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Cambodia: New tobacco tax stamp features disseminated

A joint working group of the General Department of Taxation (GDT) and General Department of Customs and Excises (GDCE) have presented features of the new stamp tax to vendors in prime locations across the country, said a press statement. The statement released last week by the GDT pointed out that the dissemination and presentation of […]

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Philippines: Pressure on peso weakening as trade gap narrows

MANILA, Philippines — Dutch financial giant ING expects a diminishing strain on the Philippine peso as the country’s trade deficit is anticipated to contract from its previous record highs. According to Nicholas Mapa, senior economist at ING, the current trade deficit trends indicate that the Philippines is unlikely to reach the historically high level of […]

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Laos to benefit from reduced tariffs through RCEP

Anhui, China: Laos will benefit from a reduced tariff policy implemented by the Chinese government after the Regional Comprehensive Economic Partnership (RCEP) comes into full effect. The governments of Laos and China are now negotiating the percentage by which tariffs will be reduced, Vice President of the Lao Front for National Development, Mr Chanthavong Seneamatmontry, who […]

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Vietnam: Informal expenses for customs clearance decline

Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VNĐ3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report. HÀ NỘI — Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur […]

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