Tax Compliance in ASEAN in 2018
Businesses are affected not only by tax rates but also by the ease with which taxes are paid in a jurisdiction. Therefore, it is advisable for business and tax payers to consider aspects like time taken to calculate taxes, to file tax returns, and effectiveness of a government’s tax policies in a particular jurisdiction – more than tax rates – while determining the place of doing business. For many of the ASEAN’s developing markets, slight differences in tax rates can be more than offset by difference in time taken to comply with tax-related procedures.
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