Publish in Special Reports - Monday, July 2, 2012
Vietnam, here represented by Hanoi, has Asia's worst tax environment. It takes 39 days to comply with tax regulations. (Photo: Choithuxem)
Asia’s best and worst countries in corporate tax environment.
BY JOACHIM BAMRUD
The small island nation of Maldives has Asia’s best tax environment for companies, while Vietnam has the worst, according to the Asia Tax Index from Latinvex.
The index of 25 Asian countries looks at three factors impacting a country’s tax environment for companies: corporate tax rate; number of payments necessary to comply with local tax regulations and number of hours it takes to comply with local tax regulations
The index uses data from KPMG, the Heritage Foundation and The World Bank.
China ranks better than India, while Japan ranks among the three worst countries in the region.
Keywords: Cambodia, China, Hong Kong, Japan, Korea, India, Indonesia, Laos, Malaysia, Maldives, Nepal, Philippines, Singapore, Taiwan, Thailand, Timor-Leste, Vietnam