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Myanmar: MRF, IRD to discuss withholding tax

The Myanmar Rice Federation (MRF) is going to negotiate with officials from the Internal Revenue Department (IRD) about withholding tax on high-income agri-businessmen, U Nay Lin Zin, joint secretary of Myanmar Rice Federation, told The Myanmar Times. The IRD is preparing procedures to levy WHT on agri-businesses with an income of K500,000 and above after deductions, […]

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Malaysia’s April exports surge 20.6% y-o-y

KUALA LUMPUR — Malaysia’s export growth surged again in April, though at a slightly slower pace compared to the previous month, government data showed on Monday. April’s exports rose 20.6% from a year earlier, the fifth straight month of double-digit growth. The pace was just below the 22.3% growth forecast in a Reuters poll and […]

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Cambodia: Business outlook still positive

Cambodia’s business environment retained a positive outlook during the commune elections held yesterday, with several experts saying they expected the Kingdom’s economy to benefit from continued political stability. Despite at times heated rhetoric and threats of violence, political campaigning leading up to the commune elections remained peaceful and without any major altercations, with unofficial preliminary […]

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Indonesia: Taxpayers’ Finance Information Accessible Since May 31

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati signed a Minister’s Decree on the government’s access to taxpayers’ financial records as an implementation of Government Regulation No 1/2017 on the access to financial data for taxation purposes. Sri Mulyani explained that the regulation is an implementation of a policy on automatic exchange of information (AEoI) for […]

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Philippines, Indonesia agree to open up banking

MANILA, Philippines – The Philippines and Indonesia are set to ink an agreement this weekend to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said a letter of intent (LOI) on the […]

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