Empowering business in Southeast Asia
Taxes in Indonesia are comparable to other ASEAN countries and attractive to the rest of the world. With low corporate income tax and VAT, a low but progressive personal income, Indonesian taxes are business-friendly. Some tax incentives also exist to push the growth of certain key industries for the nation.
Compared to many countries, Malaysia is rather tax-friendly, with a progressive but low income tax, a low corporate income tax and low equivalent to VAT which make it attractive for work and business. Several incentives are also in place to help further companies in certain key industries.
The tax regime of Brunei is generally considered to be very accommodating compared to many other countries: corporate taxes rates are rather low, and no valued added or personal income tax are levied. Some special regimes are however applied in particular cases and industries, such as the oil and gas sector.
Myanmar is the new frontier for business in Southeast Asia. A large and populated country just opening its doors to foreign companies and investors, Myanmar is rich with opportunities in many sectors. However, Myanmar also presents several technical and legal challenges to be managed and overcome by new comers.
The ASEAN Economic Community fosters great hopes for many businesses, especially multinational corporations – MNCs – that are well-positioned to benefit from it. Gathering reviews from several MNCs’ leaders across Southeast Asia, this report provides hands-on, regional insights accross several industries.
Indonesia is the economic powerhouse of Southeast Asia, representing about 40% of its overall population and GDP, with a strong economic growth. With numerous business opportunities to seize, the Indonesia Investment Coordinating Board provides information to guide businesses and investments in Indonesia.
The Malaysian government has released its eleventh economic development plan for the years 2016 to 2020. With ambitious economic objectives, the plan sets targets and defines some economic policies that will be implemented in the coming years, with the ultimate goal to make Malaysia a high income economy by 2020.
With the 2015 budget of Singapore came an increase of the personal income tax rate to 22% for the highest income. In this interview, Singapore Second Minister for Trade and Industry S. Iswaran gives some insights on the objectives of the Singaporean government’s fiscal policy and strategy for investment, redistribution and funding.
The ASEAN Economic Community is attracting a lot of attention from local and foreign businesses thanks to its huge potential, yet several challenges need to be tackled to make the AEC a success… A panel of specialists from the public and private sectors share ideas about the AEC’s opportunities and difficulties still to be managed.
The Brunei Economic Development Board is a public agency in Brunei focusing on the growth and diversification of the Bruneian economy. Providing information on doing business in Brunei, it helps all those interested in investing and expanding their operations in the sultanate of Brunei.