Tax Issue Tackled

Give the benefit of the doubt to taxpayers where taxpayers have been consistently tax compliant and acting in good faith.

Continue offering voluntary disclosure options to taxpayers for previous tax irregularities prior to an audit notification being issued.

Amend the article 215 of the law on taxation to establish, by principle, a limited liability for the now owner of a company.

Develop an online database containing specific positions or interpretations on various tax provisions.

Under the prevailing tax law and regulations, a taxable person is entitled to VAT refund if the purchase is made for businesses purposes with proper VAT invoices. To claim a refund, taxpayers must make sure they fulfill the eligibility criteria according to Prakas 576 on ‘Value Added Tax Refunds’ enacted by the...

Develop a more detailed legal framework to enable stronger provisional measures in the protection of intellectual property rights.

Create a formalised Alternative Dispute Resolution process to address trademark rights infringement cases through relevant ministries.

Consult with the private sector to develop legal instruments to define specific remedies for Intellectual Property Rights infringement cases.

Introduce a pre-registration gazetting requirement for new trademark applications.

Prioritise the adoption of a new Commercial Contracts Law.

Create an independent review mechanism within relevant ministries and public bodies responsible for processing applications and approvals for private entities, and a Supreme Administrative Court.

Ensure that future laws and regulations incorporate practical transitional provisions, and that new legal instruments are not applied to impose retroactive penalties for non-compliance.