Tax & Revenue

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Former Singapore Customs Officer jailed for fraudulently obtaining GST Tourist Refunds

Pang Yeow Biah, 61, a former Singapore Customs officer was convicted for fraudulently obtaining Goods and Services Tax (“GST”) tourist refunds under the Electronic Tourist Refund Scheme (“eTRS”).

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GST Exemption for ECRL Project benefits People

BENTONG, Apr 19 (Bernama) - The exemption on Goods and Services Tax (GST) granted to the contractor of East Coast Rail Link (ECRL), China Communications Construction Company (CCCC) will benefit the people in the end, says Transport Minister Datuk Seri Liow Tiong Lai.
Date: 19 April 2018; Type: Tax News; Source: Bernama

Revenue Regulation on Sweetened Drinks still under Review

MANILA, Apr 17 (PNA) - The Bureau of Internal Revenue (BIR) has yet to produce a Revenue Regulation (RR) on the newly-adopted excise tax for sugar-sweetened beverages. A BIR official says they are taking their time on the matter so as to address any issue that may crop up.
Date: 17 April 2018; Type: Legal News; Source: Philippine News Agency

Government needs to impose Tax on e-Commerce Industry

Jakarta, Apr 18 (ANTARA News) - Transaction trends are currently shifting from the conventional system of direct cash payment to an online cashless system by capitalizing on the latest technology used in online trade or e-commerce activities.
Date: 18 April 2018; Type: Legal News; Source: Antara

Alpha 245 Inc v Commissioner of Internal Revenue

Date: 06 April 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9225; Source: Court of Tax Appeals

Commissioner of Internal Revenue and 3 Others v T Shuttle Services Inc

Date: 03 April 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1565; Source: Court of Tax Appeals

University Physicians Services Inc-Management Inc v Commissioner of Internal Revenue

Date: 07 March 2018; Court: Supreme Court of The Philippines; Citation: GR No. 205955; Source: Supreme Court

Tyco Information Solutions Corp v Bureau of Internal Revenue and Another Appeal

Date: 03 April 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1426 & 1436; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Univation Motor Philippines Inc

Date: 02 April 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1553; Source: Court of Tax Appeals

City of Davao and Another v San Miguel Officers Corps Inc

Date: 10 April 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1628; Source: Court of Tax Appeals

Amadeus Marketing Philippines Inc v Commissioner of Internal Revenue

Date: 05 April 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1532; Source: Court of Tax Appeals

DOF cites Reason for Sin Products' Tax Hikes

MANILA, Apr 10 (PNA) - Faster rate of price increases of sin products, namely tobacco and alcoholic beverages, among others, continues to push domestic inflation higher to 4.3 percent last March from the revised 3.8 percent in February 2018.
Date: 10 April 2018; Type: Tax News; Source: Philippine News Agency

Stamp Duties (Agreements for Sale of Equity Interests) (Remission) Rules 2018

These Rules come into operation on 11 April 2018.
Date: 10 April 2018; Type: Federal Subsidiary Legislation; Citation: No. S 201; Source: Singapore Statutes Online

Tobacco (Control of Advertisements and Sale) (Tax Free World Association Asia Pacific Exhibition and Conference 2018) (Exemption) Order 2018

This Order provides that section 3 of the Tobacco (Control of Advertisements and Sale) Act does not apply to prohibit an exhibitor or organiser from publishing, causing to be published, or taking part in the publication of, any advertisement described in section 3(1)(a), (c) or (d) of the Act that is contained in the online 2018 exhibition dir ...
Date: 09 April 2018; Type: Federal Subsidiary Legislation; Citation: No. S 197; Source: Singapore Statutes Online

Bisazza Philippines Inc v Commissioner of Internal Revenue

Date: 07 March 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9372; Source: Court of Tax Appeals

Government needs to impose Tax on e-Commerce Industry

Jakarta, Apr 18 (ANTARA News) - Transaction trends are currently shifting from the conventional system of direct cash payment to an online cashless system by capitalizing on the latest technology used in online trade or ...

Government to grant 20-Year Tax Holiday to Investment above RP30 Trillion Direktur Jenderal Bea dan Cukai v PT Wahana Bangun Makmur Direktur Jenderal Bea dan Cukai v PT Wahana Bangun Makmur more

Pay Taxes or face Closure, Thousands of Businesses warned

Vientiane authorities have warned 3,039 enterprises to pay taxes and declare their business plans, with the threat of closure hanging over them if they fail to comply.

Issue of Illegally Imported Cars remains unresolved Revised Laws the Key to boosting Revenue Collection Vehicle Owners Face Doubling of Road Tax more

GST Exemption for ECRL Project benefits People

BENTONG, Apr 19 (Bernama) - The exemption on Goods and Services Tax (GST) granted to the contractor of East Coast Rail Link (ECRL), China Communications Construction Company (CCCC) will benefit the people in the end, say ...

Customs Duties (Exemption) (Amendment) Order 2018 Customs (Anti-Dumping Duties) (Expedited Review) Order 2018 Negeri Sembilan Government will not raise Assessment, Land Tax - MB more

Tax Amnesty Law under Review, will be “Fair,” Minister says

The authorities will closely supervise the drafting of the tax amnesty law, ensuring that it is fair and discourages tax avoidance and money laundering, Union Minister of Planning and Finance U Kyaw Win said Monday durin ...

Yangon Tax Rates and Fines under Scrutiny Union Tax Law to be approved in Parliament Parliament suggests Tax Rates for Non-Assessed Income more

Revenue Regulation on Sweetened Drinks still under Review

MANILA, Apr 17 (PNA) - The Bureau of Internal Revenue (BIR) has yet to produce a Revenue Regulation (RR) on the newly-adopted excise tax for sugar-sweetened beverages. A BIR official says they are taking their time on th ...

Alpha 245 Inc v Commissioner of Internal Revenue Commissioner of Internal Revenue and 3 Others v T Shuttle Services Inc University Physicians Services Inc-Management Inc v Commissioner of Internal Revenue more

Commerce Ministry to petition US for Tax Exemption

BANGKOK, Mar 25 (NNT) - The Ministry of Commerce is now working with the private sector to petition for tariff exemption after US President Donald Trump invoked Section 232 of the Trade Expansion Act of 1962 to impose ne ...

Finance Ministry clarifies Tax Incentive for Startup Investors TAT to propose Tax Measures for Provincial Cities Tourism Tax Benefits offered for Private Firms participating in Pracharat Campaigns more

INDUSTRY UPDATES

CCCS clears Proposed Merger between Essilor and Luxottica

The Competition and Consumer Commission of Singapore (“CCCS”) has issued a clearance decision on the proposed merger between Essilor International (Compagnie Generale d’Optique) S.A (“Essilor”) and Luxottica Group, S.p.A. (“Luxottica”) (collectively “Parties”). CCCS has concluded that the merger, if carried into effect, will not infringe the section 54 prohibition of the Competition Act (Cap. 50B).

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INDUSTRY UPDATES

House and Senate successfully hold “Sports Dual Meet 2018”

The House of Representatives and the Senate on Thursday successfully held their second congressional sports invitational tournament dubbed “Sports Dual Meet 2018” at the House Sports Complex in Batasan Hills, Quezon City.

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INDUSTRY UPDATES

President Joko Widodo to attend ASEAN Summit in Singapore

Jakarta Apr 20 (ANTARA News) - President Joko Widodo will attend the the 32nd Association of Southeast Asian Nations (ASEAN) Summit in Singapore on April 27-28, 2018.

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INDUSTRY UPDATES

Police probes Facebook over Data Privacy Violation

Jakarta, Apr 19 (ANTARA News) - The National Police is currently investigating third-party applications on Facebook that have allegedly violated the data privacy of users, an official stated here on Thursday.

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INDUSTRY UPDATES

Lawyer claims Trial to CBT of more than RM100,000

GEORGE TOWN, Apr 20 (Bernama) - A lawyer pleaded not guilty in the Sessions Court here today to criminal breach of trust involving more than RM100,000.

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INDUSTRY UPDATES

IRBM confirms having issued Letters to International Schools

KUALA LUMPUR, Apr 19 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) today confirmed that it had recently issued letters to the management of several international schools, here.

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INDUSTRY UPDATES

Role of In-house Lawyers must evolve, says Judge

In an event that unveiled a study of local general counsel by the Singapore Corporate Counsel Association and global law firm CMS, Judge of Appeal Steven Chong has given in-house counsel several pointers on what they need to do in their evolving role.

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INDUSTRY UPDATES

Passenger-Facing Cameras: encrypt Recordings and restrict Access

The new rule that allows the cab and private-hire car drivers to install infacing cameras should not threaten the passenger privacy according to customer feedback.

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INDUSTRY UPDATES

Cabinet confirms Appointment of New Permanent Secretary of Finance

BANGKOK, Apr 18 (NNT) - The Cabinet has officially confirmed the appointment of the new Permanent Secretary of the Finance Ministry.

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INDUSTRY UPDATES

Thailand preparing to host 12th ASEAN Skills Competition

BANGKOK, Apr 18 (NNT) - Thailand is making preparations to host the 12th ASEAN Skills Competition, the objective of which is to urge adolescents and workers in the region to be enthusiastic about developing their skills in line with new technology.

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INDUSTRY UPDATES

Government pardons nearly 8500 Prisoners, including Student Activists’ Killer

The Presidential Office announced on Tuesday that 8541 prisoners, including 51 foreigners, were released from prisons across the country.

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INDUSTRY UPDATES

Tax Exemption on Mega Projects given since 1980s - Customs DG

PUTRAJAYA, Apr 19 (Bernama) - Tax exemptions have been awarded to several large projects owned by the Government since the 1980s, and the issue of waiving the Goods and Services Tax (GST) for procurement of materials and services related to the East Coast Rail Link (ECRL) project should not be played up, said Customs Director-General Datuk Seri Subromaniam Tholasy.

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INDUSTRY UPDATES

GST Compliance good, says Customs Department

KUALA LUMPUR, Apr 18 (Bernama) - The Goods and Services Tax (GST) compliance in Malaysia is good even though there is still a need to continue to promote tax education.

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INDUSTRY UPDATES

Illegal OFWs in Kuwait have until Thursday to avail of Amnesty Program

KUWAIT, Apr 18 (PNA) - Philippine Ambassador to Kuwait Renato Villa has announced that the Kuwaiti Department of Immigration under the Ministry of Interior has officially declared Thursday (April 19) as the last day for Filipinos to file their application for the amnesty program set to expire on April 22.

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INDUSTRY UPDATES

Indonesia, Vietnam discuss Cooperation in Fisheries and Maritime Affairs

Jakarta Apr 18 (ANTARA News) - Indonesian Foreign Minister Retno Marsudi discussed cooperation in maritime affairs and fisheries with her Vietnamese counterpart, Pham Bihn Mihn, during the third joint commission meeting between the two countries.

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