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Thailand: Wage hike to give SMEs tax windfall

Small and medium-sized enterprises (SMEs) with annual sales of up to 100 million baht in 17 provinces where the daily minimum wage will be raised by an average of five baht will enjoy a double windfall from the government’s measure that lets them deduct expenses for minimum wages. The tax deduction is 1.15 times expenses, […]

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Indonesia: Government revises tax incentive regulation

The government is revising a regulation on tax holidays and tax allowances to simplify the procedures to obtain such facilities in hopes of garnering interest from businesspeople. Industry Minister Airlangga Hartarto blamed complicated procedures for the reluctance of businesspeople to apply for the facilities. “Obtaining the incentives is not simple,” said Airlangga in Jakarta on Wednesday as quoted […]

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