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1.

PHILIPPINES: Zero Levies Re-instated for Approved FDI Imports

20 July 2018

FDI-backed businesses can once again import certain approved capital goods on a duty-free basis. The move sees the revival of an incentive scheme that originally expired in May this year, with eligibl...Read More

2.

THAILAND: Infrastructure-Proximate Land and Property Owners Face Windfall Tax

17 July 2018

Landowners – whether individual or corporate – are to be taxed on the rise in the value of any of their properties occasioned by being 5km or less from a major transport infrastructure project....Read More

3.

INDONESIA: 60-Minute Business Licence Processing System Comes Online

16 July 2018

Individuals and businesses – including overseas investors – can now register and secure any required licences within 60 minutes, including location, environmental and building permits....Read More

4.

MYANMAR: Trading on Yangon Stock Exchange to be Opened-Up to Non-Locals

12 July 2018

As of 1 August this year, non-local residents are to be permitted to buy and sell shares on the Yangon Stock Exchange (YSX)....Read More

5.

THAILAND: Temporarily-Reduced 7% VAT Rate Extended for 19th Year

10 July 2018

The currently-reduced 7% VAT rate is to be maintained until at least the end of September 2019. Previously scheduled to expire on 1 October this year, this marks the 19th time the reduced rate has bee...Read More

6.

INDONESIA: Clampdown on Child-Targetted Condensed Milk Products Announced

9 July 2018

It is now illegal to promote sweetened condensed milk (and its derivatives) as nutritional dairy substitutes for children or infants....Read More

7.

MYANMAR: Companies Face Mandatory Re-Registration Following August Business Portal Launch

6 July 2018

When Myanmar Companies Online (MyCO), the country’s new digital business registration system, is launched on 1 August, existing businesses will be able to complete their mandatory registration free-of...Read More

8.

CAMBODIA: Online Certificate of Origin System Rolled Out on in Vietnam Border Provinces

3 July 2018

Use of the county’s online Certificates of Origin (CO) system has been extended to two of the province’s bordering Vietnam – Ratanak Kiri and Tboung Khmum....Read More

9.

MYANMAR: GSP Benefits Only Open to State-Registered Exporters

27 June 2018

Companies looking to export goods to the European Union, Switzerland, Norway or Turkey under the Generalised System of Preferences (GSP) programme must be listed on the Ministry of Commerce’s Register...Read More

10.

LAOS: Exporters and State-Designated Priority Sectors Freed from VAT Liability

26 June 2018

Export-oriented manufacturers and business in certain state-designated priority sectors are to be exempt from paying VAT....Read More

11.

PHILIPPINES: High-Sugar Content Drinks to Carry Mandatory Health Warnings

25 June 2018

The potential health risks of sugar-sweetened/energy drinks are to be highlighted on all relevant product labelling....Read More

12.

MALAYSIA: Extended Tax Holidays for High-Tech FDI-Backed Projects

22 June 2018

Extensions to the existing 10-year Corporate Income Tax (CIT) exemption entitlement for FDI-backed initiatives are now on offer to any such project likely to provide work for suitably skilled staff in...Read More

13.

VIETNAM: Free Company Incorporation in National Capital from August Onwards

21 June 2018

Companies will be incorporated free of charge in Hanoi from August this year onward. The move comes as part of a bid to increase the number of businesses registered in the country’s capital from the c...Read More

14.

MYANMAR: FDI Projects Obliged to File Performance Report for Each Financial Year

19 June 2018

Annual performance reports must be filed within three months of the end of the financial year for all the country’s FDI-backed projects, according to a new directive from the Myanmar Investment Commis...Read More

15.

INDONESIA: One-stop Export / Import Portal Goes Live

15 June 2018

Export / import permits and cargo clearance can now be secured via the Indonesia National Single Window, the country’s new trading portal. With all documents submittable online, the relevant data is s...Read More

16.

VIETNAM: Controversial Cybersecurity Law Set to Make All User Data Government-Accessible

15 June 2018

Vietnam's controversial new Law on Cybersecurity will oblige all overseas service providers – including the likes of Google and Facebook – to store all data on local users on Vietnam-based servers, wh...Read More

17.

LAOS: Application Procedure for New National Standards Accreditation Announced

12 June 2018

Companies looking to secure the rights to certify their products as in compliance with the country’s newly-introduced National Standards system must first secure a permit from the Department of Standa...Read More

18.

CAMBODIA: Online Economic Data Service Targets Overseas Investors

8 June 2018

Overseas investors are to be given instant access to a vast range of economic data relating to the country via the National Summary Data Page (NSDP), a new, government-backed online resource....Read More

19.

INDONESIA: Tax Dodgers Face Ban on Overseas Travel

4 June 2018

Tax evaders face being banned from leaving the country as the government continues its crackdown on individuals and businesses who fail to remit the statutory proportion of their earnings to the exche...Read More

20.

PHILIPPINES: Tardy Civil Servants Face Prosecution for Delayed Business Licence Approval

1 June 2018

Government officials who fail to process business licence and permit applications within a specified timeframe may find themselves liable for prosecution under the terms of the recently-enacted Ease o...Read More

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