Other Briefings
ASEAN +3 Bolsters Financial Assistance in the Region
An expanded financial assistance pool among the ASEAN +3 nations was implemented last week, strengthening financial cooperation within the region.
Malaysia Announces Transfer Pricing Awareness Survey
In a recent effort to collect more data on related party transactions and transfer pricing compliance, the Inland Revenue Board (IRB) has announced that it will start issuing transfer pricing awareness surveys before the commencement of a transfer pricing audit.
Singapore Boosts Information Technology Cooperation with South Korea
Small and medium sized information technology companies in South Korea and Singapore can look forward to more opportunities for cooperation and growth as the two countries inked a Memorandum of Understanding on Information and Communications Technology collaboration last Friday.
Cambodia Reports Strong Business Growth
According to Cambodia’s Ministry of Commerce, the number of newly registered businesses has increased by 33 percent over last year, including a strong contingent of foreign enterprises.
Myanmar Establishes New Special Economic Zone
Plans are currently underway to develop a new special economic zone in Myeik. Located in Myanmar’s southeastern Tanintharyi region, Myeik is home to one of Myanmar’s growing number of industrial zones.
Singapore and Seychelles Sign Double Tax Agreement
The Inland Revenue Authority of Singapore has announced that Singapore and the Seychelles have signed an Agreement for the Avoidance of Double Taxation on July 9, 2014.
Transfer Pricing in Malaysia: Past, Present and Future
Transfer pricing continues to be an important issue for the Inland Revenue Board (IRB) in Malaysia.This article discusses recent developments in transfer pricing in Malaysia and advises taxpayers operating in Malaysia on how to prepare for scrutiny by the IRB.
Tax Exemptions on Foreign Income for Singapore-Based Companies
According to the Inland Revenue Authority of Singapore, a Singapore tax resident can enjoy tax exemption on specified foreign income that is remitted into Singapore.
New ASEAN-RCEP Talks Held in Singapore
Leaders of 16 Asia-Pacific nations gathered in Singapore last week for the fifth round of negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP).
Thailand’s GDP Growth Forecast Raised to 2.3 Percent for 2014
Thailand is expected to experience 2.3 percent economic growth in 2014, according to a revised forecast by Kasikorn Research Center.
