]
Read MoreThe Bank of Thailand (BoT) has discussed with relevant authorities to seek ways to lower the country’s household debt, starting from co-operatives and student loans with a target to expand to cover farmer loans next year. The country’s household debt is made up of financial sources and loan sources, including those that are not under […]
Read MoreTHE year-long construction delays in Singapore’s industrial property market are beginning to see an end. In Q2 2021, total available stock increased by 374,000 square metres (sq m) compared to Q1, the largest quarterly rise since 2017. By the end of the third month in Q2, there were 50.5 million sq m of industrial space. […]
Read MoreHONG KONG (BLOOMBERG) – As the pandemic rages in Asia, offices are making a comeback. More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group. The study found that 66 per cent of Asia-based firms expect to add space […]
Read MoreVietnam’s tax authorities will give five more months for e-commerce platforms to set up data connectivity and begin sharing online sellers’ information from January 2022. In the dispatch to collect feedback on the enforcement roadmap, the General Department of Taxation (GDT) has adjusted the schedule to being e-commerce taxation from August 1, 2021 to January […]
Read MoreThe 2021 state budget would keep changing through reallocation of various ministry/department expenditures to meet the dynamic demands amid this pandemic. Jakarta (ANTARA) – The realization of budget for National Economic Recovery (PEN) program has reached Rp277.36 trillion, or 37.2 percent of the Rp744.75-trillion ceiling budget, on July 16, 2021, Finance Minister Sri Mulyani Indrawati said. […]
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