All commercial gaming companies operating in Cambodia are subject to a gaming revenue tax burden that is higher than the 7 ...

The National Board of Revenue (NBR) has extended the deadline for submitting VAT returns online through the Integrated VAT Administration System (iVAS) for the tax period of May, 2025.

China’s new instant VAT refund system enables foreign tourists to receive instant tax rebates at the point of purchase, aiming to boost domestic consumption and streamline the retail-tourism ...

European countries were proponents, and VATs have been adopted elsewhere as well, notably in China. VAT relief for exporters has helped encourage companies in these countries to export and have ...

Yet while European countries began rolling out VAT in the 1960s and 1970s, the tax has since been adopted by more than 170 countries, such as China, India, Canada and Mexico. The 19 countries that ...

According to Ahmad, Indonesia will become the country with the highest VAT rate of 12 percent in Southeast Asia. "So if Indonesia's VAT reaches 12 percent, Indonesia will be [the country with] the ...

Indonesia’s VAT-to-GDP ratio has stagnated at around 3–3.7 per cent over the last 15 years, reaching just 3.4 per cent in 2022. This falls considerably below many peer economies, including the ...

JAKARTA: Indonesia on Monday (Dec 16) announced economic measures to soften the blow of an increase in the value-added tax (VAT) rate, including electricity tariff cuts, incentives for labour ...

On the eve of a long-anticipated increase in Indonesia’s value added tax (VAT) rate from 11 to 12 per cent, President Prabowo Subianto abruptly decided to revise the hike, announcing that it would ...

JAKARTA -- Just five hours before a New Year's Day increase in Indonesia's value-added tax (VAT) rate from 11% to 12% was set to take effect, President Prabowo Subianto announced it would be ...

China’s BYD and GAC Aion, which have committed to building EV plants in Indonesia, would be exempt from import duty and get luxury tax sales and VAT cuts for their vehicles. President Prabowo ...

The Philippines, named "Asia's Leading Beach Destination" at the 2024 World Travel ... According to the Department of Finance, non-resident tourists or foreign passport holders can apply for a VAT ...