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1.

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

2.

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

3.

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

4.

INDONESIA: Singapore Banks Set to Share Detail of all Indonesian Holdings

18 July 2017

The Indonesian government is set to gain access to financial data relating to any assets held by its citizens in Singapore’s banks and other financial institutions....Read More

5.

VIETNAM Social Media Retail Transactions Now Subject to 5% Tax

17 July 2017

Any retail business that earns more than VND 100 million (US$4,350) per year from sales via social media platforms will now have to pay a tax of 5% on the proceeds....Read More

6.

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

7.

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

8.

INDIA: Re-designated Medical Devices Now Subject to Drug Price Regulation Regime

11 July 2017

Certain medical devices may now be re-classified as drugs at the discretion of the Ministry of Health. All such re-designated devices will then fall within the remit of the Ministry’s price regulation...Read More

9.

THAILAND: Overseas Employees Given Until 1 January 2018 to Secure Work Permits

10 July 2017

Overseas employees now have until 1 January 2018 to register with the Thai authorities and secure the relevant work permits. Previously, the requirement had been imposed, as of 23 June, with immediate...Read More

10.

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

11.

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

12.

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

13.

MYANMAR: Investors in 10 Priority Sectors Promised Advantageous Treatment

4 July 2017

Investors in 10 priority sectors are to be given advantageous treatment by a number of official agencies, including the Myanmar Investment Commission (MIC) and any relevant local government bodies...Read More

14.

THAILAND: US$147 Million Fund Open to Digital Entrepreneurs and Start-ups

4 July 2017

A five-billion Baht (US$147million) Digital Economy Fund has been established to support digital entrepreneurs and start-ups across the country....Read More

15.

CAMBODIA: Compulsory Licensing Introduced for Digital Payment Services

29 June 2017

All digital payments services providers (PSPs) in Cambodia are now required to secure an operating licence from the National Bank of Cambodia (NBC). The requirement applies equally to banks and all ot...Read More

16.

THAILAND: Eight-year Tax Waiver on Manufacture of Electric Vehicle Components

28 June 2017

Manufacturers of certain electric vehicle (EV) components are now eligible for a corporate income tax (CIT) waiver of up to eight years....Read More

17.

MYANMAR: Wholly Foreign-owned Businesses Granted Extended Trading Rights

28 June 2017

For the first time, wholly foreign-owned companies have been approved to import, distribute and trade in hospital equipment, construction materials, seeds, pesticides and fertilisers....Read More

18.

VIETNAM: Low Tax and Land Use Incentives Offered to Boost FDI in Hanoi High-Tech Park

27 June 2017

Prospective investors in the Hoa Lac Hi-Tech Park are being wooed with the offer of a 10% corporate income tax (CIT) rate for up to 30 years. In order to qualify, companies need to commit to a project...Read More

19.

INDIA: Debts Owed by Smaller Companies Now Recoverable in 90 Days

26 June 2017

The insolvency debt recovery period has now been fast-tracked in the case of start-ups and small companies. While it currently takes 180 days to complete the process for all insolvent companies, credi...Read More

20.

THAILAND: Body Care Items and Construction Materials Among Five New SEZ-Approved Categories

23 June 2017

The production of five additional product categories within the country’s Special Economic Zones (SEZs) has been given government approval. The five approved categories are body care products; animal ...Read More

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