In terms of business challenges, reforms to the legal framework, improved corporate governance requirements and risk management in business would enhance the development and resilience of the economy. These reforms are essential, since the global economic crisis has placed a greater importance on the need for strong internal auditing and risk...
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Stretching over 17,500 islands and home to around 245m people, Indonesia is a vast, diverse nation with a rapidly growing economy, extensive natural resources and a range of sectors ripe for investment. By far the largest country in ASEAN in terms of both population and area, Indonesia is responsible for one-third of the 10-nation bloc’s total GDP.
The Indonesia tax system continues to evolve, but, for several years, has been mainly based on three primary tax laws – the General Tax Provisions and Procedures Law, the Income Tax Law, and Luxury Sales Tax Law. These tax laws are routinely amended to accommodate the rapidly changing business environment and to support the government objectives of improving the investment climate while...
With cooperation from MERALI’S, this chapter outlines Dubai’s tax rules and regulations, including the steps that need to be taken to meet the legal requirements for firms looking to set up in the emirate. The chapter includes a viewpoint with Mahmud Merali, Managing Partner, MERALI’S.
Articles & Analysis | A look at the landscape: An overview of the tax system and its implications from The Report: Mongolia 2013
Economic and business activities in Mongolia are regulated by a variety of laws, principally the Company Law of 1999, with a major revision in 2007, the Civil Code of 2002, the Law on Foreign Investment of 1993 and the Law on the Regulation of Foreign Investment in Entities Operating in Strategic Sectors of 2012. Currently, Mongolian legislation...
Interviews & Viewpoints | Christian Pellone, Head of Tax, Ernst & Young Mongolia, on recent developments in corporate tax law from The Report: Mongolia 2013
The tax laws in Mongolia were updated to deal with the new market economy following the withdrawal of the former Soviet Union in the early 1990s. Today’s tax landscape is experiencing change as policymakers seek to protect strategic assets without deterring foreign investment. One area of recent focus has been double tax treaties, about which...