MANILA, Philippines — The government is bent on capturing the digital economy into the country’s value-added tax (VAT) base even as the international community has not yet agreed on the taxation of cross-border digital transactions, according to the Department of Finance (DOF). In a text message to reporters, Finance Secretary Carlos Dominguez said the Philippines […]
Read MoreKUALA LUMPUR, June 4 — The Covid-19 pandemic, which has caused major disruptions to the global supply chain, has dragged Malaysia to record a trade deficit of RM3.5 billion in April 2020, after 269 consecutive months of surplus on account of higher contraction in exports compared to imports. During the reviewed month, exports contracted by 23.8 per cent […]
Read MoreThe government is speeding up the tourism development plan for the country’s west, northwest provinces and around the Tonle Sap River, according to the Ministry of Tourism. The ministry said a discussion about a tourism road map book in the region was made during a meeting on Tuesday in Banteay Meanchey province with participants from […]
Read MoreThe Hanoitimes – Greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by under-performing tax collection. While the Vietnamese economy has reacted quickly to the easing of domestic restrictions by recording a 10% increase in manufacturing and retails sales during May, yet, […]
Read MoreThe coronavirus pandemic is taking a heavy toll on numerous startups as they struggle to gain customers and funding prospects dry up. Some investment pundits even project up to half of startups in pre-Series A funding are likely to disappear following the Covid-19 era. The pandemic is expected to shed at least 20% of venture […]
Read MoreBrunei passport holders have free access to 166 countries and territories and scored high in terms of taxation. But more needs to be done in personal freedom and global perception. The Sultanate ranked 47th globally among 199, said a report released by Nomad Capitalist on Tuesday. The Global offshore consulting firm ranked 199 economies in […]
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