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1.

LAOS: Business and Tax Registration Procedures Set to be Integrated

20 March 2019

Newly-set up businesses in Laos will no longer be required to apply separately for registration with the country’s tax authorities and for obtaining the 12-digit Taxpayer Identification Number (TIN)....Read More

2.

INDIA: US$5.6 billion Worth of Exports Set to Lose Duty-Free Access to US as of May

19 March 2019

Many of the country’s exports are set to lose their duty-free access to the US market as of May this year. Their previous entitlement, under the terms of the US Generalised System of Preferences (GSP)...Read More

3.

MYANMAR: Official Boost for Trade and Investment Unveiled

18 March 2019

The Ministry of Commerce and the Directorate of Investment and Company Administration has recently launched the Trade and Investment Project (TIP), an initiative aimed at boosting the country’s commer...Read More

4.

INDONESIA: Free Trade Agreement Signed with Australia

15 March 2019

The country has now formally signed a Free Trade Agreement (FTA) with Australia. Formally entitled the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), its wide remit includ...Read More

5.

INDIA: Automated Customs Clearance Procedures Set to be Adopted

14 March 2019

Import customs procedures at ports and air terminals have been further streamlined as the country looks to improve its ranking on the World Bank’s Ease of Doing Business Index....Read More

6.

CAMBODIA: Online Certificate of Origin System Extended to Laos Border Province

13 March 2019

The country’s online Certificate of Origin (CO) system has been extended to the province of Stung Treng on the country’s border with Laos, as well as to two other provinces bordering Vietnam - Kratie ...Read More

7.

CAMBODIA: New Factories and Industrial Vehicles Banned in Central Phnom Penh

12 March 2019

No new factories are to be opened in the central districts of Phnom Penh, the national capital, following the imposition of a blanket ban designed to cut back on commercial traffic in the frequently-c...Read More

8.

LAOS: Phase One of Intellectual Property Registration Portal Goes Live

11 March 2019

A new online service for registering intellectual property rights is currently under-development. The initial phase of the system – the IP Information Portal – is now up and running, but is restricted...Read More

9.

INDIA: Local Registration and Data Storage Mooted for All E-Commerce Platforms

8 March 2019

All overseas e-commerce platforms offering products for purchase by local consumers will be obliged to register as business entities within the country should its Draft National e-Commerce Policy be a...Read More

10.

INDIA: Proof of Registered Office Location Made Mandatory in Shell Company Crackdown

7 March 2019

As part of the government’s ongoing crackdown on the prevalence of shell companies, all currently-active companies (including all those that were incorporated in the country on or before 31 December 2...Read More

11.

INDIA: Raft of Incentives Announced for Investors in Electronics Sector

6 March 2019

A raft of new incentives is now on offer to prospective investors in the country’s export-oriented electronics manufacturing sector...Read More

12.

INDONESIA: Ministry Calls for Domestic Products to be Featured on All Online Platforms

5 March 2019

The country’s e-commerce operators may soon be obliged to feature domestic products on all platforms....Read More

13.

LAOS: Investors Set to Lose Land Concession Licences on Stalled Projects

4 March 2019

Investors who fail to initiate agreed development programmes are set to have their land concession licences rescinded as part of a government crackdown on overly-delayed projects....Read More

14.

VIETNAM: Domestically-Produced Auto-Parts Set to be Exempt from Special Consumption Tax

1 March 2019

The Ministry of Finance has proposed abolishing the Special Consumption Tax (SCT) on all locally-produced automotive parts destined for use in the assembly of vehicles with a maximum of nine seats....Read More

15.

THAILAND: Full Excise Tax Exemption Mooted for Domestically Produced Electric Vehicles

28 Feb 2019

The 8% excise duty on full Electric Vehicles (EVs) produced in the country is to be waived in line with a new proposal by the Excise Department (ED)....Read More

16.

MYANMAR: Overseas Banks Approved for New Branches and Wider Range of Services

27 Feb 2019

In line with a recent statement by the Central Bank of Myanmar (CBM), all overseas-headquartered banks will be permitted to set up wholly-owned subsidiaries in the country by the end of 2020....Read More

17.

LAOS: Revised Investment Guidelines Issued Following Publication of Controlled Business List

26 Feb 2019

Following the publication of the Controlled Business List (CBL), which provides details of all the commercial sectors where operators require a statutory licence, revised investment application proced...Read More

18.

INDIA: Survey Set to Produce Domestic Size Chart for Readymade Garment Industry

25 Feb 2019

In March this year, the government is planning to conduct a nationwide sizing survey with the intention of establishing a standardised size chart for the domestic readymade garment industry....Read More

19.

VIETNAM: Corporate Tax Incentives Introduced for Science/Technology Businesses

22 Feb 2019

Science and technology-oriented businesses are to be exempt from corporate income tax (CIT) for four years and then offered a 50% CIT cut for a further nine years....Read More

20.

INDONESIA: Universities and Hospitals Set to be Opened Up to Overseas Investors

21 Feb 2019

Proposals are being considered with regard to opening up the country’s university and hospital sectors to overseas investors....Read More

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