A new China tax incentive aims to encourage companies to invest in digital and smart upgrades of special equipment. Companies upgrading certain equipment that aids environmental protection and safe production can enjoy a deduction of the investment at a rate of 10 percent from their corporate income tax payable. We explain the requirements of the … Read more
The taxation policy in the Philippines is chiefly governed by the following Republic Acts: The Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act) Tax Reform for Acceleration and Inclusion (TRAIN) Law Article VI, Section 28 of the Constitution; The National Internal Revenue Code; and Local Government Code of 1991. Tax structure The country … Read more
Vietnam’s draft Corporate Income Tax (CIT) Law proposes changes to incentive eligibility, taxation on capital transfers by foreign investors, and aims to address limitations hindering integration with international best tax practices. Investors and businesses planning market entry or expansion should closely monitor the draft CIT law’s development and prepare for potential impacts on their strategies … Read more
A pedestrian leaves the entrance of the headquarters of the Federal Board of Revenue (FBR) building in Islamabad — AFP/File Focus on growth, not taxes. Vietnam’s standard corporate tax rate is 20 per cent and preferential tax rates are as low as 10 per cent, depending on factors like investment size and location. High-tech enterprises … Read more
Cabinet on Wednesday decided to revoke the Cypriot citizenship of Malaysian-born Jho Low, an internationally wanted fugitive.Though the decision was taken last year, Low filed an appeal prompting an independent committee to re-examine the case. Government sources told the Cyprus Mail the committee decided to reject the appeal, prompting the interior minister to put the … Read more
The text discusses the debate surrounding company tax cuts in Australia, with Industry Minister Ed Husic suggesting that corporate tax reform or investment allowances for manufacturing capital should be considered. However, the text highlights that recent data shows a rise in investment in Australia, particularly in data centres, infrastructure, and energy, driven by the services sector. This surge in investment contradicts the narrative that company tax cuts are necessary to encourage business investment.
Authorities are close to completing an investigation into how Malaysian fugitive Jho Low obtained Cypriot citizenship in 2015. Low, wanted for allegedly embezzling billions from Malaysia’s 1MDB fund, acquired a Cypriot passport through the country’s citizenship by investment program. The investigation involves an international arrest warrant and the potential confiscation of a villa Low purchased in Ayia Napa. Despite initial delays, Low’s citizenship was revoked in May 2023, leading to an appeal filed with the Supreme Court. Low denies wrongdoing and his whereabouts are unknown.
One passenger died from a suspected heart attack and 30 others were injured when a Singapore Airlines flight from London to Singapore encountered severe turbulence, prompting the plane to divert to Bangkok.
Elon Musk arrived in Bali to launch SpaceX’s Starlink internet service in Indonesia. The government hopes this will improve internet access and health services in remote areas. Musk will collaborate with Indonesian officials and President Joko Widodo for the launch. Starlink has already secured a permit to operate in Southeast Asia’s largest economy. It is also used in Ukraine for military, hospitals, businesses, and aid organizations.
Fact: Remote work has gained popularity in recent years, leading to the creation of Digital Nomad Visas in various countries.