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1.

CAMBODIA: Online Certificate of Origin System to be Extended to Thai-Proximate SEZs

21 Nov 2018

The country’s online Certificates of Origin (COs) issuing system is set to be introduced in the Special Economic Zones (SEZs) in Koh Kong and Preah Sihanouk, two provinces close to the Thai border....Read More

2.

VIETNAM: 100% Overseas Ownership Approved for Majority of Listed Companies

20 Nov 2018

Overseas investors are to be permitted to acquire a 100% stake in the majority of the country’s listed companies....Read More

3.

MALAYSIA: Labuan Businesses Set to Lose Flat Rate Tax Option

19 Nov 2018

As of 1 January next year, businesses based in the federal territory of Labuan will no longer be entitled to pay tax at a flat rate of RM20,000 (US$4,784) per annum....Read More

4.

PHILIPPINES: Daily Minimum Wage Raised to US$10 in Metro Manila

16 Nov 2018

The daily minimum wage for non-agricultural workers in the Metro Manila region is to increase from P512 (US$9.5) to P537 (US$10) by the end of this month....Read More

5.

MALAYSIA: Property Gains Tax Hiked to 10% for Corporate and Overseas Owners

15 Nov 2018

As of 1 January next year, the 5% Real Property Gains Tax currently payable on assets held for five years or more will be raised to 10% for all companies and overseas nationals....Read More

6.

LAOS: Online Tax Return System Makes Limited Debut

13 Nov 2018

Businesses and individuals in certain designated provinces and districts are now able to file their tax returns via the Ministry of Finance’s recently-launched online platform – the Tax Revenue Inform...Read More

7.

THAILAND: Designated Exports Lose Duty-Free Access to US Market

12 Nov 2018

As of 1 November this year, duty-free access to the US market has been rescinded for a wide range of the country’s exports....Read More

8.

MYANMAR: Six Month Deadline Announced for Local Language Labelling of Imports

9 Nov 2018

After 26 April next year, it will be illegal to sell imported goods in any one of the nine categories unless local language labelling is attached....Read More

9.

PHILIPPINES: Financial and Education Sector Opened Up to 100% Overseas Investment

8 Nov 2018

Following a review of the country’s Foreign Investment Negative List (FINL), businesses in a number of additional sectors have been cleared to be 100% overseas-owned, including higher education (with ...Read More

10.

MALAYSIA: All US$5,980+ Cash Transactions to be Reported as of 1 January 2019

7 Nov 2018

All banks and casinos in Malaysia will be obliged to report cash transactions of RM25,000 (US$5,980) or above as of 1 January next year....Read More

11.

INDONESIA: 0.5% Corporate Income Tax Levy Mooted for E-Commerce Operators

6 Nov 2018

All e-commerce businesses operating in the country are to be obliged to obtain a tax identification number (NPWP) and file self-assessed income tax returns....Read More

12.

VIETNAM: Tax Cut Mooted for All Domestically-Produced Automotive Parts

5 Nov 2018

A tax cut on all locally-produced automotive parts has been proposed by the Ministry of Industry and Trade (MoIT) as a mean of helping to develop a local supply chain for the country’s emerging automo...Read More

13.

THAILAND: Factory Licences Extended Indefinitely in Bid to Curb Corruption

2 Nov 2018

The validity of factory licences across the country is to be extended indefinitely under the terms of a proposed amendment to the Factory Act of 1992....Read More

14.

MALAYSIA: Overseas Worker Tax to Rise as All Non-Malaysian Employees Become State-Managed

31 Oct 2018

The tax payable by overseas workers will rise by at least 20% next year following the introduction of a multi-tiered levy system....Read More

15.

VIETNAM: Stricter Regime Adopted for All Frozen Meat Products

30 Oct 2018

Under the terms of new regulations, jointly issued by the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Science and Technology (MoST, all frozen meat products must be certif...Read More

16.

MYANMAR: Online Corruption-Proof Tax Payment System Set for 2019 Launch

29 Oct 2018

An online tax payment facility is to be introduced in 2019, superseding the current paper-based process, which is said to be open to systematic abuse on the part of both tax payers and officials....Read More

17.

INDONESIA: Monthly Minimum Wage Set to Rise by 8.13%

26 Oct 2018

An 8.13% increase in the minimum monthly wage is to be implemented as of 1 January next year. As the minimum wage varies by region across the country, the increase will show a similar variance in real...Read More

18.

CAMBODIA: EU Threatens to End Duty-Free Export Access Over Human Rights Concerns

25 Oct 2018

The EU is considering ending the duty-free status granted to Cambodia’s exports over growing concerns with regard to the ongoing human rights violations in the Southeast Asian nation....Read More

19.

MYANMAR: New Investment Plan Designed to Boost FDI and Enhance Business Environment

23 Oct 2018

The newly-unveiled Myanmar Investment Promotion Plan 2018 (MIPP) is intended to nurture a three-phase increase in FDI over the next 18 years....Read More

20.

CAMBODIA: Designated SMEs Set for Three-Year Tax Holiday

19 Oct 2018

SMEs active in certain business sectors – including agro-processing, food processing, manufacturing of local inputs and the assembly of IT products – are now eligible for 100% exemption from corporate...Read More

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