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1.

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

2.

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

3.

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

4.

SRI LANKA: 15% Levy Imposed on Gold Imports Following Unexplained Surge in Volume

20 April 2018

All gold imported into Sri Lanka is now subject to a 15% levy. This marks the end of a five-year period where the precious metal was accorded duty-free status and reflects government concerns over a r...Read More

5.

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

6.

INDIA: New Criteria for Verifying Foreign Portfolio Beneficiaries Introduced

13 April 2018

Under new criteria adopted by the Securities and Exchange Board of India (SEBI), the Beneficial Owners (BOs) of Foreign Portfolio Investors (FPI) will be deemed to be individuals owning a 25% stake (o...Read More

7.

INDIA: 10% Customs Duty Imposed on Imported Mobile Phone PCBs, Camera Modules and Connectors

6 April 2018

Basic Customs Duty (BCD) of 10% is now payable on all imported populated printed circuit boards (PCBs), camera modules and connectors for mobile phones....Read More

8.

INDONESIA: Project Value Now Sole Criterion for FDI Tax Exemption

4 April 2018

As a change in investment strategy, the overall value of an FDI-funded project will be the sole criterion in determining its Corporate Income Tax (CIT) exemption entitlement under the country’s invest...Read More

9.

INDIA: Import of Pre-owned Electronic Goods for Export Processing Approved

4 April 2018

Pre-owned electronic goods will now be permitted to be imported into India on the condition that the imported items are exported....Read More

10.

INDONESIA: Import Permit Processing for Export Inputs Cut to Just One Hour

3 April 2018

Import permits for raw materials and other inputs required for the manufacture of export goods in Indonesia can now be secured in just one hour, a massive improvement on the previous 30-day turnaround...Read More

11.

MYANMAR: Promotion Begins for Launch of Online Business Registration System

29 March 2018

The Directorate of Investment and Company Administration has released a set of draft company incorporation forms via its website....Read More

12.

INDIA: Customs Duty on Open Cell Displays Cut from 10% to 5%

29 March 2018

The Indian government has cut the Basic Customs Duty (BCD) on imported open cell displays for LED and LCD television panels from 10% to 5%....Read More

13.

INDIA: Up To 70% Safeguard Duty Looms Over Solar Cell Imports

29 March 2018

A safeguard duty of up to 70% will be imposed on all solar cells imported into India from developed countries as well as from China and Malaysia for a period of 200 days if a proposal to that effect, ...Read More

14.

CAMBODIA: Increased Taxes on Used Vehicle Imports Mooted to Boost Domestic Automotive Industry

28 March 2018

Used cars manufactured before 2000 and imported into Cambodia are set to face increased taxes and stringent technical and environmental tests....Read More

15.

CAMBODIA: Phase Two of National Roll-Out of Online Certificate of Origin System Implemented

22 March 2018

Following a three-month trial in the Thai-bordering provinces of Battambang and Pailin, Cambodia is to extend the use of the online Certificate of Origin (CO) system to two other provinces – Banteay M...Read More

16.

INDIA: Hong Kong Double Taxation Avoidance Agreement Sees Withholding Tax Cut to 10%

22 March 2018

A reduction in the applicable level of Withholding Tax (WHT) from 20% to 10% in the case of Hong Kong residents is one the key benefits of the Comprehensive Agreement for the Avoidance of Double Taxat...Read More

17.

BANGLADESH: VAT Exempted for Imports of Ships Exceeding 5,000 Dead Weight Tonnage

16 March 2018

Ships of more than 5,000 Dead Weight Tonnage (DWT) are now exempt from the payment of value added tax (VAT) when imported into Bangladesh....Read More

18.

CAMBODIA: Halal Certification Launched for Exported Food Products

13 March 2018

Cambodia’s first ever halal certification and label is now on offer for producers and exporters of foodstuffs as well as for restaurant businesses....Read More

19.

MYANMAR: Gems and Precious Stones Now Subject to Export Licences

7 March 2018

An export licence is now required for a list of 3,345 products before they could be exported from Myanmar....Read More

20.

VIETNAM: One-Stop Cargo Clearance System Set for September Rollout

6 March 2018

Plans are in place to extend the use of an automated cargo clearance system to all of the ports and airports in 11 of the country’s major cities and provinces by September 2018....Read More

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