Consumers will have to pay a 5 percent commercial tax when buying mobile handsets and related accessories from June 1 onwards, the Internal Revenue Department (IRD) announced on April 1. The taxes will be levied based on the total sales value of the purchase and collected by the vendor. Consumers will receive a stamped voucher to […]
Read MoreIt is tax season again. With the annual deadline for filing income tax returns on April 15 fast approaching and amendments to the Tax Code taking effect, the changes in our tax landscape might seem like a complicated puzzle for taxpayers. Along with the changes brought about by TRAIN are updated annual income tax returns. […]
Read MoreVIETNAMESE companies should further invest in and trade with Asean member countries like Myanmar, Thailand, Laos, and Cambodia, a forum heard in Ho Chi Minh City on Thursday. Vietnam Chamber of Commerce and Industry (VCCI) vice-president Vo Tan Thanh told the Southeast Asia Outbound Investment Forum: “Thailand is Vietnam’s largest trading partner among Asean countries, […]
Read MoreMANILA, Philippines — The Indonesian government is easing restrictions on Philippine agricultural exports as both countries seek to strengthen bilateral relations. Agriculture Secretary Emmanuel Piñol said Indonesia has officially lifted restrictions on local fruit exports. “They already issued the certificates today, removing all the restrictions for the export of banana and other fruits because their […]
Read MoreThe Bank of Thailand could implement new measures to supervise auto loans in a bid to control the country’s elevated household debt. If the central bank’s examination team finds auto lenders are using relaxed loan criteria, it could adopt new measures to control the loan quality of this business segment, said governor Veerathai Santiprabhob. The central […]
Read MoreCOMPANIES unsure of how to embark on their Industry 4.0 transformations now have a clearer guide in the form of a Prioritisation Matrix planning tool developed by the Economic Development Board and its knowledge partners. Launched by Senior Minister of State for Trade and Industry Koh Poh Koon at the Hannover Messe tech show on […]
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