The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year’s figure. A report by the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade showed that with 53 per cent of the population participating in online shopping, the e-commerce market in Vietnam grew […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) exceeded its excise tax collection target from tobacco in February after Japan Tobacco International (JTI) Philippines more than doubled the amount of taxes paid during the review period. In a report to the Department of Finance, Internal Revenue Deputy Commissioner Arnel Guballa said excise tax collections […]
Read MoreSINGAPORE – Development charges (DC) for commercial land have decreased, while residential rates have risen with the largest increases in prime areas such as Orchard Boulevard, Stevens Road, River Valley Road and Bukit Timah Road. DC rates for commercial land use were adjusted down by 1.5 per cent on average in the latest half-yearly review […]
Read MoreThe Excise Department is considering freezing the step-up hike of the excise levy placed on drinks with a sugar-based sweetener to reduce business operators’ financial burdens. The amended excise tax structure on beverages came into force in 2017, adding a levy to sugar-based sweeteners on top of the excise duty charged on beverages. The added […]
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Thailand
