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CTA orders Issuance of Tax Credit to Car Assembly Firm

MANILA, Jul 3 (PNA) - The Court of Tax Appeals (CTA) has ruled in favor of a petition filed by a local car assembler and ordered the issuance of a tax credit certificate (TCC) to the company.

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Government preparing Tax Incentives for Green Property Developer

PETALING JAYA, Jun 27 (Bernama) - In a bid to promote the usage of green building materials in the country, the government is in the midst of dishing out goodies - tax incentives - to developers of green building, according to the Ministry of Housing and Local Government. Although the goodies may not be announced in the upcoming 2020 Budget, i ...
Date: 27 June 2019; Type: Legal News; Source: Bernama

Government do not intend to impose Inheritance Tax in Budget 2020

KUALA LUMPUR, Jun 25 (Bernama) - The government has no intention of imposing new taxes in the upcoming 2020 Budget especially in regards to the inheritance tax, says Finance Minister Lim Guan Eng. He said there are a lot of rumours alleging that Pakatan Harapan government intended to introduce inheritance tax. Speculation about the introd ...
Date: 25 June 2019; Type: Legal News; Source: Bernama

Yangon to tax Hostels in biggest Migrant Worker City

The Yangon City Development Corporation (YCDC) will tax hostels in Hlaing Tharyar township, which has the most domestic migrant workers in the city, said U Soe Thein Aung, YCDC chair of the township.
Date: 21 June 2019; Type: Legal News; Source: Myanmar Times

Double Tax Deduction for Training Courses at NIOSH

KUALA LUMPUR, Jun 22 (Bernama) - Companies which send their employees to join several training courses at the National Institute of Occupational Safety and Health (NIOSH) are entitled to double tax deduction for the year of assessment 2019 to 2023, said NIOSH chairman Tan Sri Lee Lam Thye. He said the deduction could be implemented after NIOSH ...
Date: 22 June 2019; Type: Legal News; Source: Bernama

Dr Mahathir suggests ASEAN Countries introduce Taxes on Online Businesses

BANGKOK, Jun 23 (Bernama) - Prime Minister Tun Dr Mahathir Mohammad today proposed that ASEAN member nations introduce taxes on online businesses to increase their respective revenues. Dr Mahathir said the online businesses had "swallowed" conventional businesses. Citing Amazon.com as an example, he said the online bookstore had caused th ...
Date: 23 June 2019; Type: Legal News; Source: Bernama

Government to levy Higher Excise Tax on Unnecessary Products

Products or services the government doesn’t promote, including alcoholic beverages, will be subject to higher taxes if a new law on excise duties comes into force in January 2020.
Date: 19 June 2019; Type: Legal News; Source: Vientiane Times

Law Amendment aims to boost National Revenue

The government has highlighted the need to modernise the tax collection system and enhance transparency in the financial sector to boost national revenue, a senior official has said.
Date: 17 June 2019; Type: Legal News; Source: Vientiane Times

Tax Court orders P44-M Refund to San Miguel

MANILA, Jun 14 (PNA) - The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago.
Date: 14 June 2019; Type: Legal News; Source: Philippine News Agency

Allocating income from Tourism Tax to the States will continue - Lim

BUKIT MERTAJAM, Jun 15 (Bernama) - Allocating income from tourism tax to the states will be continued where 50 per cent of the income would be given back to the states as promised by the government, said Finance Minister Lim Guan Eng. He said the allocation for the tourism tax in 2019 was expected to be given to every state in the first quarte ...
Date: 15 June 2019; Type: Legal News; Source: Bernama

Revised Tax Management, Public Investment Laws passed

Hanoi, Jun 13 (VNA) - Up to 91.32 percent of National Assembly deputies approved the revised Law on Tax Management during their ongoing seventh session in Hanoi on June 13.
Date: 13 June 2019; Type: Legal News; Source: Vietnam News Agency

Congress approves Higher Tax on Tobacco

MANILA, Jun 3 (PNA) - The House of Representatives on Tuesday adopted the Senate version of the measure that aims to raise the excise tax on tobacco products.
Date: 04 June 2019; Type: Legal News; Source: Philippines News Agency

Senate OKs Tobacco Tax Hike Bill with New Amendments

MANILA, Jun 4 (PNA) - The Senate approved on third and final reading a bill seeking to increase the excise tax on tobacco products after reconsidering its passage to propose new amendments.
Date: 04 June 2019; Type: Legal News; Source: Philippine News Agency

Senate okays Tobacco Tax hike Bill on Third Reading

MANILA, Jun 3 (PNA) - The Senate on Monday approved on third and final reading a measure seeking to increase the excise taxes on tobacco products in a bid to reduce smoking prevalence among Filipinos and to generate additional funding for the government's Universal Health Care program.
Date: 03 June 2019; Type: Legal News; Source: Philippine News Agency

Myanmar signs on as Observer for BRI Tax Cooperation Pact

Myanmar will sign as an observer an agreement on the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM), said Deputy Minister of Planning and Finance U Maung Maung Win.
Date: 31 May 2019; Type: Legal News; Source: Myanmar Times

‘All Media Outlets must pay Tax’

Minister of Information Khieu Kanharith on Friday said Voice of America (VOA) and Radio Free Asia (RFA) would be allowed to reopen their offices only after fulfilling their tax obligations.

Government Offers Massive Tax Break to CSX Firms Double Taxation Accord set to be implemented more

Government to levy Higher Excise Tax on Unnecessary Products

Products or services the government doesn’t promote, including alcoholic beverages, will be subject to higher taxes if a new law on excise duties comes into force in January 2020.

Law Amendment aims to boost National Revenue Cabinet approves Tax Law changes New Decree offers Tax Breaks for Investors in Lao SEZs more

Government preparing Tax Incentives for Green Property Developer

PETALING JAYA, Jun 27 (Bernama) - In a bid to promote the usage of green building materials in the country, the government is in the midst of dishing out goodies - tax incentives - to developers of green building, accord ...

Government do not intend to impose Inheritance Tax in Budget 2020 Double Tax Deduction for Training Courses at NIOSH Allocating income from Tourism Tax to the States will continue - Lim more

Yangon to tax Hostels in biggest Migrant Worker City

The Yangon City Development Corporation (YCDC) will tax hostels in Hlaing Tharyar township, which has the most domestic migrant workers in the city, said U Soe Thein Aung, YCDC chair of the township.

Myanmar signs on as Observer for BRI Tax Cooperation Pact IRD to introduce Income Tax Bill to Parliament Advanced Income Tax on Imports, Exports reinstated after One Year more

CTA orders Issuance of Tax Credit to Car Assembly Firm

MANILA, Jul 3 (PNA) - The Court of Tax Appeals (CTA) has ruled in favor of a petition filed by a local car assembler and ordered the issuance of a tax credit certificate (TCC) to the company.

Tax Court orders P44-M Refund to San Miguel Congress approves Higher Tax on Tobacco Senate OKs Tobacco Tax Hike Bill with New Amendments more

Government issues Tax Measures to encourage Reading among Thai People

BANGKOK, May 24 (NNT) - Although a survey conducted by the National Statistical Office in 2018 found that Thai people spend up to 66 minutes per day reading, a decline from 80 minutes a day in 2015, the current length of ...

Tax Refunds to only be transferred Electronically Cabinet approves Return of VAT to Consumers' Debit Accounts Finance Minister: State Welfare Card Holders given 5% VAT Refund more

INDUSTRY UPDATES

Labour Ministry opens Automation Center

BANGKOK, Jul 17 (NNT) - On efforts to push the Thai industrial sector into the 4.0 era, human resources must be capable of operating technology and automated systems, especially in the Eastern Economic Corridor (EEC) development project. To achieve this goal, the Ministry of Labour has established a human resources development center on automation and robots at the Institute for Skills Development 3, located in Chonburi.

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Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Mandalay Region Hluttaw approves New High Court Judge

Mandalay Region Hluttaw was unanimously appointed a new regional high court judge on the second day of the second session of the hluttaw after being nominated by the regional chief minister.

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INDUSTRY UPDATES

DOJ forms Special Team to probe Kidapawan Broadcaster's Slay

MANILA, Jul 12 (PNA) - Department of Justice (DOJ) Secretary Menardo Guevarra on Friday said he has ordered a special investigation team to look into the killing last Wednesday of radio commentator Eduardo Dizon who was gunned down on the way home in Kidapawan City, Cotabato.

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New BSP Deputy Governor sworn in

MANILA, Jul 12 (PNA) - Francisco G. Dakila Jr. received his oath of office as Deputy Governor for Monetary and Economics Sector (MES) in ceremonies administered by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday.

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Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Free Legal Service to be provided for the Poor

Legal aid groups will provide free legal services to poor people and those in need of legal assistance across the country in an effort to support the rule of law and restore public trust in the judiciary.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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SolGen asks SC to dismiss Writ of Kalikasan Suit on WPS

MANILA, Jul 9 (PNA) - Solicitor General Jose Calida on Tuesday asked the Supreme Court (SC) to dismiss the petition filed against government agencies, which seeks unspecified action on the disputed areas in the West Philippine Sea.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

PCC approves New Clark City Power Distribution Deal

MANILA, Jul 3 (PNA) - The Philippine Competition Commission (PCC) has approved the proposed joint venture between the Bases Conversion and Development Authority (BCDA) and the consortium of Manila Electric Company (Meralco) and its Japanese partners to develop a power distribution system in New Clark City.

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Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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Malcontento to take oath as New Prosecutor General on July 2

MANILA, Jul 1 (PNA) - Justice Secretary Menardo Guevarra said newly appointed Prosecutor General Benedicto Malcontento may assume office as soon as he takes his oath Tuesday.

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