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 […]
Read MoreEven as the temperature in Cambodia soars, many people are reluctant to use air conditioners for the fear of getting a higher monthly electricity bill. So much so, even industry leaders are looking forward to getting some favourable approach from the government to compete with different players in the region Actuary Rajivan has been living […]
Read MoreThe land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister Arkhom Termpittayapaisith. He said this is the last year the land and building tax law offers such a discount to landowners. The law took effect in 2020 and offers […]
Read MoreCross-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 […]
Read MoreThe 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 […]
Read MoreThailand’s outbreak of the Omicron coronavirus variant could have a larger and more prolonged impact than expected on an economic recovery, according to minutes of the central bank’s last policy meeting released on Wednesday. Although, under the baseline scenario, the Omicron outbreak would not derail the overall Thai economic recovery, the outbreak situation remained highly […]
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