Friday, 24 November 2017
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Tax & Revenue

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Retail Therapy at a Click? You'll likely have to pay GST soon

Yasmine Yahya predicts that goods and services tax (GST) could soon be levied on e-commerce purchases, as the government looks to diversify its tax base and capture value from this fast-growing sector.

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Fraudulent GST Claims put Company Director in Jail

Nov 16 - Chen Juncun (“Chen”), a director of advertising firm Citrus Lab Pte Ltd (“CL”) and commercial printing firm Citrus Productions Pte Ltd (“CP”), has been convicted of evading Goods and Services Tax (GST) by overstating input tax and making fictitious declarations to enable the companies to claim GST refund ...
Date: 16 November 2017; Type: Legal News; Source: Inland Revenue Authority of Singapore

Singapore to raise Taxes as Government Spending increases

  Singapore will be raising its taxes as government spending on investments and social services grows, said Prime Minister Lee Hsien Loong.
Date: 20 November 2017; Type: Legal News; Source: Singapore Law Watch

Government to allot 2% of Excise Revenue to Older Persons Fund

BANGKOK, Nov 18 (NNT) - Two percent of excise tax revenue will be deducted and allotted to the Older Persons Fund to help the elderly getting by on low incomes. According to Finance and Economics Adviser to the FPO Pornchai Teeravej, the Elderly Persons' Bill, which requires that an amount of 2% of excise tax from alcohol and tobacco that does not ...
Date: 18 November 2017; Type: Legal News; Source: National News Bureau of Thailand

Bessang Pass Endowments get Tax Relief

The House committee on ways and means chaired by Rep. Dakila Carlo Cua (Lone District, Quirino) approved the amended tax provision of a bill declaring the historic Bessang Pass Natural Monument (BPNM) in Cervantes, Ilocos Sur a protected area.
Date: 13 November 2017; Type: Tax News; Source: House of Representatives

PT Garansindo Automobile v Direktur Jenderal Bea dan Cukai

Date: 19 June 2017; Court: Supreme Court of Indonesia; Citation: SC No. 1083 B/PK/PJK/2017; Source: Supreme Court of Indonesia

Cabinet allows Local Administrations to incur debt, supports Tax Measures for Gold Futures

BANGKOK, Nov 15 (NNT) - The Cabinet has agreed to allow Local Administrative Organizations to incur binding debt and request budget for economic and community infrastructure development projects until March 30 of next year to help offices with pending projects.
Date: 15 November 2017; Type: Tax News; Source: National News Bureau of Thailand

Donations to eye screening for Kinders to be Tax-Free

The House committee on ways and means chaired by Rep. Dakila Carlo Cua (Lone District, Quirino) has approved a provision of a bill on eye screening for kindergarten pupils that exempts from tax donations to the program.
Date: 10 November 2017; Type: Legal News; Source: Philippine News Agency

Bill of the Income Tax (Amendment) Act 2017

This Bill seeks to amend the Income Tax Act 1967 (“Act 53”).
Date: 04 November 2017; Type: Federal Bill; Citation: DR 42 of 2017; Source: Parliament

Direktur Jenderal Pajak v PT Johnson Home Hygiene Product

Date: 14 June 2017; Court: Supreme Court of Indonesia; Citation: SC No. 587 B/PK/PJK/2017; Source: Supreme Court of Indonesia

Direktur Jenderal Pajak v PT Karya Tanah Subur

Date: 14 June 2017; Court: Supreme Court of Indonesia; Citation: SC No. 586 B/PK/PJK/2017; Source: Supreme Court of Indonesia

Carmen Copper Corporation v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8834; Source: Court of Tax Appeals

Bases Conversion and Development Authority v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8966; Source: Court of Tax Appeals

Foseco Philippines Inc v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8879; Source: Court of Tax Appeals

Higher Fuel Import Taxes to be tabled

The Myanmar Fuel Oil Importers and Distributers Association will submit the parliamentary proposal urging the government to raise the Special Commodities Tax on fuel imports, U Win Myint, secretary of the association, told The Myanmar Times.
Date: 10 November 2017; Type: Tax News; Source: Myanmar Times

Revised Laws the Key to boosting Revenue Collection

Eleven laws will be enacted by 2020 to facilitate revenue collection while also plugging loopholes that could lead to fiscal leaks.

Vehicle Owners Face Doubling of Road Tax Governmentt orders Cut in Lotteries Value-added Tax to replace Guesswork in raising Revenue from SMEs more

Higher Fuel Import Taxes to be tabled

The Myanmar Fuel Oil Importers and Distributers Association will submit the parliamentary proposal urging the government to raise the Special Commodities Tax on fuel imports, U Win Myint, secretary of the association, to ...

New Rules, Incentives will boost Taxpayer Numbers Mandalay Entrepreneurs to need Tax Clearance before getting Work Permits Effective Policy needed to tax Income from Digital Advertisements more

Bessang Pass Endowments get Tax Relief

The House committee on ways and means chaired by Rep. Dakila Carlo Cua (Lone District, Quirino) approved the amended tax provision of a bill declaring the historic Bessang Pass Natural Monument (BPNM) in Cervantes, Iloco ...

Donations to eye screening for Kinders to be Tax-Free Carmen Copper Corporation v Commissioner of Internal Revenue Bases Conversion and Development Authority v Commissioner of Internal Revenue more

Retail Therapy at a Click? You'll likely have to pay GST soon

Yasmine Yahya predicts that goods and services tax (GST) could soon be levied on e-commerce purchases, as the government looks to diversify its tax base and capture value from this fast-growing sector.

Fraudulent GST Claims put Company Director in Jail Singapore to raise Taxes as Government Spending increases Income Tax (Exemption and Concessionary Tax Rate for Income from General Business) Regulations 2017 more

Government to allot 2% of Excise Revenue to Older Persons Fund

BANGKOK, Nov 18 (NNT) - Two percent of excise tax revenue will be deducted and allotted to the Older Persons Fund to help the elderly getting by on low incomes. According to Finance and Economics Adviser to the FPO Pornc ...

Cabinet allows Local Administrations to incur debt, supports Tax Measures for Gold Futures Cabinet greenlights 23-Day Tax Incentive for Shoppers PM Prayut: Finance Ministry to consider Tax Break Measure for New Year more

Industry Updates

Request for Feedback on Issues relating to Pekeliling Ketua Pendaftar Bil 2 Tahun 2017

The Bar Council Court Liaison Committee ("CLC") is requesting for Members to provide their feedback on issues faced since the coming into effect of Pekeliling Ketua Pendaftar Bil 2 Tahun 2017: Garis Masa (Timeline) Penyelesaian Kes Jenayah dan Sivil Bagi Mahkamah Rendah, pertaining to timelines for the completion of criminal and civil cases heard at the Subordinate Courts across Peninsular Malaysia.

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EC to request Clarity about Next Election from Constitutional Court

BANGKOK, Nov 22 (NNT) - The Election Commission plans to ask the Constitutional Court for clarification about its authority to hold the next general election.

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Industry Updates

ETDA to produce 12,000 Cyber Security Experts by 2021

BANGKOK, Nov 23 (NNT) - The Electronic Transactions Development Agency (ETDA) and leading institutions in the country have banded together to develop cyper security personnel for the Thailand 4.0 digital era.

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Industry Updates

No Reports of Terrorism Financing using Digital Currency in Malaysia - Bank Negara

KUALA LUMPUR, Nov 23 (Bernama) - No cases have been detected in Malaysia of the use of digital currencies for terrorism financing, said Director of Financial Intelligence and Enforcement of Bank Negara Malaysia, Abd Rahman Abu Bakar.

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Industry Updates

Government winning War against Contractualization - Bello

The labor department is winning the war to eliminate labor-only contacting and other forms of illegal contracting arrangements, Labor Secretary Silvestre Bello III said yesterday.

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Industry Updates

Attorney General to resurrect Court Cases against Thaksin Shinawatra

BANGKOK, Nov 22 (NNT) - The Office of the Attorney-General is planning to resurrect two cases against former Prime Minister Thaksin Shinawatra as allowed by the new anti-corruption law.

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Industry Updates

Roque is concurrent Presidential Adviser on Human Rights

MANILA, Nov 22 (PNA) - Presidential Spokesperson Harry Roque has been appointed by President Rodrigo Duterte as concurrent Presidential Adviser on Human Rights.

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Industry Updates

KL Court Director meets Court Reporters to improve Ties

KUALA LUMPUR, Nov 22 (Bernama) - Kuala Lumpur Court Director Ahmad Kamar Jamaludin today convened a meeting with court reporters from various media organisations to improve ties and discuss issues related to court reporting.

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Industry Updates

MIDA to help SMEs Gain Access to Global Market

KUALA LUMPUR, Nov 22 (Bernama) - The Malaysian Investment Development Authority (MIDA) aims to create opportunities for small and medium enterprises (SMEs) to access the global market and encourage multinational corporations (MNCs) to utilise local products and services.

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Industry Updates

House to work on Priority Bills during SC Chief Impeach Proceedings

House leaders today assured that Congress will remain focused on passing its remaining legislative priorities for the year and will not be distracted by the hearings of the committee on justice on the determination of probable cause of the impeachment complaint filed against Supreme Court Chief Justice Maria Lourdes Sereno.

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Industry Updates

Sussing out Weak Links in Cyber Defence

Cyber Security Agency Chief says that the new bill doesn't give agency broad powers to oversee every computer in Singapore, but are only linked to cyber security events.

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Industry Updates

BoT allows Five Banks to operate E-Payment QR Codes

BANGKOK, Nov 18 (NNT) - The Bank of Thailand (BoT) has allowed five financial institutions to fully operate their National E-Payment services from today.

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