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VAT

Every story tagged VAT on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

Stories tagged VAT

6 stories in this topic

Tidak Liburan Ke Luar Kota Ide Staycation Dan Liburan Di Jakarta Ini Akan Sangat Membantu Kalian
Sarah ChenGeneral

Indonesia rolls out $52B stimulus package for 2025

Indonesia has unveiled economic stimulus packages totaling IDR827 trillion (US$51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups. The stimulus also aims to cushion the…

philippines
Aiko TanakaLiving

Philippines imposes 12% VAT on digital services by tech giants

The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that aims to level the playing field with domestic players, the country’s Bureau of Internal Revenue (BIR)…

vietnam retail
Sarah ChenLiving

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1. The decree on tax reduction to foster economic recovery approved by the National Assembly will also make expenses on pandemic…

Mr. Charnchai Cherdchoowongthanakorn Senior Executive Vice President for Siam Piwat8714
Minjun ParkLiving

Now tourist can claim VAT refund in downtown Bangkok

According to the announcement by the government’s Reveue Department regarding ‘Downtown VAT Refund for Tourist’, the campaign has kickstarted an initiative to set up counters in numerous locations across central Bangkok to help tourists proceed with VAT…

TAX online
Rajiv MenonE-Tailing

Taiwan’s VAT On Online Retailers Becomes Law

On December 28, Taiwan’s President Tsai Ing-wen signed into law the amendment to the Value-Added and Non-Value-Added Business Tax Act to impose tax on foreign online sellers’ supplies to Taiwanese consumers. The amendment is intended to raise additional…

Global Blue
Rajiv MenonGeneral

Global Blue collaborates on Chinese VAT refund scheme

Tax-free specialist Global Blue has partnered with the Bank of China to launch a VAT refund service to overseas tourists in Shanghai. Travellers in Shanghai are now able to save 9% on their purchases as China has introduced its first tax-free shopping scheme…

Background from the Retail Academy

Evergreen guides that explain the mechanics behind this topic.

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