The Taxation Directorate General has revoked a regulation on individual income tax to simplify the tax calculation process and ensure legal certainty. Tax office spokesman Hestu Yoga Saksama said Taxation Regulation (Perdirjen) No. 14/2019, issued on July 3, to revoke Perdirjen No. 32/2010 on individual income tax collection for certain businesses. The 2010 regulation was a derivative […]
Read MoreSINGAPORE – If the leverage limit for Singapore real estate investment trusts (S-Reits) is raised above the current 45 per cent limit, debt markets can no longer take a “broad-brush” approach and assume S-Reits are “low-risk”. Instead, Reits need to be assessed on a case-by-case basis as the financial discipline of their managers is crucial, said OCBC […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s overall inflation rate to accelerate to 1.6% in June (May: 0.2%), fuelled by the low-base effects arising from the removal of the Goods and Services Tax (GST) last year. It said on Monday the inflation rate had plunged to 0.8% in June 2018 after the removal of the GST, […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) will push for the approval of higher excise taxes on electronic cigarette and vaping products in the 18th Congress, a top official said over the weekend. In a text message to reporters, Finance Secretary Carlos Dominguez said the DOF is planning to submit a proposal to the […]
Read MoreThe Hanoitimes – VAFI estimated that around 80 percent of existing business lines with foreign ownership caps should be removed. The Ministry of Planning and Investment’s latest draft bill on the amendments of the Law on Investment and the Law on Enterprises is designed to further advance the country’s investment environment for firms, including foreign […]
Read MoreThe strong baht has cut the value of the foreign investment fund (FIF) under fund management, falling by Bt27 billion from Bt1.2 trillion at the start of the year, TMB Bank said. TMB said the drop reduced the fund’s return by 0.47 per cent. The least impacted funds are those covering oil investment, gold, and […]
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Thailand
