In recent weeks, we have seen governments throughout the Asia Pacific (ASPAC) region take significant measures to alleviate the burden of the COVID-19 pandemic on their citizens and their economies.
This publication overviews a selection of key measures with an emphasis on taxation. It is intended to convey a concise overview of some of the important government measures from which multi-national enterprises (MNEs) in the ASPAC region may benefit, thereby providing a valuable aide for those who are grappling with the potentially overwhelming quantity of releases and updates that have been issued in recent times.
Various income tax, Value Added Tax (VAT) and payroll tax support measures are among the measures that have been implemented throughout the region, in addition to tax administrative concessions.
In view of the scale of the pandemic, and its impact on global enterprise, understanding these developments will be an important means by which the viability and prosperity of these MNEs can best be safeguarded in during this challenging period.
Read the report for full details.