Friday, 22 September 2017
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Tax & Revenue

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Cars get Lower Excise Tax on Senate’s TRAIN Version

MANILA - Lower excise tax rates for automobiles were reflected on Tax Reform for Acceleration and Inclusion (TRAIN) bill of the Senate compared to the House of Representative’s version.

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Commerce Ministry tightens Control on Liquor, Tobacco Prices after Tax Hike

NONTHABURI, 20 September 2017 (NNT) - The Ministry of Commerce is undertaking stringent inspections on liquor and cigarette prices after new excise tax rates came into effect in a bid to protect consumers from unscrupulous vendors.
Date: 20 September 2017; Type: Tax News; Source: National News Bureau of Thailand

Mukdahan cracking down on Smuggling following New Excise Tax Rate

MUKDAHAN, 21 September 2017 (NNT) - The Excise Department in Mukdahan province has stepped up control against smuggled liquor, beer and cigarettes along the Thai-Lao border following an adjustment to the excise tax rate for the goods.
Date: 21 September 2017; Type: Tax News; Source: National News Bureau of Thailand

Taxing the Digital Economy

Malaysia wants to amend laws that will hit the pockets of foreign digital services firms.
Date: 19 September 2017; Type: Tax News; Source: MIDA

SC orders BIR to refund PSALM P3.81-B VAT

MANILA - The Supreme Court (SC) on Wednesday ruled in favor of the petition of the Power Sector Assets and Liabilities Management Corporation (PSALM) seeking to reverse a Court of Appeals (CA) ruling that declared null and void its petition for value added tax (VAT) refund against the Bureau of Internal Revenue (BIR).
Date: 20 September 2017; Type: Legal News; Source: Philippine News Agency

IRB targeting 86 Companies, Individuals in Sandakan

SANDAKAN, Sept 19 (Bernama) - A total of 86 companies and individuals who failed to submit their returns and have not paid taxes will receive legal instruments when the Sandakan Inland Revenue Board (IRB) office mounts 'Ops Dakwa' beginning yesterday.
Date: 19 September 2017; Type: Legal News; Source: Bernama

Proposal to amend GST Act 2014 to be tabled in Parliament

KUALA LUMPUR, Sept 18 (Bernama) - The Goods and Services Tax Act 2014 will be amended to enable the government to collect billions of ringgit in taxes from foreign companies operating in Malaysia under the digital economy. Custom Department Director-General, Datuk Seri Subromaniam Tholasy said the proposal for the amendment would be tabled whe ...
Date: 18 September 2017; Type: Tax News; Source: Bernama

Government adopts Single Platform for Trading Requirements

A high-level committee chaired by the secretary of the Department of Finance (DOF) has agreed to adopt a government-built online platform for traders as the vehicle for the country’s National Single Window (NSW), which aims to facilitate trade, heighten transparency in customs procedures and improve revenue collection.
Date: 18 September 2017; Type: Legal News; Source: Department of Finance

Taxman calls on Grab, Uber Drivers

The Inland Revenue Authority of Singapore (IRAS) is reported to have approached the two ride-hailing firms to work out an arrangement for the drivers to file their tax returns automatically.
Date: 17 September 2017; Type: Legal News; Source: Singapore Law Watch

New Excise Tax Act takes effect, to generate 12 Billion Baht in Tax Revenue

BANGKOK, 17th September 2017 (NNT) - The new excise tax law is expected to generate 12 billion baht in tax revenue according to the Excise Department. Excise Department Director General, Somchai Poolsavasdi said the Excise Tax Act, B.E. which took effect on Saturday, September 16th, would raise retail prices of some alcoholic beverages and cig ...
Date: 17 September 2017; Type: Legal News; Source: National News Bureau of Thailand

Edison (Bataan) Cogeneration Corporation v Commissioner of Internal Revenue and Another Appeal

Date: 30 August 2017; Court: Supreme Court of The Philippines; Citation: GR No. 201665 & 201668; Source: Supreme Court

GST: Customer Accounting for Prescribed Goods

This guide explains how businesses would apply customer accounting for transactions in mobile phones, memory cards and off-the-shelf software.
Date: 15 September 2017; Type: Guide; Source: Inland Revenue Authority of Singapore

Cabinet give Green Light to New Alcohol, Cigarette Tax Rates

BANGKOK, 12 September 2017 (NNT) - The Cabinet meeting on Tuesday approved the new excise tax rates for alcohol, cigarettes and playing cards. The new tax rates will be published in the Royal Gazette before they become effective on 16 September 2017.
Date: 12 September 2017; Type: Tax News; Source: National News Bureau of Thailand

Tampines Court Owners get More Time to pay Seller's Stamp Duty

The Inland Revenue Authority of Singapore prepared to consider requests to waive the penalty incurred up to the date of the sales order, provided that the said contract is stamped within 14 days from the date of execution.
Date: 13 September 2017; Type: Legal News; Source: Singapore Law Watch

Establishment of Temporary Restricted Area during 2017 Formula 1

The Civil Aviation Authority of Singapore (CAAS) will be establishing a temporary Restricted Area over certain parts of Singapore (as shown in the map at Annex A) under the Air Navigation Order (ANO).
Date: 08 September 2017; Type: Legal News; Source: Civil Aviation Authority

Direktur Jenderal Pajak v But Global Tender Barges

Date: 13 February 2017; Court: Supreme Court of Indonesia; Citation: SC No. 80 B/PK/PJK/2017 of 2017; Source: Supreme Court of Indonesia

PT NT Piston Ring Indonesia v Direktur Jenderal Pajak Direktur Jenderal Pajak v PT Tirta Sibayakindo Direktur Jenderal Pajak v PT Perkebunan Nusantara V more

Governmentt orders Cut in Lotteries

The government has called for a cut in several types of lotteries issued by the Lao Development Lottery State Enterprise, including the football lottery, following public complaints about the country having too many lott ...

Value-added Tax to replace Guesswork in raising Revenue from SMEs Vehicle Owners to pay higher Road Tax in August New Law offers Incentives to attract Investment more

Commercial Taxes on Mobile Handsets and Accessories to be levied Soon

Commercial taxes will be levied on mobile handsets and accessories in Mandalay Region from October onwards, said an official from the regional Internal Revenue Department (IRD).

15 Days for Regional Investment Commissions to assess Applications Liquor Licenses yet to be approved for Hotels YSX-listed Firms to enjoy 5 Per Cent Tax Reduction more

Cars get Lower Excise Tax on Senate’s TRAIN Version

MANILA - Lower excise tax rates for automobiles were reflected on Tax Reform for Acceleration and Inclusion (TRAIN) bill of the Senate compared to the House of Representative’s version.

SC orders BIR to refund PSALM P3.81-B VAT Government adopts Single Platform for Trading Requirements Edison (Bataan) Cogeneration Corporation v Commissioner of Internal Revenue and Another Appeal more

Taxman calls on Grab, Uber Drivers

The Inland Revenue Authority of Singapore (IRAS) is reported to have approached the two ride-hailing firms to work out an arrangement for the drivers to file their tax returns automatically.

GST: Customer Accounting for Prescribed Goods Tampines Court Owners get More Time to pay Seller's Stamp Duty Establishment of Temporary Restricted Area during 2017 Formula 1 more

Commerce Ministry tightens Control on Liquor, Tobacco Prices after Tax Hike

NONTHABURI, 20 September 2017 (NNT) - The Ministry of Commerce is undertaking stringent inspections on liquor and cigarette prices after new excise tax rates came into effect in a bid to protect consumers from unscrupulo ...

Mukdahan cracking down on Smuggling following New Excise Tax Rate New Excise Tax Act takes effect, to generate 12 Billion Baht in Tax Revenue Cabinet give Green Light to New Alcohol, Cigarette Tax Rates more

Industry Updates

ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

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ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

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OSMEP recognizes Hundreds of SMEs for Outstanding Work

BANGKOK, 21 September 2017 (NNT) - The Office of Small and Medium Enterprise Promotion (OSMEP) has held a ceremony to offer accolades to SME operators from across the country who have been successful in business.

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Labor Minister orders Investigation into Complication of employing Highland People

BANGKOK, 21 September 2017 (NNT) - The Minister of Labor has instructed Labor Ministry officials to investigate into the claim that employers do not receive convenience on submitting work permit application for highland people.

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Industry Updates

ASEAN Lawmakers commend Alvarez

The 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) concluded Tuesday with delegates commending House Speaker Pantaleon Alvarez for his outstanding performance as president of AIPA.

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Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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Industry Updates

BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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