Why do companies need a thorough due diligence about Corporate Income Tax when investing in ASEAN?

With capital flooding into ASEAN countries as a result of reduced trade barriers, ASEAN countries have subsequently propelled CIT into the spotlight as a key driver of competitiveness. Countries such as Indonesia and Vietnam have reduced their CIT rate during the past decade. However, while investors might enjoy this privilege of lowered rates, it is still important to conduct due diligence with regard to their tax exposure within varying jurisdictions as specialized business lines and economic factors mean that companies are faced with different levels of treatments.