New requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to halt or be encouraged to turn to other businesses, according […]
Read MoreForeign-based online accommodation booking services will be the next to be targeted by Vietnamese tax authorities in an effort to improve fair competition for local businesses. At the end of 2016, Vntrip.vn – a Vietnamese online hotel booking site – publicly accused its rival Agoda.com of having avoided performing its tax duties in Vietnam despite […]
Read MoreA two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. According to a sub-decree published yesterday, the decision to offer a tax exemption for SMEs that are willing to register, and thus fulfill their tax obligation, is to […]
Read MoreTEMPO.CO, Jakarta – Finance Ministry will examine mining companies’ income tax returns. Local governments will also be involved in the process. Finance Minister Sri Mulyani Indrawati said that the ministry will work closely with the Energy and Mineral Resources Ministry and the Home Affairs Ministry, who will supply the database of mining companies in Indonesia. […]
Read MoreSINGAPORE’S January headline inflation climbed to 0.6 per cent year on year – in line with economists’ expectations – due to a hike in the cost of oil-related items, a smaller drop in car prices, and higher services inflation. Core inflation (which excludes the cost of accommodation and private road transport) also rose to 1.5 […]
Read MoreSINGAPORE – Singapore logged its second consecutive month of positive inflation in January, on the back of gradually recovering oil prices The consumer price index – the main measure of inflation – rose 0.6 per cent last month compared with the same month a year ago, according to figures released by the Singapore Department of […]
Read More
Thailand
