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Philippines: Economists see higher inflation in March

MANILA, Philippines — Inflation likely accelerated in March and breached the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to economists. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said inflation likely climbed to 4.4 percent in March from three percent in February largely […]

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Taxing cross-border platforms: Vietnam tries to fight losses

Cross-border businesses providing services directly to individual users earn huge revenue from Vietnamese customers but they have not paid taxes to Vietnam. According to statistics of the Vietnam General Department of Taxation, tax revenue paid by Vietnamese enterprises signing advertising contracts with foreign organizations from 2018 to 2020 was VND3,082 billion, including VND770.6 billion in […]

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Cambodia: E-commerce tax comes into force from April

The Cambodian government started implementing the collection of value-added tax (VAT) for e-commerce transactions in Cambodia from the beginning of April 2022. Eng Ratana, Director of the Large Taxpayer Department of the General Department of Taxation, said in a recent workshop on e-commerce tax that the GDT started the implementation of VAT on e-commerce from […]

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