The Government has agreed with the Ministry of Finance’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services.
The Government has agreed with the Ministry of Finance (MoF)’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services subject to a 10% VAT.
The Philippines is set to launch a value-added tax (VAT) refund programme for foreign tourists in 2024 to attract more visitors, according to the country’s Presidential Communications Office (PCO).
The Indonesian government has decided to extend the maximum value added tax (VAT) discount of 50 percent for housing from January 1 to September 30, 2022.
The value added tax (VAT) will be reduced by 2 percentage points to 8 percent starting this February as part of measures helping taxpayers tackle difficulties.
The General Department of Taxation under the Ministry of Finance (MoF) is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.
Indonesia began to impose a 10-percent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on July 7 in the context of the COVID-19 pandemic affecting the country’s state finances.
Thailand’s Ministry of Finance has said the newly approved value-added tax (VAT) law on foreign e-commerce platforms in the country will rake in about 3 billion baht (97 million USD) revenue into the government's coffer.
Vietnam Automobile Manufacturers’ Association (VAMA) has proposed the Government reduce value-added tax (VAT) and registration fees for car customers by 50 percent, reports vietnamnet.vn.
Indonesia is preparing a bill that will make tech firms such as Google and Amazon pay value added tax (VAT), according to Finance Minister Sri Mulyani Indrawati.
Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.
Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
Videos
