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1.

VIETNAM: Investment Incentives and Casino Licences Planned for Three New SEZs

17 Aug 2017

Land leases of up to 99 years are to be offered to investors in three new Special Economic Zones (SEZs), which are to be established in line with Vietnam’s incoming Law on Special Economic Zones, whic...Read More

2.

BANGLADESH: Corporate Income Tax Cut to 12% in Readymade Garment Sector

14 Aug 2017

The corporate income tax (CIT) rate for producers and exporters of readymade garments (RMG) has been cut from 20% to 12%. The tax cut, announced on 5 August, will retrospectively apply from 1 July 201...Read More

3.

INDIA: Expedited Customs Clearance Prioritised in Line with Overall WTO Commitments

11 Aug 2017

Under the terms of the recently announced National Trade Facilitation Action Plan (NTFAP), perishable goods are to be cleared by the Indian customs authorities within 12 hours of their initial import,...Read More

4.

MYANMAR: Emeralds and Diamonds Now Exempt from Special Commodity Tax

11 Aug 2017

The production, sale, export and import of emeralds and diamonds is to be exempt from the Special Commodity Tax (SCT). Prior to this change in legislation, the two were liable for SCT at a rate of 10%...Read More

5.

UAE: First Details Published of Incoming Tax Administration and Compliance Requirements

8 Aug 2017

The first details of the administration and compliance requirements relating to the country’s new tax regime were announced on 31 July, following the enactment of the Tax Procedures Law, the legal bas...Read More

6.

LAOS: Registration of All Packaged Products Now Mandatory

4 Aug 2017

All pre-packaged products traded in or with Laos as will now have to be registered in their original packaged form with the Ministry of Science and Technology prior to being exported, imported, re-pac...Read More

7.

THAILAND: Exporters of Potential Dual Use Items to Face Increased Customs Scrutiny

1 Aug 2017

Exporters of items with a potential dual use – such as goods that are ostensibly designed for commercial use but could have a military application – will now have to comply with a number of additional...Read More

8.

PHILIPPINES: Pangasinan Investors Wooed with Tax Breaks and Streamlined Processing

31 July 2017

Investors in the northern province of Pangasinan (Luzon Island) are to be eligible for exemptions from corporate income tax (CIT) for at least five years under the terms of the provincial government’s...Read More

9.

MYANMAR: FDI Proposals of US$5 Million or Less Now Only Require Regional Approval

31 July 2017

Proposals for investment projects valued at less than US$5 million will no longer be accepted by the Myanmar Investment Commission (MIC)....Read More

10.

LAOS: Would-be Tourism Investors Wooed with Tax Exemptions and Freedom from Land Lease Fees

26 July 2017

Would-be investors in the country’s tourism sector are set to be wooed by exemptions from tax on all profits for up to four years, as well as freedom from land lease fees for a 10-year period....Read More

11.

BANGLADESH: FDI in Readymade Garment Sector Now Permissible Outside EPZs

24 July 2017

The country’s readymade garment (RMG) sector is to be opened up to foreign direct investment (FDI) for the first time. Previously RMG FDI had only been permitted within the country’s export processing...Read More

12.

UAE: Processing Time for Labour Dispute Resolution Cut to 10 Days

24 July 2017

The official processing time for the settlement of labour disputes is to be reduced from 30 days to just 10. This has been facilitated by a number of measures recently adopted by the Ministry of Human...Read More

13.

THAILAND: Trade Competition Act Details Prohibited Practices and M&A Requirements

21 July 2017

The incoming Trade Competition Act, effective as of 5 October, specifies a list of prohibited activities deemed unfair trade practices, while also establishing the Office of Trade Competition Commissi...Read More

14.

SRI LANKA: 13-Amp Square Pin Plugs Mandatory for All New Electrical Appliances

20 July 2017

All electrical appliances produced in / imported to Sri Lanka must be fitted with 13-Amp square-pin plugs (Type G in line with British Standard (BS) 1363) as of 16 August. This follows the adoption of...Read More

15.

INDIA: 10% Customs Duty Imposed on Imported Mobile Phone Chargers and Adapters

19 July 2017

Customs duty of 10% is now payable on all imported mobile phone chargers and adapters. The tax on such items was authorised as of July 14, following the amendment of a 2005 regulation that had erroneo...Read More

16.

INDIA: Supplies to Businesses in SEZs Exempted from Goods and Services Tax

13 July 2017

Goods and services provided to or imported by businesses in India’s Special Economic Zones (SEZs) will be exempted from the Goods and Services Tax (GST), which came into effect across the country on 1...Read More

17.

VIETNAM: Online Service Set to Streamline Medical Equipment Import Process

12 July 2017

The import process for medical equipment is to be streamlined under a new directive from the Ministry of Health. All such imports have now been granted Level 4 status, allowing much of the required pa...Read More

18.

INDIA: Raft of Incentives Announced for New Investment Projects in Uttar Pradesh

7 July 2017

A raft of new incentives are on offer for prospective investment projects in India’s northern Uttar Pradesh state. While the incentives on offer will be extended to all industrial sectors, the state g...Read More

19.

BANGLADESH: Incentives Tax Package Announced for PPP Investors

6 July 2017

A 10-year tax holiday is on offer for investors in a number of upcoming public-private partnership (PPP) infrastructure initiatives....Read More

20.

MALAYSIA: Rubberwood Exports Banned in Bid to Boost Domestic Furniture Sector

5 July 2017

A ban on all exports of rubberwood - a light-colored hardwood obtained from the Pará rubber tree – has been imposed as of 1 July....Read More

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