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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


CAMBODIA: Single Window Customs Clearance System Adopted in Move to Counter Corruption

23 June 2017

A one-stop service has been introduced for importers / exporters, with traders now able to submit import / export documents and pay any required customs duties and taxes via one of six single-window s...Read More


MALAYSIA: Tax Evading Expats Face Entry / Exit Ban as of 1 July

21 June 2017

Any overseas worker who fails to pay their due tax liabilities will be barred from entering Malaysia or, if still resident, from leaving. As of 1 July, this ruling will apply equally to those discover...Read More


THAILAND: Land Rent Slashed on Latest Tranche of SEZ Sites

16 June 2017

Land rents are to be slashed in a bid to boost investor interest in the latest tranche of Special Economic Zones (SEZs). According to the Thai Treasury Department, this will come in to effect with reg...Read More


BANGLADESH: Companies Now Liable for Employees’ Unpaid Income Tax

14 June 2017

Private companies looking to claim corporate tax deductions against employee wages are now obliged to ensure that workers file their own tax returns....Read More


THAILAND: Eight-year Tax Waiver for Automotive and Electrical Parts FDI Projects

12 June 2017

Investors in FDI-backed projects related to the automotive and electrical parts design sectors are now eligible to apply for an eight-year waiver of theirs corporate income tax (CIT) obligations....Read More


INDIA: 60-day Limit for the Processing of FDI Proposals Announced

12 June 2017

FDI proposals requiring prior government approval will now be processed within 60 days, with ministries having to approve/reject all such applications within that agreed timeframe....Read More


INDONESIA: 1 Billion Rupiah Bank Balances Face Tax Scrutiny

9 June 2017

All bank accounts with a balance of Rupiah 1 billion (US$75,000) or more as of the year-end will be liable to scrutiny by tax officials....Read More


INDIA: Tax Rates for Textiles, Footwear and Gold Announced

8 June 2017

The relevant tiers for the textiles and footwear sectors under the terms of the incoming Goods and Services Tax (GST), effective 1 July, have now been announced....Read More


SRI LANKA: Online System Set to Streamline Company Registration Process

5 June 2017

The country’s new online registration system will slash the time taken to incorporate a private company from three days to just one when it comes online in March 2018....Read More


THAILAND: Imports Found to Have Dodged ADD Duties to Face Punitive Tariffs

5 June 2017

Goods found to have been imported in contravention of existing Anti-Dumping Duty (ADD) and Countervailing Duty (CVD) legislation will be subject to punitive tariffs set to be introduced before the end...Read More


CAMBODIA: Online Registration Launched to Counter Corrupt Trademark Payments

2 June 2017

Companies and individuals are now able to register trademarks online. The move has been made in a bid to reduce corruption, with applicants no longer obliged to directly engage with government officia...Read More


VIETNAM: Overseas Retailers Face 2012-2016 Tax Audit Over Relocated Profits

2 June 2017

Local tax authorities are to conduct audits of foreign retailers in order to detect any instances of profits being shifted overseas in order to artificially reduce tax liabilities through transfer pri...Read More


MALAYSIA: Online Retailers Given 30 Days to Register Trading Status

1 June 2017

Businesses that trade online are now obliged to register with the Companies Commission of Malaysia (CCM), the country’s corporate regulator....Read More

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