Real Estate Tax Incentives Clarified and Extended Oct 20, 2024 Tax Update Key Takeaways: Instruction 014 MEF.N, Prakas 576, and Prakas 573 issued in September and October 2024 clarify the implementation, incentives and exemptions for Tax on Immovable Property, Unused Land T... Instruction Tax Incentive Read more
Taxation of Lease clarified Sep 30, 2024 Tax Update Key takeaways: Instruction 33000 was issued and came into effect from 18 September 2024. A lease agreement may contain a period of time where lease payments are not paid due to construction, design, r... Instruction Read more
GDT e-Administration Application Mar 30, 2024 Tax Update (Instruction No. 11936 GDT, dated 21 March 2024) The General Department of Taxation (GDT) has issued this Instruction to provide guidance on the implementation of the new desktop application called “G... Instruction Read more
New Work Permit Requirements for Foreign Patent Tax Holders Mar 28, 2024 MLVT Update On 28 December 2023, the Ministry of Labour and Vocational Training (“ MLVT ”) issued Instruction 110/23 on the Provision of Foreign Work Permit for Foreign National Employers (“ Instruction ”) to cla... Instruction Read more
Foreigner Work Permits for Foreign National Employers/Employees Jan 12, 2024 MLVT Update On 28 December 2023, the Ministry of Labour and Vocational Training (“ MLVT ”) issued a new Instruction 110/23 on the Provision of Foreign Work Permit for Foreign National Employers (“ Instruction ”) ... Instruction Read more