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1.

THAILAND: Body Care Items and Construction Materials Among Five New SEZ-Approved Categories

23 June 2017

The production of five additional product categories within the country’s Special Economic Zones (SEZs) has been given government approval. The five approved categories are body care products; animal ...Read More

2.

CAMBODIA: Single Window Customs Clearance System Adopted in Move to Counter Corruption

23 June 2017

A one-stop service has been introduced for importers / exporters, with traders now able to submit import / export documents and pay any required customs duties and taxes via one of six single-window s...Read More

3.

MALAYSIA: Tax Evading Expats Face Entry / Exit Ban as of 1 July

21 June 2017

Any overseas worker who fails to pay their due tax liabilities will be barred from entering Malaysia or, if still resident, from leaving. As of 1 July, this ruling will apply equally to those discover...Read More

4.

THAILAND: Land Rent Slashed on Latest Tranche of SEZ Sites

16 June 2017

Land rents are to be slashed in a bid to boost investor interest in the latest tranche of Special Economic Zones (SEZs). According to the Thai Treasury Department, this will come in to effect with reg...Read More

5.

THAILAND: Eight-year Tax Waiver for Automotive and Electrical Parts FDI Projects

12 June 2017

Investors in FDI-backed projects related to the automotive and electrical parts design sectors are now eligible to apply for an eight-year waiver of theirs corporate income tax (CIT) obligations....Read More

6.

INDONESIA: 1 Billion Rupiah Bank Balances Face Tax Scrutiny

9 June 2017

All bank accounts with a balance of Rupiah 1 billion (US$75,000) or more as of the year-end will be liable to scrutiny by tax officials....Read More

7.

THAILAND: Imports Found to Have Dodged ADD Duties to Face Punitive Tariffs

5 June 2017

Goods found to have been imported in contravention of existing Anti-Dumping Duty (ADD) and Countervailing Duty (CVD) legislation will be subject to punitive tariffs set to be introduced before the end...Read More

8.

CAMBODIA: Online Registration Launched to Counter Corrupt Trademark Payments

2 June 2017

Companies and individuals are now able to register trademarks online. The move has been made in a bid to reduce corruption, with applicants no longer obliged to directly engage with government officia...Read More

9.

VIETNAM: Overseas Retailers Face 2012-2016 Tax Audit Over Relocated Profits

2 June 2017

Local tax authorities are to conduct audits of foreign retailers in order to detect any instances of profits being shifted overseas in order to artificially reduce tax liabilities through transfer pri...Read More

10.

MALAYSIA: Online Retailers Given 30 Days to Register Trading Status

1 June 2017

Businesses that trade online are now obliged to register with the Companies Commission of Malaysia (CCM), the country’s corporate regulator....Read More

11.

INDONESIA: Bank Accounts Now Open to International Tax Scrutiny

22 May 2017

Indonesian tax authorities are to be allowed to access accounts held by both citizens and overseas residents in the country’s banks and other financial institutions....Read More

12.

MYANMAR: Unused Industrial Zone Land to Revert to Government After Six Months

18 May 2017

Ownership rights to unused industrial land are to revert to the government if they fail to become operational within a six-month period. The move follows concerns that such land in industrial zone sit...Read More

13.

BRUNEI: Enhanced Rights Granted to Minority Shareholders

18 May 2017

Shareholders of any Brunei-registered business are to have the right to attend company meetings and speak with regard to any matter arising. The change, an amendment to Brunei’s Companies Act, has bee...Read More

14.

INDONESIA: Carry-In Foreign Currency to be Capped at US$75,000

17 May 2017

Visitors to the country are to be restricted to bringing in a maximum of US$75,000 in foreign currency. The new limit, set by the country’s central bank, will apply as of 5 March 2018. At present, the...Read More

15.

VIETNAM: Seafood Set For Expedited Export Regime

17 May 2017

Compliance procedures for seafood exports are to be streamlined in response to concerns over the high costs and lengthy delays associated with current regulations on technical and food safety standard...Read More

16.

PHILIPPINES: Tax Incentives Mooted for Green Manufacturing Sector

16 May 2017

Energy-efficient investment projects in the manufacturing sector are to qualify for as yet unspecified tax incentives. The move, announced by the Philippines Board of Investment, will see clean energy...Read More

17.

MALAYSIA: Sarawak Imposes 6,000% Tax Hike to Protect Hill Timber

16 May 2017

The government of Sarawak state is to increase the tax on hill timber by more than sixty times, taking it from a maximum of RM0.80 (US$0.18) to RM50 (US$11.5) per cubic metre. The new rate will apply ...Read More

18.

PHILIPPINES: PPP Projects to be State-Built but Privately-Operated

12 May 2017

Upcoming public-private partnership (PPP) projects are to favour a hybrid model, with the Philippine government building the infrastructure, and private investors then operating and maintaining the fa...Read More

19.

MYANMAR: FDI in Proscribed Business Sectors Must Be Registered by March 2019

9 May 2017

Foreign investors with an existing interest in any of the recently-proscribed FDI sectors have until 29 March 2019 to notify the Myanmar Investment Commission (or any other relevant state or regional ...Read More

20.

MALAYSIA: Compulsory Transhipment Ended for Goods Bound for Sarawak, Sabah and Labuan

8 May 2017

Sea freight to and from the states of Sarawak, Sabah and the Federal Territory of Labuan will no longer be required to be transhipped at the Port of Klang....Read More

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