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1.

CAMBODIA: Designated SMEs Set for Three-Year Tax Holiday

19 Oct 2018

SMEs active in certain business sectors – including agro-processing, food processing, manufacturing of local inputs and the assembly of IT products – are now eligible for 100% exemption from corporate...Read More

2.

CAMBODIA: US$182 Minimum Monthly Wage Agreed for Workers in Garment/Footwear Sector

18 Oct 2018

The minimum monthly wage in the garment/footwear sector is to rise from US$170 to US$182 as of 1 January next year, according to an announcement by the Labour Ministry....Read More

3.

VIETNAM: Mandatory Registration Scrapped for E-commerce Operators

16 Oct 2018

As of 18 October 2018, individuals and businesses operating e-commerce websites will no longer be obliged to register with the Ministry of Industry and Trade....Read More

4.

CAMBODIA: Surge in Activity Spurs Plans for E-Commerce Transaction Tax

15 Oct 2018

The government is said to be considering introducing an e-commerce transaction tax. While no date has been announced for its implementation, the move is seen as a bid to increase state revenues amid a...Read More

5.

MYANMAR: 30-Day Visa-Free Entry On Offer to Hong Kong Holidaymakers

11 Oct 2018

Hong Kong passport holders are now entitled to visa-free entry into Myanmar for periods of up to 30 days....Read More

6.

THAILAND: Overseas Business Licence Requirement Set to be Waived in Three Service Sectors

10 Oct 2018

Overseas investors will no longer require business licences to operate in three service industry sectors – lending, office space rental and consultancy – providing such services are only extended to s...Read More

7.

INDONESIA: FDI Tax Holiday Scheme Extended to All Business Sectors

9 Oct 2018

The country’s FDI-related tax holiday programme is set to be extended to every business sector. At present, depending on project value, up to 100% corporate income tax exemption is on offer to FDI-fun...Read More

8.

INDIA: E-Commerce Operators Obliged to Collect 1% Tax from Suppliers/Retailers

3 Oct 2018

As of 1 October, operators of e-commerce websites have been obliged to collect a 1% Goods and Services Tax (GST) from all companies that sell products in India via their online platforms....Read More

9.

BANGLADESH: Readymade Garment Workers Get First Pay Rise Since 2013

2 Oct 2018

The monthly minimum wage for workers in the country’s export-oriented readymade garment (RMG) sector is set to increase from US$63 to US$95, the first pay rise since 2013....Read More

10.

CAMBODIA: 30 November Deadline for 2019 Overseas Worker Permit Applications Announced

21 Sept 2018

Companies planning to employ overseas nationals next year have until 30 November to provide the country’s Ministry of Labour with full details of their anticipated level of non-Cambodian workers....Read More

11.

LAOS: Export-Import Licence Processing Time to be Cut by 50%

20 Sept 2018

Import/export licence application bureaucracy is set to be cut by 50%, with the manual processing time for permits related to vehicles, fuel and diamonds reduced from two days to just one day by 2019....Read More

12.

SAUDI ARABIA: Overseas Employees to be Phased Out of 12 Retail Sectors

19 Sept 2018

Employers in 12 retail sectors are to be banned from having overseas staff on their payrolls in a three-phase process. Since 11 September, it has been illegal for non-Saudis to work in automobile, clo...Read More

13.

MALAYSIA: New National Minimum Wage Set for January 2019 Introduction

10 Sept 2018

The current regional minimum wage variations are to be superseded by a uniform national rate as of 1 January 2019....Read More

14.

UAE: Abu Dhabi Global Market Cuts Annual Fees to Incentivise Start-ups

7 Sept 2018

Start-ups looking to operate out of the capital’s Abu Dhabi Global Market, a federal government-supported international financial free zone, are now only required to pay a reduced annual fee of AED2,5...Read More

15.

CAMBODIA: Fortnightly Salary Payments Mandatory From 2019

3 Sept 2018

As of 2019, all employee will be paid on a fortnightly basis, regardless of whether they work in the private or the public sectors....Read More

16.

PHILIPPINES: Tagbilaran Launches Online Tax and Business Permit Payment System

29 Aug 2018

The Tagibilaran local government has launched a new online facility for the payment of business permit fees and taxes....Read More

17.

LAOS: Local Language Product Labelling Set to be Strictly Enforced

21 Aug 2018

All on-sale consumer goods must now carry product information in the local language. Although this first became a legal requirement in December 2015, it is only now that the Ministry of Industry and C...Read More

18.

VIETNAM: Lowest Rise in Minimum Wage for 10 Years Announced for 2019

17 Aug 2018

The lowest average increase in the minimum monthly wage for 10 years – 5.3% – is to be rolled out across the country as of 1 January 2019....Read More

19.

MALAYSIA: 10% Product Tax and 6% Services Tax Set for 1 September Implementation

14 Aug 2018

As of 1 September, a 10% tax will be payable on all goods sold in the country, while services will be subject to a 6% levy....Read More

20.

SRI LANKA: Seven-Day Electronic Transfer Mandatory for Shareholder Dividends

13 Aug 2018

Companies listed on the Sri Lankan Stock Exchange are now obliged to electronically-transfer dividends to the bank accounts of their shareholders within seven working days of their initial issuance....Read More

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