As financial market meltdowns in Argentina and Turkey spread through global emerging markets, Indonesia is feeling the pain more than its peers in Asia. The rupiah slumped to its weakest level against the dollar since the 1998 Asian financial crisis, prompting the central bank to step up its efforts to stabilize the currency. Bank Indonesia has been […]
Read MoreThe Taxation Directorate General will spy on people’s activities through social media in trying to boost tax revenue, an official has said. “Social media covers wide range of activities […] We still need to prepare the infrastructure to support the plan,” Taxation Directorate General communication and information technology transformation director Iwan Djuniardi said in Jakarta […]
Read MorePETALING JAYA: The sales and services tax (SST) regime is likely to have an impact on the earnings of manufacturers and importers while healthcare and building material companies are among the major beneficiaries. Under the SST system, which will begin from Sept 1, several manufacturers and importers would have to pay up to 10% tax rate in comparison with the 6% rate under the previous […]
Read MoreThe Bank of Thailand is giving the baht — the most-loved emerging-market currency this month — one more reason to keep up its outperformance. Piggybacking on a strong current-account surplus, the baht has braved developing-market doldrums and topped returns among 24 currencies tracked by Bloomberg. It is also the sole gainer in Asia this quarter. […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has released the guidelines for the imposition of excise tax on sugar-sweetened beverages, pursuant to the Tax Reform for Acceleration and Inclusion (TRAIN) Act. The BIR issued Revenue Regulations 20-2018, dated July 25, 2018 and signed by Finance Secretary Carlos Dominguez and Internal Revenue commissioner Caesar […]
Read MoreThe Hanoitimes – The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a […]
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Thailand
