A Guide to Taxation in the Philippines - ASEAN Briefing
Jul 16, 2024 · The tax base of the 10 percent IAET is the taxable income of the current year plus income exempt from tax, income excluded from gross income, income subject to final tax, and the amount of net operating loss carry-over deducted.
An Overview of Indonesia’s Free Trade Agreements - ASEAN Briefing
Mar 28, 2023 · For South Korea, Indonesia is a potential production base, especially for automotives, petrochemicals, and steel. Automaker Hyundai is noted as being a significant investor in Indonesia and has recently invested US$1.5 billion to build an automotive plant to produce electric (EV) as well as combustion engine (ICE) vehicles.
Laos Implements Mandatory Bank Accounts for Foreign Investors
Feb 21, 2024 · The Bank of the Lao PDR (BOL), the country’s central bank, issued a new regulation that mandates foreign investors to open a local bank account, within 15 days of obtaining a business license.
The Guide to Thailand’s Import and Export Procedures - ASEAN …
Dec 26, 2016 · By Dezan Shira & Associates Editor: Harry Handley Since the implementation of the Foreign Business Act of 1999, foreign businesses set up in a range of industries in Thailand must have a Thai majority shareholder. One line of business that is exempt from this is import/export trading. This exemption, along with developed infrastructure and a solid legal framework, have made Thailand a hub for ...
The Philippines’ 12th Foreign Investment Negative List - ASEAN …
Oct 28, 2022 · The Philippines’ 12 th Regular Foreign Investment Negative List was issued in June 2022, providing foreign investors with greater access to the Filipino economy. The changes reflect the country’s desire to liberalize the investment environment and ably compete with neighbors in the fast-growing ASEAN economy.
Thailand’s Eastern Economic Corridor – What You Need to Know
Jun 29, 2018 · By Bradley Dunseith. On February 1, 2018, the Thai parliament approved the law for trade and investment in the Eastern Economic Corridor (EEC). With the EEC, Thailand hopes to develop its eastern provinces into a leading ASEAN economic zone.
Understanding the 13th Month Pay and Christmas Bonuses in the …
Nov 14, 2024 · When is the 13th-month pay given? Employers must provide the 13th-month pay by December 24 each year. Failure to meet this deadline can lead to penalties and interest on overdue payments as mandated by the Department of Labor and Employment (DOLE).
The Guide to Employment Permits for Foreign Workers in Indonesia
May 22, 2024 · For a local company to employ a foreign worker, they must prepare a Foreign Worker Utilization Plan (Rencana Penggunaan Tenaga Kerja Asing (RPTKA)) — a document that details the specific work, position, and length of employment the foreign employee will undertake in Indonesia.The RPTKA now also serves as the basis for …
Guide to Indonesia's Halal Certification - ASEAN Briefing
Feb 7, 2024 · Indonesia, home to the world’s largest Muslim population, has emerged as a pivotal player in the global halal industry. Targeting to become the world’s global Halal hub, the Indonesian government strives to ensure the availability of Halal products in the market.
Investment Hotspots in the Philippines: Promising Sectors to Watch
May 26, 2023 · The Philippines, being one of the most disaster-prone countries in the world due to its location in the Pacific Ring of Fire and subject to typhoons every year, has gradually shifted to high-value and high-yielding crops to boost production totals.