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Indonesia, EFTA sign long delayed free trade deal

JAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]

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Thailand: Scant few eligible for VAT return scheme

A meagre 360,000 of the 11.4 million recipients of the government’s welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month.  The small number was attributed to only a handful of Thong Fah Pracha Rat shops participating in the programme, […]

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