MANILA, Philippines — The newly enacted tax reform law may raise inflation by 0.7 percentage points in the first year of its implementation, a level which is considered “minimal and manageable,” according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said the Tax Reform for Acceleration and Inclusion (TRAIN) Act—particularly the provision […]
Read MoreFinance Ministry’s Directorate General of Taxation introduced on Wednesday a tax data integration system that aims to improve taxpayer data transparency, with state-owned energy company Pertamina becoming the first participant of the system. Minister Sri Mulyani Indrawati said in Jakarta on Wednesday that with the system, all transactions would be quickly recorded and carried out […]
Read MoreSpeculation has been rife over the level of duties involved in the import and export of gold since the trade was liberalised last month, allowing gold to move freely in and out of the country via air, sea and border routes. Although the authorities have yet to make any announcements, industry insiders reckon a 15 percent […]
Read MoreThe cabinet on Tuesday approved a combined 6.34 billion baht for projects to facilitate the ease of doing business and upgrade the country’s competitiveness. Nathporn Chatusripitak, a spokesman for Prime Minister Somkid Jatusripitak, said of the total, 3.29 billion baht will be set aside for the Science and Technology Ministry, 2.25 billion for the Digital […]
Read MoreSoutheast Asia’s strong exports and consumption, which helped sustain rapid growth throughout the region in 2017, are in a delicate spot as demand for electronic parts falls and interest rate hikes threaten to cool spending. Last year, Vietnam and Thailand enjoyed their highest rates of growth in gross domestic product in the past decade and […]
Read MoreFinance Minister Sri Mulyani Indrawati has said several regulations are being revised to provide more tax incentives to businesspeople interested in investing in the country. She said in Jakarta on Tuesday that the four incentives were in the form of tax allowances, tax holidays, tax deductions for small and medium enterprises (SMEs), as well as incentives for […]
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Thailand
