Reduction of Income Tax Rates for Publicly Listed Companies and Establishment of VAT Withholder Criteria for E-Commerce Businesses

Reduction of Income Tax Rates for Publicly Listed Companies and Establishment of VAT Withholder Criteria for E-Commerce Businesses

Newsletter - Reduction of Income Tax Rates for Publicly Listed Companies and Establishment of VAT Withholder Criteria for E-Commerce Businesses

DDTC Newsletter Vol.04 | No.01

10 July 2020

Total Downloads 1198

To address the threat of financial stability due to the Covid-19 pandemic, not only is the government intensifying the provision of tax incentives, but the government is also undertaking other measures, among others, reducing Income Tax rates for publicly listed companies. Further, the government is moving forward by establishing certain criteria as the basis to appoint PMSE business players as VAT PMSE withholders. Within the last two weeks, the government has also released regulations on the Ministry of Finance’s 2020-2024 strategic plan, the stipulation of import duty tariffs in the framework of AHKFTA and IA-CEPA, expansion of the scope of ASP services, and other regulations summarized in this edition of the newsletter.

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Newsletter - Reduction of Income Tax Rates for Publicly Listed Companies and Establishment of VAT Withholder Criteria for E-Commerce Businesses

DDTC Newsletter Vol.04 | No.01

10 July 2020

Total Downloads 1198

To address the threat of financial stability due to the Covid-19 pandemic, not only is the government intensifying the provision of tax incentives, but the government is also undertaking other measures, among others, reducing Income Tax rates for publicly listed companies. Further, the government is moving forward by establishing certain criteria as the basis to appoint PMSE business players as VAT PMSE withholders. Within the last two weeks, the government has also released regulations on the Ministry of Finance’s 2020-2024 strategic plan, the stipulation of import duty tariffs in the framework of AHKFTA and IA-CEPA, expansion of the scope of ASP services, and other regulations summarized in this edition of the newsletter.

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