In Singapore, tax resident and non-resident companies are generally taxed in the same manner, but tax resident companies can enjoy certain benefits for their foreign source income in Singapore, such as: In this article, we will cover: Foreign-sourced exemption scheme …
On the 11 January 2022, the Vietnamese Government has adopted the Resolution No. 43/2022/QH15, about VAT policy and CIT deductions in Vietnam, with the objectives to: In order to attain those objectives, this Resolution, effective since the 1st of February…
In order to encourage its expatriates, who left France to live in another country, to come back in France, the French government has implemented a favorable tax regime: Régime des impatriés. The regime is regulated under the article 155B of…
In this article, we will cover: What is the stamp duty in Singapore? Stamp duty is a tax that applies to various transactions in Singapore, such as property purchases, lease agreements, and shares transfers at the ad valorem rate or…
Companies operating in Thailand should be cautious about matters that could cause surcharges, fines or investigations by the Revenue Department. This article will guide you through the main common tax mistakes that businesses in Thailand often make. 1. VAT registration…
Hong Kong adopts a territorial basis for taxing profits derived from a trade, profession, or business carried on in Hong Kong. Companies established in Hong Kong are only taxed on profits made locally, while profits from foreign-sourced are exempt. In…
The Thai Civil and Commercial Code does not make any distinction between Thai and foreign shareholders. As a result, foreigners can freely register a company in Thailand without any Thai partner. However, there are some restrictions on the business activities…
The standard rate for corporate income tax in Thailand is 20%. However, this rate varies based on the type of taxpayer. A reduced tax rate for SMEs and companies promoted by the BOI Small companies benefit from tax exemption up…
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