ASEAN Market Watch: Tech Taxes in Indonesia, Digital Policy in Thailand, and Singapore’s Manufacturing Uptake
In this week’s ASEAN Market Watch, we highlight planned taxation changes of tech companies in Indonesia, analyze the impact of emerging digital policy in Thailand, and discuss recent manufacturing data released by Singapore.
Remitting Profits in ASEAN – Part 1: Singapore and Malaysia
In part one of a three part series on the state of remittances in ASEAN, we explore regulations relevant to the remittance process and explore their application in two of ASEAN’s most developed economies – Singapore and Malaysia.
In Depth: The Singapore – Thai DTA
Singapore, long known for its exemplary investment climate and lucrative trading arrangements, continues to improve upon its competitiveness with the implementation of an updated Double Taxation Agreement (DTA) with Thailand. Here, we examine how companies can qualify for lowered withholding rates on their dividends, royalties, and interest payments.
The Guide to Corporate Establishment in Singapore
Renowned for its highly skilled workforce and competitive business environment, Singapore presents valuable entry point to ASEAN for those looking for a foothold in South East Asia. The following article outlines initial steps required to set up Representative Offices and Private Limited Companies (Pte Ltd) within the city state.
ASEAN Market Watch: slowing confidence in Singapore, Indonesian e-commerce, and declining investment in Thailand
This edition of ASEAN Market watch looks at declining investor confidence in Singapore, the rise of Indonesian e-commerce as well as the factors slowing foreign investment in Thailand.
ASEAN Market Watch: AEC Job Growth, Singapore’s Manufacturing Decline, and Pressures on Myanmar’s Currency
This edition of ASEAN Market watch looks at trends in job growth from the ASEAN Economic Community, declines in Singaporean manufacturing, and pressure on Myanmar’s currency.
Singapore Qualifies as ASEAN Hub for Fast Track Patent Applications
Singapore is the first nation in ASEAN qualified to accept and process fast track patent applications under the Patent Cooperation Treaty (PCT). The new services provide businesses a cost effective alternative to preexisting PCT offices.
Singapore Issues Further Updates to its FATCA Regulations
The Inland Revenue Authority of Singapore (IRAS) has released new information on its website relating to compliance with the Foreign Account Tax Compliance Act (FATCA).
Singapore’s Social Security Requirements – What a Foreign Employer Should be Aware of
Singapore has one of the world’s most transparent and honest retirement systems. Its mandatory social security system, the Central Provident Fund (CPF), strives to provide eligible contributors with a safe and secure retirement.
Singapore Releases Updated e-Tax Guide on GST and Attribution of Input Tax
The Inland Revenue Authority of Singapore (IRAS) has recently released an updated version of its e-Tax Guide on Goods and Services Tax (GST) and the Attribution of Input Tax. The new guide, which is intended for businesses that are GST-registered and make both taxable and exempt supplies, explains how a partially exempt business should attribute its input tax and also clarifies when input tax may be considered to be “directly attributable” to a supply.