At a glance: Tax rates across Asean
The Association of Southeast Asian Nations (Asean) has taken significant steps towards economic integration, particularly with the launch of the Asean Economic Community. Import tariffs have been reduced and the Asean member states have agreed to eliminate certain withholding taxes and complete double taxation agreements.
But companies interested to venture into or invest in the Asean markets will need to be aware that taxation regimes still vary widely across the 10 member states.
Here is ASEAN BUSINESS' summary table of the key tax rates across the 10 Asean markets.
Our huge caveat: these are merely the "headline" rates. Often, there exist multiple criteria on when the rates do and do not apply, as well as rebates and exemptions for certain businesses. So the effective tax bill may differ hugely, depending on the type of business, its significance to the particular market, and its profitability. Personal income tax rates also refer the top marginal rates for each market.
We've also provided references below to sources and publications, should you require it. The following table is intended only for quick reference.
Market
Tax Authority
Corporate Tax
Indirect Tax
Personal Tax
Singapore
Inland Revenue Authority of Singapore (IRAS) https://www.iras.gov.sg/irashome/Quick-Links/Tax-Rates/
17
7
22
Malaysia
Inland Revenue Board of Malaysia http://www.hasil.gov.my/index.php
24
6
28
Indonesia
The Directorate General of Taxes http://www.pajak.go.id/?lang=en
25
10
30
Philippines
Bureau of Internal Revenue https://www.bir.gov.ph/
30
12
35
Thailand
The Revenue Department http://www.rd.go.th/publish/index_eng.html
20
7
35
Cambodia
General Department of Taxation http://www.tax.gov.kh/en/
20
10
20
Vietnam
General Department of Taxation http://www.gdt.gov.vn/wps/portal/english
20
10
35
Myanmar
Internal Revenue Department http://www.irdmyanmar.gov.mm/en
25
25
2
Laos
Tax Department http://tax.gov.la/Eng_WebPAges/About.aspx
24
10
24
Brunei
The Revenue Division, Ministry of Finance http://mof.gov.bn/Divisions/revenue-about-us.aspx
18.5
0
0
Sources: Tax authorities, KPMG, Deloitte, EY, PwC
Official: The official Asean website has a page on taxation, though not fully updated.
Deloitte: The Deloitte International Tax Source's online database shows current rates for a range of taxes for 66 jurisdictions. The Asean markets not covered by DITS are Brunei, Cambodia, Laos and Myanmar. But all are covered in Deloitte's Corporate Tax 2018 and Withholding Tax 2018 guides.
EY: Their 2018 Worldwide Corporate Tax Guide allows readers to search online by country, or download a PDF copy of the full guide.
KPMG: Their "Tax Rates Online" tool allows users to compare corporate, indirect, individual income, and social security tax rates for individual countries, or across multiple countries.
PwC: Their Worldwide Tax Summaries Online tool covers more than 150 territories, including all the Asean markets except Brunei. It is also available as a PDF guide.
Here are our TAX GUIDES for each of the 10 Asean markets: Singapore | Malaysia | Indonesia | Thailand | Philippines | Vietnam | Cambodia | Myanmar | Laos | Brunei
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