MANILA, Philippines — The newly enacted tax reform law is expected to slash the government’s income tax collections by P10 billion a month, the Department of Finance (DOF) said yesterday. In a statement, Finance Secretary Carlos Dominguez III said the government is estimated to lose P10 billion in tax collections monthly due to the reduction […]
Read MoreThe Revenue Department will allow five department stores to offer value-added tax (VAT) refund services for foreign tourists as a pilot project, a move meant to offer convenience to international shoppers and encourage spending. With the tax refund service at department stores, foreign shoppers can claim a VAT refund at places where they buy products and services, […]
Read MoreSINGAPORE – Singapore’s headline inflation picked up in February but stayed muted, after having been flat the month before. The consumer price index – the main measure of inflation – rose 0.5 per cent in February compared to the same month a year ago, according to Department of Statistics data released on Friday (March 23). […]
Read MoreThe Hanoitimes – The signing and implementation of 20 new free trade agreements will accelerate production, trade and investment, thus creating a precondition for the strong growth of the logistics industry in the time to come, experts forecast. Nguyen Duy Minh, General Secretary of the Vietnam Logistics Association, said that the country’s logistics industry has surged […]
Read MoreFast Retailing Co, operator of the Uniqlo fashion brand from Japan, is set to expand further in Thailand after today’s official opening of Southeast Asia’s first Uniqlo roadside store on Phatthanakan Road in eastern Bangkok. Uniqlo Phatthanakan has a sales space of 1,440 square metres and expects to draw 2,000 visitors a day. The investment value […]
Read MoreThe Trade Ministry has found some importers to have misused the post-border check policy implemented in early February. Trade Ministry international trade director general Oke Nurwan said the “naughty” importers had misused the policy by not including valid documents and making false declarations about the goods they had imported. “We are investigating the case. It […]
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