A Guide to Taxation in the Philippines - ASEAN Briefing
WEBJul 16, 2024 — The CIT of 25 percent is levied on net income on all sources. Non-resident companies are taxed only on their Philippine-sourced income. Domestic companies are taxed on their worldwide income. The Ease of Paying Taxes Act, also known as Republic Act No. 11976, became effective on January 22, 2024.
ASEAN’s Free Trade Agreements: An Overview
WEBAug 20, 2021 — Doing Business. 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. ASEAN could become the world’s fourth-largest economy by 2030, comprising ...
Business, Legal, Tax, Investment, Accounting News | ASEAN Briefing
WEBASEAN Briefing has developed into a premium source for insight on doing business in ASEAN. It publishes business news concerning foreign direct investment into ASEAN, including the most important tax, legal and accounting issues. The ASEAN Briefing Magazine was first published in 2009, and is contributed to …
Rules of Origin Criteria of ASEAN’s Free Trade Agreements
WEBJan 4, 2018 — RELATED: Pre-Investment and Market Entry Advisory from Dezan Shira & Associates. RVC requires that a certain percentage of the good’s value must originate in a FTA member country for the good to be considered as originating. Under ASEAN’s FTAs, this percentage is generally 40 percent of the Free on Board (FOB).
The Guide to Thailand’s Import and Export Procedures - ASEAN …
WEBDec 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 Guide to Employment Permits for Foreign Workers in the …
WEBJul 12, 2022 — The most common type of work visa issued in the Philippines is the 9 (G) visa, also known as the Pre-arranged Employment Visa. It allows employers in the country to employ foreign nationals with skills, qualifications, and experience that may be in short supply in the country. The issuance of the 9 (G) visa falls within the competencies of the BI.
Economic Indicators and Indonesia's GDP, FDI, and Trade Trends
WEBGDP had accelerated to 5.31 percent in 2022, bringing Southeast Asia’s largest economy back to pre-pandemic growth. The pace of growth in 2022 was largely supported by Indonesia’s large domestic consumption and further bolstered by the export of commodities as global prices of key shipments, such as coal, palm oil, and iron, rallied upwards.
The Guide to Employment Permits for Foreign Workers in Indonesia
WEBMay 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 the MOM to grant visas and stay permits.
Import and Export Procedures in the Philippines – Best Practices
WEBJun 23, 2017 — 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 China, Japan, the United States, and Singapore; and the country’s top import partners are China, Japan, Korea, the United States, and Thailand. In this article we explain best practices ...
An Overview of Indonesia’s Free Trade Agreements - ASEAN Briefing
WEBMar 28, 2023 — It also allows for back-to-back shipment of goods between member countries, third-party invoicing of goods, and ASEAN cumulation. Free trade agreements will play an increasingly important role in Indonesian exports, which could rise to US$300 billion in 2024, an increase from the US$268 billion recorded in 2022.