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1.

INDONESIA: Projects with FDI Backing Below US$35 Million Set for 50% CIT Cut

25 May 2018

A 50% cut in corporate income tax, over a five-year period, is on offer for all new FDI projects valued in the Rp100 billion (US$7.16 million) to Rp500 billion (US$35.2 million) range....Read More

2.

VIETNAM: Minimum Equity Requirement Raised to 20% for PPP Investors

23 May 2018

The minimum equity requirement for private investors in public-private partnership (PPP) projects requiring investment capital of up to VND 1,500 billion (US$66 million) is to increase from its presen...Read More

3.

LAOS: National Initiative to Improve Investment Environment Launches 1 July

21 May 2018

All applications for an Enterprise Registration Certificate (ERC) must now be processed within 10 working days by the relevant local government agency....Read More

4.

MALAYSIA: Goods and Services Tax Effectively Abolished as of 1 June

18 May 2018

Malaysia’s Goods and Services Tax (GST) is set to be, effectively, abolished as of 1 June this year. In the first instance, it will be cut from its present rate of 6% to 0%, before being formally abol...Read More

5.

INDONESIA: Eight Additional Ports Granted International Status

17 May 2018

Eight additional ports are to be granted international status - Muara Sabak (Jambi province); Ciwandan, Cigading, and Merak Mas (Banten province); Belinyu and Tanjung Pandang Bangka Belitung Islands p...Read More

6.

MYANMAR: Overseas Investors Now Free to Run Wholesale and Retail Businesses

16 May 2018

Overseas investors are now free to trade in all legal goods on both a retail and wholesale basis. This entitlement extends across all imported and domestically-manufactured goods and can be conducted ...Read More

7.

THAILAND: Tax Exemptions Look to Woo Smart City and Logistics Investors

15 May 2018

The Board of Investment has unveiled a range of Corporate Income Tax (CIT) related incentives for would-be investors across a number of sectors, including smart city development, logistics operations ...Read More

8.

VIETNAM: Coastal City Launches Online SME Showcase and Business Matching Service

14 May 2018

The coastal city of Danang has launched a dedicated portal – www.danangtrade.gov.vn – designed to showcase local SME products....Read More

9.

MYANMAR: Businesses Face January 2019 Deadline for Online Re-registration

11 May 2018

Once the country’s online business registration system launches on 1 August, companies will have until 31 January 2019 to migrate their details to the new portal....Read More

10.

CAMBODIA: Raft of Incentives Looks to Woo Small Businesses into Tax Registration

10 May 2018

In a bid to woo the 95% of the country’s 510,000 micro, small and medium enterprises (MSMEs) that remain firmly in the informal sector, a raft of incentives is on offer to any that voluntarily registe...Read More

11.

VIETNAM: Deadline for Cut in Formaldehyde and Aromatic Amines Levels in All Textiles Postponed Until 2019

8 May 2018

The deadline for cutting the level of formaldehyde and AZO dye-derived aromatic amines in all textile products sold in the country has been extended until 1 January 2019....Read More

12.

VIETNAM: Self-Issued Certificates of Origin Mandatory for EU GSP Exports from 2019

7 May 2018

From 2019 onwards, all companies exporting to the European Union (EU) under the terms of the Generalised System of Preferences (GSP) programme will be obliged to self-issue Certificates of Origin (COO...Read More

13.

LAOS: One-Stop Investment Registration Service Launched

3 May 2018

Overseas investors can now apply for an Enterprise Registration Certificate or a Concession Registration Certificate via a new one-stop service launched by the Ministry of Planning and Investment (MPI...Read More

14.

CAMBODIA: Importers of Travel Goods to the US Set for Levy Refund

2 May 2018

Any companies that have exported Cambodian travel goods to the US may be entitled to a refund on all duties levied between 31 December 2017 and 22 April 2018....Read More

15.

INDONESIA: Government Moves to Streamline FDI Tax Exemption Procedures

27 April 2018

FDI-backed businesses looking to take advantage of the country’s corporate income tax (CIT) exemption incentives should find things a little easier in future, with the application process cut from nin...Read More

16.

LAOS: Minimum Monthly Wage to Increase to US$132 as of 1 May

26 April 2018

The minimum monthly wage is set to increase from Kip900,000 (US$108) to Kip1,100,000 (US$132) as of 1 May 2018....Read More

17.

THAILAND: Minimum Paid-Up Capital Cut by 50% for Digital Payment Services Providers

25 April 2018

Companies looking to establish themselves as digital payment services providers (PSPs) now only need to have paid-up capital of Baht 100 million (US$3,175,540), just half of the Baht 200 million previ...Read More

18.

MYANMAR: Private Education Sector Opened Up to 100% Overseas Ownership

24 April 2018

For the first time, overseas-based companies and individuals are to be allowed to wholly-own and operate private schools in the country....Read More

19.

VIETNAM: One-Stop Cargo Clearance System Extended to Hanoi Airport

23 April 2018

The country’s automated cargo clearance system is now up and running at Noi Bai International Airport, the primary air terminal serving Hanoi, the national capital....Read More

20.

INDONESIA: New Industrial Cluster Kicks-off Country’s Halal Charm Offensive

19 April 2018

A halal-focussed industrial cluster is set to be established in the Batamindo Industrial Park on Batam Island (Riau Islands Province), set 60 km to the south of the Indonesia-Singapore border....Read More

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