In conjunction with PricewaterhouseCoopers, OBG explores the taxation system. This chapter includes a viewpoint from Irhoan Tanudiredja, Senior Partner, PricewaterhouseCoopers.
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An archipelago of over 17,500 islands, Indonesia is today the world’s fourth-largest country by population, at 245m. The astonishing diversity of ethnicities and cultures comes together in a democratic framework under the pancasila, or “five principles”: nationalism, humanitarianism, representative democracy, social welfare and monotheism
As evidenced by Sarawak’s positive performance across a variety of subsectors, its economy is already among the most diversified in Malaysia, even before the impending wave of industrial projects begins to contribute. Financial incentives and substantial investments in infrastructure appear to have generated considerable international interest from a range of industries.
Jordan’s stable political environment, as well as the robust growth projections for its economy, should ensure near term investment inflows continue to fuel growth across the board; however, regional instability has been having a negative impact on the country’s tourism sector and rising refugee numbers are putting increased pressure on state services.
Interviews & Viewpoints | Jacques Fakhoury, KSA Country Leader, PwC, on compliance: Viewpoint from The Report: Saudi Arabia 2015
Until recently, Saudi administration relied on the selfassessment of taxpayers. Very few tools and mechanisms were employed by the Department of Zakat and Income Tax (DZIT) to enforce compliance. While certificates for tax and zakat(Islamic alms) were key, they were the only effective instruments that forced firms to follow regulations...
Articles & Analysis | Tax system and tax regulations from The Report: Saudi Arabia 2015
Saudi Arabia takes third place in the global list of countries ranked by ease of paying taxes, a remarkable achievement for a G-20 country with a GDP of over $700bn. Yet with the necessary due care and commitment to compliance, businesses can enjoy the advantages of the system.