Indonesian digital asset traders will have to pay new taxes on their transactions starting this May, a tax official has revealed, even as the trading volume in the country soared to $60 billion in 2021. Directorate General of Taxes official Hestu Yoga Saksama announced the new taxes in a media briefing recently. The taxman will […]
Read MoreSOUTH-EAST Asia could see softer economic growth in 2022, as the Asian Development Bank (ADB) pared its full-year gross domestic product (GDP) forecast to 4.9 per cent, from 5.1 per cent previously. Growth is expected to pick up to 5.2 per cent in 2023, as the recovery is gaining momentum “in most of the sub-region’s […]
Read MoreThe Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in the country. The move comes as a number of countries in Southeast Asia enjoy the benefits of taxing tech giants that make earnings in their territory. Laos has quietly begun taxing non-resident e-commerce companies […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday. In addition to the RCEP free trade deal, Cambodia has bilateral free trade agreements with […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects job creation and wage offers to improve moving forward, as the passage of amendments to economic laws are seen enticing new investors into the Philippines. In an economic bulletin, DOF chief economist Gil Beltran said the changes made to the Foreign Investments Act (FIA), Retail Trade […]
Read MoreThe Vietnam Labor Federation has asked to increase the minimum wage from July 1, 2022, earlier than scheduled. Le Dinh Quang from the Vietnam General Confederation of Labor said that minimum wages have increased by 7.4 percent over the last five years, and if Vietnam increases them once after two years, it will be a […]
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