|Philippines Bureau of Internal Revenue will ignore the value-added tax deficiencies of tollway operators to spare the public from higher rates come October this year. As reported by The Manila Times.net, Commissioner Kim Jacinto-Henares stated that the bureau has decided to move forward. He further mentioned that they would not automatically b relieved from the payment of back taxes, they would still have to apply for abatement program. The BIR chief mentioned that the tollway operators had failed to collect the VAT and nothing can be recovered from them.
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more