18 November 2008
Vietnam grants tax incentive to more listed firms
The Vietnamese government has granted more listed companies the right to a corporate income tax reduction in an attempt to boost confidence in one of the world's worst performing stock markets this year. The government has agreed with a Finance Ministry proposal to add companies listed in 2004 to the firms that can enjoy a 50 per cent tax discount for two years since their debut, a government statement seen yesterday said. [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/articles/20081117230737/Article/
20 November 2008
Malaysia-Turkmenistan Ink Agreement To Avoid Double Taxation
Malaysia and Turkmenistan today reached a concrete step in strengthening their bilateral relations in the field of trade and investment by inking an agreement for the avoidance of double taxation on income derived in either of the countries. [Bernama]
http://www.bernama.com/bernama/v5/news_lite.php?id=372888
24 November 2008
IPPs yet to pay two months' windfall levy
INDEPENDENT power producers (IPPs) have yet to pay the levy for October and November as they are still awaiting the decision of the Finance Ministry on a proposal to restructure the payment period of the windfall profit tax. [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/11/24/business/2607875&sec=business