The government policy to cut the income tax for small and medium enterprises (SMEs) from 1 percent to 0.5 percent has been in effect since July 1, and a tax official has said the facility can be enjoyed starting Aug. 1 on the previous month’s sales. The reduced income tax facility applies to SMEs with maximum annual sales of […]
Read MoreFinance Minister Sri Mulyani Indrawati has said the ministry would study a request made by Tourism Minister Arief Yahya, to revise down the minimum amount tourists would need to spend in a store to get a tax refund. “We will study the request for a revision of the tax refund regulation,” Sri Mulyani said in Jakarta on […]
Read MoreMANILA, Philippines — The World Bank on Tuesday welcomed President Rodrigo Duterte’s approval of a much-awaited law that will grant more autonomy to the country’s predominantly Muslim region to end decades-long conflict in troubled parts of Mindanao. Duterte last week greenlighted the Bangsamoro Organic Law, which would implement the 2014 peace agreement between the government and the Moro […]
Read MoreThe Revenue Department says the draft bill on revocation of the value-added tax (VAT) exemption for online purchases of goods worth less than 1,500 baht from vendors outside of Thailand that are shipped by mail will be ready soon. The draft bill is being considered by the Revenue Department and will establish a system to facilitate […]
Read MoreIncreases in oil and gas production in the first quarter of 2018 have boosted Brunei’s gross domestic product (GDP) by 2.5% to BND 4.38 billion. According to statistics released by the Department of Economic Planning and Development (JPKE) yesterday, liquified natural gas production was up by 12% compared to the same period last year; from 952.2 thousand […]
Read MoreSINGAPORE: A big drag on Singapore’s growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren’t betting on a return to the glory days anytime soon. The industry, along with a top-class finance sector, has been a key pillar of Singapore’s economic transformation into a […]
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Thailand
