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.
The Philippines’ Relationship With ASEAN - ASEAN Briefing
WEBMar 22, 2017 · ASEAN is one of the cornerstones of the Philippines’ foreign and trade policies. This is manifested in the Philippines policy to promote a more peaceful, stable, and free South East Asia, through the pursuit of different initiatives, in the policy making, economic, trading and functional cooperation activities.
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 ...
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 ...
The Guide to Employment Permits for Foreign Workers in the …
WEBJul 12, 2022 · There will be a monthly charge of three percent for any overdue contributions to the SSS program. Employers contribute PHP 1,600 (US$28.38) per month for employees in the highest salary bracket. The employee themselves will contribute PHP 80 (US$1.41) to PHP 800 (US$14.20) based on their salary bracket.
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 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.
ASEAN Business News - ASEAN Briefing
WEBMalaysia’s Data Protection Overhaul: Key Changes and Impacts on Business. September 15, 2024 by ASEAN Briefing. Discover the latest changes to Malaysia’s Personal Data Protection Act (PDPA) and their impact on businesses, including new data protection officer requirements, expanded data processor responsibilities, and increased penalties ...
The Philippines’ 12th Foreign Investment Negative List - ASEAN …
WEBOct 28, 2022 · Regular Foreign Investment Negative List was issued in June 2022, providing foreign investors with greater access to the Filipino economy. The changes reflect the country’s desire to liberalize the investment environment and ably compete with neighbors in the fast-growing ASEAN economy. an …
The Philippines’ 2022 Strategic Investment Priority Plan - ASEAN …
WEBAug 18, 2022 · On June 14, 2022, the 2022 Strategic Investment Priority Plan (SIPP) came into effect, expanding tax incentives to several new areas. The plan was approved by then-president Rodrigo Duterte on May 24, 2022, in. The SIPP stands to benefit investors in a wide range of industries that the government deems critical to upgrading its industrial and ...