by Antti Rahikainen | Aug 6, 2025 | Editors Choice, ASEAN, Business, Economy, Exports, Investment, Research, Taxation
The United States introduced new tariffs on ASEAN countries through an executive order signed by President Donald Trump on 31 July 2025, marking a significant shift in US trade policy. These levies, scheduled to take effect on 7 August, present a pivotal challenge for...
by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Taxation
The Thai Revenue Department is drafting a income tax law. The aim is to start taxing the income of individuals residing in Thailand that originates from overseas. The draft follows the international principle of worldwide income under the residence rule, according to...
by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam
Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | Jun 17, 2024 | Vietnam, Food & Drinks, Health, Lifestyle, News, Society, Taxation
Vietnam’s Finance Ministry is proposing a hike in special consumption tax on alcoholic drinks to 100% by 2030. Under the draft, the tax on beer and strong liquor will first be raised to 70-80% by 2026 from the current 65%. “Alcoholic drinks and beer prices...
