Indonesia has collected Rp 297 billion (US$20.9 million) from 22 digital technology companies under the new digital tax, the Finance Ministry’s Taxation Directorate General said Monday. The tax office has appointed dozens of technology companies and e-commerce platforms to be value-added tax (VAT) collectors in its efforts to tax digital business activity in the country. […]
Read MoreKUALA LUMPUR: Faced with inadequate retirement savings and longer life expectancy, Malaysians will eventually have to work longer beyond the current retirement age of 60, according to the World Bank and the minister in charge of economic affairs. The World Bank has called for the country’s minimum retirement age to be increased to 65, albeit […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has adopted a new money laundering and terrorist risk assessment framework for banks and other supervised financial institutions as part of efforts to avert the inclusion of the Philippines in the list of countries with massive sums of alleged dirty money by the Paris-based Financial Action […]
Read MoreThe Digital Economy and Society (DES) Ministry is seeking to have all e-commerce platforms registered with the Electronic Transactions Development Agency (ETDA) to ensure cybersecurity in this 3-trillion-baht industry. The call was made as DES Minister Buddhipongse Punnakanta yesterday held a meeting with representatives from e-commerce platforms Lazada, Shopee, JD, Shopback and Thailandpostmart along with […]
Read MoreWith regional nations racing to lower their taxes in order to woo more investment, which may dent their coffers, creating feasible policies for collecting taxes is expected to help reach their goals of attracting more high-quality funding. According to investment experts like Vu Tu Thanh, deputy regional managing director and senior country representative of the […]
Read MorePETALING JAYA: It is important for some countries to open their borders to support trade and recovery, although the shape and nature of recovery among the individual Asean members remain uncertain and can vary by country, senior fellow at Yusof Ishak Institute (ISEAS) in Singapore Dr Jayant Menon told a webinar. Dividing Asean’s Covid-19 pandemic […]
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