The Cognition season 10 episode 22
The Gyroscopic season 10 episode 23

Pest Analysis

Topics: Indonesia, Tax, Philippines Pages: 12 (3265 words) Published: August 8, 2013
RIVERA, Ma. Elizabeth B. 2010140469 MGT200-1/BY01 1.) Develop a comparative PEST Matrix for the Philippines with another country (the US, any one of the BRIC economies or a SE Asian country). 2.) All information should be attributed properly to their source.

Political Factor
Government PHILIPPINES Unitary presidential constitutional republic Head of the state/chief executive is President elected by the citizen for a single six year term. Cabinet is appointed by the president. Oil Industry commission (Govern by RA 6173); Foreign investment act ( Govern by RA 7042); Telecommunication Industry (Governs by Act 3436): INDONESIA Unitary presidential constitutional republic Indonesia uses the Direct Election System for the election of both its Legislative Members and its President. These elections are held every five year. The next elections will take place in 2014. Banking Industry (Governs by Law Number 10 of 1998 on Bank); Insurance Industry (Governs by Law Number 2 of 1992 on Insurance Industry); Telecommunication Industry (Governs by Law Number 36 of 1999 on Telecommunication); Mining Industry (Governs by Law Number 4 of 2009 on Mineral and Coal Mining); Plantation Industry (Governs by Law Number 18 of 2004 on Plantation); Et cetera. Foreign Direct Investment; and Local Investment (both governs by Law Number 25 of 2007 on Investment) Source:http://tnrlawfirm.blogspot.com/2012/07/ov erview-on-indonesian-company-law.html

Industry laws

Source: Wikipedia

Business tax

Value-Added Tax (VAT) – A 12% VAT for all kinds of product sales, services, and leases. Amusement Taxes –movie houses, cabarets, racing, carnivals etc. Excise Taxes –involves manufacturing of alcohol, tobacco, and petroleum products; importing of automobile or jewelry, and mining must pay special excise taxes. Import Taxes –business involves importation of goods as part of raw material, must pay customs duties.

Corporation Tax “Companies in Indonesia are taxed at a rate of 25%, for both domestic and international sourced income. Resident Indonesian companies are required to withhold tax at a rate of 20% from payments to foreign companies.” Goods and Services Taxation “A Goods and Services Tax (GST) is levied at the rate of approx 10% at point of sale, by major vendors. “

Individual Income Taxes – Income of a sole proprietor must be included in Individual Tax Return (ITR). Personal income from all other sources. Share in a partnership business is also taxable as personal income. Corporate Income Taxes –corporation pays its own income taxes. Real Estate Taxes – business owns real estate or land. Estate or Inheritance Taxes – When someone passed away, their heirs pay inheritance taxes on money and property that you are leaving to them. Source: http://www.millionaireacts.com/2635/typesof-taxes-when-you-have-a-business-inphilippines.html

Land and Constructions Tax “Land Tax and Tax for the buildings constructed there upon must paid annually, or may be paid via arrangement in ten-year blocks by Indonesian land title deed-holders, pursuant to relevant criteria for exclusions. “ Vehicles –Owners of Passenger Vehicle must pay tax.

Source: Wikipedia Public Listed Company (Tbk) - Governs by Law Number 8 of 1995 on Capital Market; and Private Company. Source:http://tnrlawfirm.blogspot.com/2012/07/ov erview-on-indonesian-company-law.html

Type of Business Labour law:

Sole proprietorship, partnership and corporation. Organized under Philippine Laws Presidential Decree No. 442 known as the Labour Code of the Philippines. Eight hours per day or 40 hours per week is the minimum period an employee may be required to work at his regular rate of pay. At least 18 years of old.

Labour laws Article 28D 7-hour workdays and 40-hour workweeks, with one 30-minute rest period for each 4 hours of work is legal in Indonesia. One day of rest weekly is mandatory. Working age is 14 years under the International Program for the Elimination of Child Labour (IPEC)....
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