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𝐓𝐚𝐱 𝐂𝐮𝐭𝐬 𝐭𝐨 𝐀𝐭𝐭𝐫𝐚𝐜𝐭 𝐓𝐡𝐚𝐢 𝐓𝐚𝐥𝐞𝐧𝐭 𝐟𝐫𝐨𝐦 𝐀𝐛𝐫𝐨𝐚𝐝: 𝐀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐚𝐧𝐝 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 In a bold move to bolster Thailand’s economic competitiveness and address talent shortages in key industries, the Thai Cabinet recently approved a proposal by the Ministry of Finance to introduce significant tax cuts aimed at attracting skilled Thai workers from abroad. This initiative, encapsulated in a draft decree, reduces the maximum income tax rate from 35% to 17% for returning Thai professionals working in targeted industries. Additionally, the decree provides substantial tax benefits for employers, including a 1.5 times deduction on salaries before tax. These tax incentives are intended to create a favorable environment for the repatriation of talent, supporting the country’s ambitious economic development goals, particularly within the framework of the Eastern Economic Corridor (EEC) and the Board of Investment (BOI) Act. 𝙇𝙚𝙖𝙧𝙣 𝙈𝙤𝙧𝙚 https://lnkd.in/gmf4qkTp #ThailandTaxReform #TalentAttraction #EconomicGrowth #ThaiExpats #TaxIncentives #BOIThailand #EECThailand #InnovationEconomy #ThaiGovernment #HighSkilledLabor #GlobalCompetitiveness #InvestmentGrowth #Thailand2025 #FiscalPolicy #ASEANBusiness #SustainableDevelopment #EconomicStrategy #MahanakornPartnersGroup #MahanakornPartners #MPG

COURTESY CALL I Chief Tax Advocate and Senior Advisor of Asian Consulting Group - ACG, Raymond Abrea, with Consul Commercial Alma Argayoso of the DTI Sydney (Philippine Trade and Investment Centre - Sydney) and Vice Consul Frances Louissa Cleofas of the Philippine Consulate General Sydney. Discussions centered on strategies to attract more foreign investors and address concerns related to the ease of doing business and tax matters, focusing on simplifying regulatory processes, reducing bureaucratic hurdles, and creating a more favorable investment climate. Center for Strategic Reforms of the Philippines TaxWhizPH Digital Solutions DTI Sydney Philippine Embassy in Germany Philippine Embassy in The Netherlands Philippine Embassy in France Embassy of Switzerland in the Philippines @Philippine Embassy of New Zealand @Philippine Embassy in Canada European Cluster Collaboration Platform (ECCP) Spanish Chamber of Commerce in the Philippines - La Cámara German-Philippine Chamber of Commerce and Industry, Inc. (GPCCI / AHK Philippinen) Swiss Chamber of Commerce of the Philippines French Chamber of Commerce and Industry in the Philippines FPD ASIA PROPERTY SERVICES, INC. Dutch Chamber of Commerce in the Philippines British Chamber of Commerce Philippines The Canadian Chamber of Commerce of the Philippines Australian-New Zealand Chamber of Commerce Philippines (ANZCHAM) Manila Standard INQUIRER.net Philippine Daily Inquirer

As foreign investors increase in the Philippines, it's crucial for them to understand how business operates here, especially given the differences from their home countries and the numerous bureaucratic processes involved in fulfilling requirements. As ACG Chief Tax Advisor Mon Abrea mentioned in his interview with Rico Hizon, digitalization and automation are key to making processes easier and more convenient for foreign investors looking to engage in business in the Philippines. This is precisely the aim of the 2024 International Tax and Investment Roadshow and his book ‘Why Invest in the Philippines’: to assist our foreign investors with a much easier way of doing business in the Philippines. #TaxWhizTV #WhyInvestinthePhilippines? #RicoHizon #Digitalization Asian Consulting Group - ACG  TaxWhizPH Digital Solutions Raymond Abrea Center for Strategic Reforms of the Philippines Philippine Embassy London Philippine Embassy Madrid Department of Trade and Industry London Chamber of Commerce and Industry DTI London (Philippine Trade and Investment Centre London) Philippine Trade and Investment Center Brussels Spanish Chamber of Commerce in the Philippines - La Cámara Dutch Chamber of Commerce in the Philippines French Chamber of Commerce and Industry in the Philippines European Chamber of Commerce of the Philippines German-Philippine Chamber of Commerce and Industry, Inc. (GPCCI / AHK Philippinen) Swiss Chamber of Commerce of the Philippines British Chamber of Commerce Philippines Italian Chamber of Commerce in the Philippines The Canadian Chamber of Commerce of the Philippines Australian-New Zealand Chamber of Commerce of the Philippines 

Important note for companies in Denmark! 📣 Since January 2024, new tax rules apply specifically to companies in industries such as catering, food stores and similar sectors. If your business has an annual turnover of between DKK 50,000 and DKK 10 million, it is particularly important to comply with the regulations. But don't worry, we at Efsta are here to help! 💪 Our team of experts will guide you through these changes and ensure that your company always complies with local tax requirements. sales@efsta.eu https://lnkd.in/dpe2ZnEp regulations #business consulting #fiscalizeandsmile #fiscalizewithus

This is the #mondayquote from Acclime Vietnam, covering the topic "Deciphering tax and business incentives in Vietnam." Please see further insights in the comment below. Follow Acclime Vietnam to learn more about the business requirements in Vietnam and stay updated with relevant changes.

This is the #mondayquote from Acclime Vietnam, covering the topic "Resolution on VAT reduction in 2025" Please see further insights in the comment below. Follow Acclime Vietnam to learn more about the business requirements in Vietnam and stay updated with relevant changes

Radu Berevoescu, FIC Board Member (CEO PepsiCo Romania, Bulgaria, and Moldova), considers that: “𝐅𝐨𝐫𝐞𝐢𝐠𝐧-𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐩𝐥𝐚𝐲 𝐚 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐫𝐨𝐥𝐞 𝐢𝐧 𝐑𝐨𝐦𝐚𝐧𝐢𝐚'𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐚𝐱𝐞𝐬, 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬, 𝐣𝐨𝐛 𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐰𝐚𝐠𝐞𝐬. 𝐓𝐡𝐞 𝐅𝐈𝐂 𝐒𝐭𝐮𝐝𝐲 𝐚𝐢𝐦𝐬 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐚 𝐩𝐢𝐜𝐭𝐮𝐫𝐞 𝐨𝐟 𝐡𝐨𝐰 𝐭𝐡𝐞𝐬𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐝𝐫𝐢𝐯𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐜𝐫𝐞𝐚𝐭𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐧𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞.”  FIC made a comprehensive study conducted by a representative sample of FIC member companies (https://lnkd.in/dkCHv6r5), with highlight on the taxes, fees, and economic impact they contribute to Romania. FIC member companies have been registered and paying taxes in Romania for more than 25 years. Also, most of the investments made started at the end of the 1990s, which indicates the willingness to invest in Romania on a long-term basis. The turnover of FIC member companies (110 companies) represented approximately 22% of nominal GDP in 2023. In the same year, the investments of FIC companies were over 17 billion RON, representing 43% of capital expenditures according to the execution of the consolidated budget. Based on a survey of taxes paid by members, by extrapolation and controlling a set of variables (including turnover, the number of employees and profit tax), as well as attributes related to the object of activity, the contribution of all FIC member companies to the consolidated general budget was estimated at 82 billion RON, which represents 18% of the current revenues collected by the state in 2023. More details can be accessed at the following link: https://lnkd.in/da7cAg-a. #EconomicImpact #FICStudy #Romania #Investors

📜 𝐕𝐢𝐞𝐭𝐧𝐚𝐦'𝐬 𝐌𝐚𝐣𝐨𝐫 𝐓𝐚𝐱𝐞𝐬 𝐄𝐯𝐞𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐡𝐨𝐮𝐥𝐝 𝐊𝐧𝐨𝐰! 🌐 The Vietnamese tax system is centralized, with all taxes imposed at the national level without any local, city, or provincial variations. 🔍 Businesses will need to be aware of their various tax obligations to ensure compliance and avoid any potential penalties or legal issues. 💡 For companies planning to establish their presence in Vietnam, they will be subjected to the following major taxes: 🔸 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐏𝐈𝐓) 🔸 𝐕𝐚𝐥𝐮𝐞-𝐀𝐝𝐝𝐞𝐝 𝐓𝐚𝐱 (𝐕𝐀𝐓) 🔸 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐂𝐈𝐓) 🔸 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐢𝐜𝐞𝐧𝐬𝐞 𝐓𝐚𝐱 (𝐁𝐋𝐓) 🔸 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐓𝐚𝐱 (𝐅𝐂𝐓) 🏛️ Each of the taxes listed above targets specific areas of business operations to ensure that companies fulfill their tax obligations as mandated by the Vietnamese government. ----------------------------------------------------- 🌟 Interested in expanding your business into Vietnam? Contact Launch JDI today! ✨ As the leading market expansion service provider in Vietnam, we offer top-tier business development strategies for rapid, profitable growth and long-term success. 🚀 Reach out to us today to kickstart your journey: https://lnkd.in/dfCKyTjn #JDI #LaunchJDI #Vietnam #Market #businessexpansion #Tax

Indonesia's Planned VAT Hike Sparks Business and Labour Opposition Amid Economic Concerns As the Indonesian government prepares to raise the VAT from 11% to 12% in January 2025, significant opposition from businesses and citizens is emerging. This rise comes at a time when economic recovery remains precarious, highlighting a key tension between necessary revenue generation and the economic strain on consumers. Minister of Finance Sri Mulyani Indrawati defends the increase as essential for funding post-pandemic recovery efforts. However, this situation raises an important question: How can governments balance the need for revenue with the broader impacts on economic fairness and business sustainability? What measures should Indonesia consider to mitigate these concerns while achieving its fiscal goals?

For anyone considering business expansion into Vietnam, understanding the tax implications is crucial. These represent the primary taxes that require your careful consideration: 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐏𝐈𝐓) 𝐕𝐚𝐥𝐮𝐞-𝐀𝐝𝐝𝐞𝐝 𝐓𝐚𝐱 (𝐕𝐀𝐓) 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐂𝐈𝐓) 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐢𝐜𝐞𝐧𝐬𝐞 𝐓𝐚𝐱 (𝐁𝐋𝐓) 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫 𝐓𝐚𝐱 (𝐅𝐂𝐓) #JDI #LaunchJDI #Vietnam #Market #businessexpansion #Tax