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1.

Laos: Imported Machinery and Capital Goods Duty Waivers Application Procedure Announced

18 Jan 2019

The statutory procedures for claiming duty and VAT waivers on machinery and raw materials imported for use in export-oriented manufacturing in certain state-designated priority sectors have now been a...Read More

2.

INDIA: Enhanced Regulation Planned for Import of Duty-Exempt E-Commerce Gift Items

17 Jan 2019

The duty-free import of consumer products as gifts via e-commerce channels is set to be subject to enhanced regulation following concerns that this loophole is currently being exploited for commercial...Read More

3.

MALAYSIA: Statutory Pension Fund Contribution Cut for Employees Aged 60+

16 Jan 2019

In the case of workers aged 60 or more, the minimum statutory contribution to the country’s Employees Provident Fund (EPF) has been revised....Read More

4.

PHILIPPINES: Businesses Exporting to EU Granted Right to Self-Issue Certificates of Origin

15 Jan 2019

Companies exporting from the Philippines to the European Union (EU) under the terms of the Generalised System of Preferences (GSP) programme can now self-issue the required Certificates of Origin (COO...Read More

5.

PHILIPPINES: All VAT Refunds to Be Processed and Paid Within 90 Days

14 Jan 2019

The Bureau of Internal Revenue is now obliged to process and pay all business-related VAT refunds within 90 days of any initial claim....Read More

6.

MYANMAR: Overseas Life Insurance Businesses Invited to Bid for Operating Licences

11 Jan 2019

The country’s insurance sector is now open for foreign direct investment (FDI). In line with this, the government has now formally announced its operational strategy and called for expressions of inte...Read More

7.

INDONESIA: Independent Directors No Longer a Prerequisite for Publicly-Listed Companies

10 Jan 2019

Companies are no longer required to name an independent director or commissioner in order to successfully list on the Jakarta-based Indonesia Stock Exchange (IDX)....Read More

8.

MALAYSIA: LLP Tax Registration System Goes Online

9 Jan 2019

The Inland Revenue Board of Malaysia (LHDNM) has launched an online system for the tax registration of Limited Liability Partnerships (LLP)....Read More

9.

LAOS: Online Database of Local Business Regulations Goes Live

8 Jan 2019

Investors now have instant access to an online database of all the country’s business-related laws and regulations....Read More

10.

INDIA: E-Commerce Platforms Banned from Selling Products from Affiliates

7 Jan 2019

As of 1 February this year, all e-commerce companies operating in India are to be banned from selling items produced by businesses they have a stake in and from entering into exclusive sales agreement...Read More

11.

THAILAND: Online Settlement System Introduced for Customs Liabilities

4 Jan 2019

All customs payments – including export/import levies and air cargo/port fees – can now be made via the online banking services of one of four of the country’s leading banking groups: Bangkok Bank (B...Read More

12.

VIETNAM: Regulations Relaxed to Maximise Overseas Participation in Privatisation Process

3 Jan 2019

Overseas investors are to be permitted to submit foreign currency deposits when bidding to acquire a stake in any of the country’s State-Owned Enterprises (SOEs)....Read More

13.

INDIA: TVs and Digital Cameras Among Raft of Products Granted Reduced GST Liability

2 Jan 2019

TVs with screens of up to 32 inches and digital cameras are among the items that had their Goods and Services Tax (GST) liability cut from 28% to 18% as of 1 January this year....Read More

14.

MALAYSIA: 20% of Overseas Workers’ Salaries to be Retained by Employers Pending Contract Completion

31 Dec 2018

Companies should hold back 20% of the basic salary payments accruing to overseas staff pending completion of their contracted employment periods, according to a new advisory notice issued by the count...Read More

15.

THAILAND: Extended Maternity Leave and Increased Severance Pay Promised for 2019

28 Dec 2018

The statutory maternity leave period is to be extended to 98 days from its current level of 90, although any time off taken for medical checks prior to delivery may be deducted from this total....Read More

16.

MYANMAR: Country’s First Official Credit Bureau Promised Within 12 Months

27 Dec 2018

The country is aiming to establish an official credit bureau over the next 9-12 months, giving local banks and financial institutions access to the financial history of potential domestic borrowers fo...Read More

17.

MYANMAR: Overseas Insurance Companies to be Offered April 2019 Operating Licences

24 Dec 2018

The Ministry of Planning and Finance is to call on overseas-owned insurance companies to bid for April 2019-commencing operating licences....Read More

18.

INDIA: All Shipping Payments Set to be Channelled Via Online Port Community System

21 Dec 2018

India’s maritime industry is to be obliged to ditch all commercial bank payment options in favour of the recently launched online Port Community System (PCS1x)....Read More

19.

LAOS: Application Procedures Announced for Proof of Capital Import Certificates

20 Dec 2018

The Bank of the Lao PDR (BOL), the country’s central bank, has announced the required application procedures for a Certificate of Capital Importation (CCI), the document overseas investors are obliged...Read More

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