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CIT and VAT comparison among Asean nations
07/27/2020
Area
Corporate Income Tax (CIT)
Value Added Tax (VAT)
Vietnam
20%
8%
Cambodia
20%
10%
Indonesia
22%
10%
Laos
24%
10%
Malaysia
24%
Sales tax 10%
Myanmar
25%
-
Philipines
30%
12%
Singapore
17%
7%
Thailand
20%
7%
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