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1.

CAMBODIA: Employers’ Social Security Contribution Increased to 3.4% of Workers’ Salaries

15 Jan 2018

All companies operating in Cambodia are now required to pay 3.4% of their respective employees’ average monthly salary as a contribution to the National Social Security Fund with the monthly contribut...Read More

2.

SAUDI ARABIA: 5% VAT Now Payable on Goods and Services

4 Jan 2018

VAT of 5% is now payable on all goods/services in Saudi Arabia, except some specified exemptions. Among the products/services deemed to be exempt (or zero-rated) are medicines and certain high-purity ...Read More

3.

INDIA: New e-Waybill Requirement Waived for Transportation of Overseas Cargo Prior to Customs Clearance

20 Dec 2017

The newly mandated rule requiring goods to be registered online prior to their transportation within India will be given a waiver if the overseas cargo is moved between an international port of entry ...Read More

4.

PHILIPPINES: Personal Tax Allowances Increased in 2018 alongside New Product Levies

19 Dec 2017

People earning up to a maximum of P250,000 (US$4,934) per annum in the Philippines will be exempted from paying personal income tax (PIT) from 1 January 2018....Read More

5.

VIETNAM: Minimum Monthly Wage Set to Increase by 6.5% from January 2018

19 Dec 2017

An average increase of 6.5% in the minimum monthly wage is to be rolled out across Vietnam as of 1 January 2018. With wage bands tiered across the country, this will see employees’ monthly pay affecte...Read More

6.

VIETNAM: Fees for Port Facilities in Haiphong Cut by 20%

19 Dec 2017

As of 1 January 2018, the fees for using facilities in the northern port city of Haiphong will be cut by 20%. The move by Haiphong’s municipal government to revise the port fees on port infrastructure...Read More

7.

VIETNAM: Three Month Trial Begins on One-Stop Online Tax System

13 Dec 2017

A one-stop Electronic Tax (eTax) system is currently undergoing a three-month pilot programme in two of the country’s northern provinces – Bac Ninh and Phu Tho....Read More

8.

PHILIPPINES: New Portal Offers Online Business Verification and Streamlined Registration

11 Dec 2017

The recent launch of the publicly-accessible Philippines Business Data Bank (PBDB), an online register of the country’s formally-established businesses, allows an instant authentication – or not – of ...Read More

9.

THAILAND: Daily Minimum Wage Set to Increase by Up To 5%

7 Dec 2017

Thailand’s Baht 300 (US$9.2) daily minimum wage is set to increase by up to 5%. The wage increase is to be implemented by 1 January 2018, following an expected formal endorsement by the Thai Labour Mi...Read More

10.

LAOS: Monthly Minimum Wage Set to Increase to US$142

28 Nov 2017

The monthly minimum wage in Laos is set to increase from Kip900,000 (US$107) to Kip1,200,000 (US$142), with the increase expected to be implemented following the formal endorsement by the Laotian Prim...Read More

11.

CAMBODIA: Online Tax Payment System Set to Boost Revenue and Curb Corruption

28 Nov 2017

Companies and individuals are now able to clear all of their tax liabilities courtesy of a new electronic payment system. Operating under the auspices of the General Department of Taxation (GDT), the ...Read More

12.

INDIA: Suppliers of Medical Devices and Pharmaceuticals Face Liability for Any Harm to Users

27 Nov 2017

Pharmaceutical companies and medical device manufacturers in India may soon be liable to pay compensation should the use of their products cause harm to any user....Read More

13.

VIETNAM: Tax Office Calls for All E-commerce Payments to be Made Via State-run Channels

16 Nov 2017

Under proposed moves, all future cross-border e-commerce transactions may have to be electronically cleared and settled through the National Payment Corporation of Vietnam, the State Bank of Vietnam’s...Read More

14.

INDIA: GST Rate Cut Announced for Watches, Electrical Goods and 176 Other Products

15 Nov 2017

Electrical goods/components, watches and optical products are among the 178 product categories to have their Goods and Services Tax (GST) liability cut from 28% to 18%....Read More

15.

MALAYSIA: Relaxation of Regulatory Regime Said to Offer Easier Access to Bond Markets

8 Nov 2017

The regulations governing the issue of bonds in Malaysia are to be relaxed as of early 2018, with more liberal disclosure requirements set to be introduced at the same time. The changes, introduced by...Read More

16.

THAILAND: 23-Day Tax Break Announced In Bid to Boost Festive Sales

8 Nov 2017

In a bid to give an extra boost to consumer spending over the holiday period, the Thai government has announced that its annual tax deduction scheme will run for an extended period from 11 November to...Read More

17.

INDIA: Government-Certified Hallmark Set to Become Mandatory for Gold Jewellery

6 Nov 2017

As of January 2018, all jewellery in the 14 carat, 18 carat and 22 carat grades sold in India will have to bear an official Bureau of Indian Standards (BIS)-certified hallmark, in order that the purit...Read More

18.

INDIA: Comprehensive Details of Food Regulations Consolidated Online

6 Nov 2017

All of the regulations relating to the country’s food sector have now been consolidated into one state-run website – the Food Regulatory Portal. Overseen by the Food Safety and Standards Authority, th...Read More

19.

THAILAND: Extended Tax Break Expected In Bid to Boost Festive Sales

3 Nov 2017

In a bid to give an extra boost to consumer spending over the holiday period, the Thai government is planning to extend the duration of its annual tax deduction scheme, an end of year initiative that ...Read More

20.

VIETNAM: Deadline for Ending Company-Generated Invoices Extended Until 2019

1 Nov 2017

Companies will continue to be allowed to print their own invoices in Vietnam until 1 July 2019. The country’s General Department of Taxation had previously announced that the practice would be banned ...Read More

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