THE PHILIPPINES is “largely compliant” with international frameworks against tax fraud, according to the latest review of the Organization for Economic Cooperation and Development (OECD), even as it cited areas of concern. “This second-round report concludes that the Philippines is rated largely compliant overall,” which was the same rating in the 2013 first-round report, according […]
Read MoreDomestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government. The new decree highlights the government’s policy on SEZ development, requirements for their establishment, incentives granted to investors, one-stop service delivery, and the obligations of […]
Read MoreBANGKOK, 17 July 2018 (NNT) – Thailand’s Department of Foreign Trade (DFT) is introducing new Thai entrepreneurs to Cambodian businesses in Phnom Penh to create opportunities for trade with neighboring countries. The department is confident that the program will result in purchase orders worth at least 220 million baht. The delegation of over 100 Thai […]
Read MoreThe Cabinet yesterday approved a proposal to collect VAT from foreign|e-commerce and Internet platforms. It has also given the green light for the collection of a 7-per cent value added tax from foreign vendors and e-commerce platforms, said government spokesman Maj-Gen Sansern Kaewkamnerd. The taxes will apply to those selling goods and services on Internet […]
Read MoreMANILA, Philippines — Monetary policy responses to inflation were timely and appropriate amid calls for more forceful policy action, according to Bangko Sentral ng Pilipinas (BSP). In his speech during the 2018 mid-year economic briefing organized by the Institute of Corporate Directors, BSP Governor Nestor Espenilla Jr. said the successive rate hikes in May and […]
Read MoreCLOTHING and accessories topped the items for online purchases for consumers in the Sultanate, at 73 per cent, followed by travel and tourist services (50 per cent), cosmetics and healthcare (32 per cent), consumer electronics (31 per cent) and digital content such as apps (26 per cent). These were the findings of the first e-commerce […]
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