Search results

• Pakistan’s FY11 budget – Debt and taxes

  Date: 8 June 2010
  Author: Sayem Ali
  Region: South Asia
  Categories: Economics
  

  FY11 budget targets reducing the deficit to 4% of GDP from 5.3% to limit public debt, inflation • GST rate raised to 17% from 16%, introduction of VAT delayed to October 2010 • Energy subsidies reduced by 50%; investment spending raised to 3.9% of GDP from 3.5% • Budget aims to support growth of 4.5%, bring inflation down to 9.5%; we see inflation of 12%

• China – Tax revenues are picking up

  Date: 28 September 2009
  Author: Stephen Green
  Region: China
  Categories: Economics
  

  ...Tax revenues are showing strength across the board, including corporate income tax • The...

• Indonesia – New tax regulations on foreign investment

  Date: 29 December 2009
  Author: Edward Lee Wee Kok, Eric Sugandi
  Region: South East Asia
  Categories: Economics
  

  ...Ministry of Finance issues new rules to tighten tax treatment on foreign investment • Offshore mutual funds and collective funds can no...

• China – They’re going after your villa!

  Date: 28 April 2010
  Author: Jinny Yan, Stephen Green
  Region: China
  Categories: Economics
  

  ...homes • The cities will likely target large/luxury homes with relatively low tax rates • Extending the property tax to all homes is the only fair...

• Malaysia – The GST dilemma

  Date: 3 September 2009
  Author: Alvin Liew, Tai Hui
  Region: South East Asia
  Categories: Economics
  

  ...GST can diversify tax revenue and reduce reliance on oil-related revenue • Corporate and personal income...

• Singapore – Unprecedented budget for extraordinary times

  Date: 22 January 2009
  Author: Alvin Liew, Tai Hui
  Region: South East Asia
  Categories: Economics
  

  ...20.5bn “Resilience Package” • Highlights include job credit scheme, cutting corporate income tax from 18% to 17%, undertake risk sharing in trade financing, one-off...

• Malaysia – 2010 budget will be difficult to achieve

  Date: 23 October 2009
  Author: Alvin Liew, Edward Lee Wee Kok
  Region: South East Asia
  Categories: Economics
  

  ...in 2010 looks challenging • No timeframe for GST implementation but personal income tax cut to 26% in 2010 • 2010 financing requirement is favourable for rates...

• Singapore – FY09 budget preview

  Date: 7 January 2009
  Author: Alvin Liew, Tai Hui
  Region: South East Asia
  Categories: Economics
  

  ...We expect a 450bps cut in employers’ CPF contribution rate, one-off tax waivers We do not expect changes to GST, corporate, and personal income...

• Sri Lanka – Deficit reduction on track

  Date: 29 June 2010
  Author: Samantha Amerasinghe
  Region: South Asia
  Categories: Economics
  

  ...so, fiscal policy is likely to remain supportive of growth • No major tax reforms were announced; comprehensive tax reforms to be outlined in August

• Pakistan – Government unveils fiscal stimulus of 1.5% of GDP in FY10 budget

  Date: 16 June 2009
  Author: Sayem Ali
  Region: South Asia
  Categories: Economics
  

  ...spending on power and irrigation should support industry and the agricultural sector • Tax revenue targets are unlikely to be met • Large external aid flows should...