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.
ASEAN’s Free Trade Agreements: An Overview
It is important for foreign investors to understand ASEAN’s free trade agreements (FTAs) to capitalize on the bloc’s long-term potential. These FTAs offer numerous benefits such as tax holidays, improved custom clearances, and reduced import costs.
The Guide to Employment Permits for Foreign Workers in the …
Jul 12, 2022 · Alien certificate of registration; Applicant’s passport; and. Other documents are supporting the employment of the applicant. Treaty trader’s visa or 9 (D) visa. A 9 (D) Visa or Treaty Trader’s Visa is for foreign nationals belonging to countries that have a bilateral trade agreement with the Philippines.
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’ Relationship With ASEAN - ASEAN Briefing
Mar 22, 2017 · About Us. Bob Shead is Asia Briefings Philippines Correspondent and is based in Manila. He has 25 years experience as a diplomat in Asia. Asia Briefing is produced by Dezan Shira & Associates, a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to ...
Import and Export Procedures in the Philippines – Best Practices
Jun 23, 2017 · The Philippines is an archipelago comprising of 7,641 islands. The country shares maritime borders with China, Indonesia, Japan, Malaysia, Taiwan, Vietnam, and the island nation of Palau. In 2015, the Philippines exported goods valued at US$77.9 billion and imported products worth US$76.8 billion. The Philippines’ top export destinations are ...
A Guide to Taxation in Indonesia - ASEAN Briefing
Feb 1, 2023 · Indonesia’s parliament approved the Harmonized Tax Law (HTL) or Law No. 7/2021, which overhauls the country’s existing tax structure. Changes include an increase in the value-added tax (VAT) rate, a new carbon tax, scrapped plans to reduce the corporate income tax (CIT), and changes to the topline personal income tax (PIT) rate.
Import and Export Procedures in Indonesia – Best Practices
Jul 1, 2021 · NIB/import permit; and. Customs import declaration. Import tariff and taxes. Customs duties in Indonesia vary from 0 to 170 percent, with most imported items attracting duties in the range of 0 to 15 percent. The amount of duty depends on the type of goods imported, based on the product’s HS code. Find Business Support.
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 …
Rules of Origin Criteria of ASEAN’s Free Trade Agreements
Jan 4, 2018 · This article is an excerpt from the November 2017 issue of ASEAN Briefing magazine, titled “ASEAN’s FTAs and Opportunities for Foreign Businesses” In this issue, we provide an introduction to some of ASEAN’s FTAs and how foreign investors and exporters can maximize opportunities in this dynamic region. We also discuss the salient features of each FTA and the overall benefits they offer.