Happy Chinese New Year 2023 from AIRINC!

    Jan 23, 2023 @ 09:33 AM / by Andrea Downing

    AIRINC-CNY-3

    Happy New Year from your team at AIRINC!

    Wishing you and your family a healthy and peaceful new year!

    Our recent DATA POINTS update (a selection of AIRINC Research Results) was conducted primarily in Europe, Asia, and mainland Southeast Asia. Here are some highlights from the APAC region.

     

    HOUSING UPDATE
    Snapshots of expatriate-quality rental markets around the world

    Phnom Penh, Cambodia [RISING]

    Vacancy rates are low for an already limited supply of expatriate-quality housing, especially for larger apartments and houses in central areas. Increased demand has driven rents up and, though new construction is in the works, those projects may not be ready to rent for several more years.

    Taipei, Taiwan [RISING]

    Expatriates have been returning to Taiwan in increasing numbers after the government reopened the border in October. This higher demand is coupled with a reduced supply due to more landlords selling off properties. Larger budgets are now needed to secure good-quality properties.

    Bangkok, Thailand [RISING]

    During the early years of the pandemic and restrictions, tenants had more power to negotiate with landlords. Now, things have returned to a more normal status and with more expatriates coming in, rents are rising.

     

    GOODS AND SERVICES UPDATE
    Highlights from AIRINC’s in-depth research
    Selected 3-month Exchange Rate fluctuations of more than 5%

    DATA POINTS Qtr 4 APAC

    COUNTRY TAX UPDATE
    Changes in expatriate tax

    Myanmar

    The Myanmar tax year changed to begin on April 1st (previously October 1st). For the 2022/2023 tax year, the tax brackets were widened. The top marginal tax rate remains at 25%, applicable to taxable incomes exceeding MMK 70,000,000. Personal allowances are unchanged. Social security contribution rates are unchanged. The net effect of these changes is a decrease in tax for all taxpayers.

     

    Read a recent blog post from one of the Hong Kong team. And don't forget to subscribe to see all our latest news and resources.

    AIRINC APAC Roundtable Discussion Highlights – Singapore

     

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    Topics: Mobility Policy, Insights and Experience, Holidays

    Andrea Downing

    Written by Andrea Downing

    Andrea joined AIRINC in 2014 as a Client Solutions Executive with over fifteen years’ experience in global mobility with expatriate data consultancies. Andrea is the first point of contact for clients within the EMEA region that are managing their first international assignments; she also develops relationships with partner companies in EMEA. Andrea’s experience ranges from conducting pricing surveys to managing consulting projects, providing a full understanding of all the issues clients face with cross-border moves. Andrea has a BSc (Hons) Degree in Biological Sciences from Middlesex University.