Tax incentives in Asia-Pacific
Availability of incentives is one of the key location consideration for investments. Have you assessed them?
The opportunities in the Asia-Pacific region are boundless as the region continues to be a major driver of the global economy. For companies seeking to invest and expand their operations into the region, the availability of incentives continues to be a key consideration.
In Asia-Pacific, Southeast Asia has been one of the bright spots of growth. With a population of 629 million and combined Gross Domestic Products (GDP) of US$2.4t, it is the sixth largest economy in the world. As the ASEAN regional organization embarks on the journey to be a single market in goods and services, the provision of incentives continues to be an important fiscal policy tool in attracting foreign direct investment (FDI) into the region.
Beyond Southeast Asia, tax incentives are also important to policy-making by governments in Asia-Pacific, such as Australia and South Korea.
Australia’s natural resources and resilient financial system continue to position it as an appealing FDI destination. In South Korea, now one of the world leaders in high-tech manufacturing, incentives have been instrumental in spurring economic growth through innovation.
This latest EY incentives guide offers case studies and insights into the incentives regimes and outlook of the above countries in Asia-Pacific. It will be updated regularly to reflect the evolving priorities and focus of the respective governments.
Companies that are looking to explore the business opportunities in these countries will find the information on eligibility and availability of incentives useful.
If you would like to be notified and receive updates on the incentives in each country, please click here.