Dec 16, 2024 · Thailand is set to overhaul its tax system by 2025, proposing taxation of residents’ worldwide income and introducing a 15 percent global minimum corporate tax for multinationals, aligning with international standards. These changes aim to broaden the tax base but may impact foreign investment and compliance costs.

Jan 6, 2025 · The Thai government aims to strike a balance between improving workers’ welfare and maintaining the country’s attractiveness to investors. Prime Minister Srettha Thavisin highlighted the need to align wages with inflation and living costs, ensuring workers have more disposable income while ...

Apr 4, 2024 · How is the minimum wage increase calculated? MOM 18/2022 stipulated a new formula for calculating the minimum wage increase. The calculation for the minimum wage took into account Indonesia’s economic growth, inflation, and the contribution of employees to economic growth.

Dec 31, 2024 · An Introduction to Doing Business in ASEAN 2025, the latest publication from Dezan Shira & Associates, is available for download through the Asia Briefing Publication Store.. The Association of Southeast Asian Nations (ASEAN) is emerging as one of the most dynamic regions for global investment. With a combined population of over 600 million people, a growing middle class, and projected ...

Jul 26, 2018 · Tax considerations form an essential part of a corporate strategy and play a key role in determining the success of a business. For those seeking to invest into more than just one ASEAN economy, or looking for a jurisdiction to base their business, an inter-country tax comparison can help make a suitable, cost-effective decision.

Oct 29, 2024 · GR 42/2024 introduces several new provisions and amends existing ones under GR 39/2021, including but not limited to the extension of the halal certification deadline for food and beverage products and ingredients, as well as products resulting from slaughter and slaughtering services, adjustments to the validity period of halal certificates, recognition of foreign halal certifications, and ...

Oct 31, 2024 · Indonesia’s labor market reflects the broader economic and social changes within the country. The nation has experienced consistent job growth, primarily driven by sectors such as manufacturing, agriculture, and services.

Oct 21, 2024 · Thanks to decades of targeted policies and actions, Singapore has become one of Asia’s largest and most dynamic economies. The Southeast Asian country has a GDP of US$525.228 billion, a young workforce, and over a million foreign talents working in the rapidly expanding working class.

Jan 9, 2025 · Malaysia has introduced a groundbreaking suite of tax incentives to accelerate the growth of the Johor-Singapore Special Economic Zone (JS-SEZ). This transformative initiative aims to deepen economic ties with Singapore, attract high-value investments, and position Johor as a global hub for ...

Oct 31, 2024 · On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters.