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PHILIPPINES: 300 New SEZs Promised for 2018 Amid Concerns Over Official Delays

17 Nov 2017

Some 300 new Special Economic Zones (SEZs) are to be established during the course of 2018, according to the Philippine Economic Zone Authority (PEZA), including two large SEZs in the two provinces of...Read More


VIETNAM: Tax Office Calls for All E-commerce Payments to be Made Via State-run Channels

16 Nov 2017

Under proposed moves, all future cross-border e-commerce transactions may have to be electronically cleared and settled through the National Payment Corporation of Vietnam, the State Bank of Vietnam’s...Read More


LAOS: Overseas Investors Freed from Minimum Registered Capital Requirement

15 Nov 2017

Overseas investors are no longer required to have a minimum registered capital of Kip 1 billion (US$118,000) when looking to launch a new business in the majority of commercial sectors....Read More


CAMBODIA: Mandatory Export Tax Set to be Phased Out in 2018

15 Nov 2017

The country’s export tax is set to be abolished in 2019, according to an early draft of the government’s 2018 budget proposals. Officially referred to as the Export Management Fee (EMF) and overseen b...Read More


INDIA: GST Rate Cut Announced for Watches, Electrical Goods and 176 Other Products

15 Nov 2017

Electrical goods/components, watches and optical products are among the 178 product categories to have their Goods and Services Tax (GST) liability cut from 28% to 18%....Read More


INDIA: New Wave of Incentives Target Maharashtra SEZ Investors

13 Nov 2017

Stamp duty and registration fee exemptions are now on offer to developers, promoters and businesses associated with any of the Special Economic Zones (SEZs) in Maharashtra, one of the states in the we...Read More


LAOS: Investment Licences set to be Cancelled as Government Cracks Down on Systemic Abuse

10 Nov 2017

Investment projects that fail to comply with internationally-recognised technical standards may have their permits rescinded as part of a government crackdown on abuses of the country’s existing inves...Read More


MYANMAR: Online Tax Payment System Set to be Launched from February 2018

9 Nov 2017

Businesses in Myanmar will be able to make all tax payments online through any of the participating banks of the Myanmar Payment Union (MPU) payment processing system from February 2018. The scheme wi...Read More


MALAYSIA: Relaxation of Regulatory Regime Said to Offer Easier Access to Bond Markets

8 Nov 2017

The regulations governing the issue of bonds in Malaysia are to be relaxed as of early 2018, with more liberal disclosure requirements set to be introduced at the same time. The changes, introduced by...Read More


THAILAND: 23-Day Tax Break Announced In Bid to Boost Festive Sales

8 Nov 2017

In a bid to give an extra boost to consumer spending over the holiday period, the Thai government has announced that its annual tax deduction scheme will run for an extended period from 11 November to...Read More


INDIA: Comprehensive Details of Food Regulations Consolidated Online

6 Nov 2017

All of the regulations relating to the country’s food sector have now been consolidated into one state-run website – the Food Regulatory Portal. Overseen by the Food Safety and Standards Authority, th...Read More


INDIA: Government-Certified Hallmark Set to Become Mandatory for Gold Jewellery

6 Nov 2017

As of January 2018, all jewellery in the 14 carat, 18 carat and 22 carat grades sold in India will have to bear an official Bureau of Indian Standards (BIS)-certified hallmark, in order that the purit...Read More


THAILAND: Extended Tax Break Expected In Bid to Boost Festive Sales

3 Nov 2017

In a bid to give an extra boost to consumer spending over the holiday period, the Thai government is planning to extend the duration of its annual tax deduction scheme, an end of year initiative that ...Read More


MALAYSIA: 2018 Budget Focuses on Investment Incentives and Income Tax Cuts

2 Nov 2017

The minimum level of venture capital investment in a start-up business is to be cut from 70% to 50% for the period 2018-2022. The change is one of a number detailed under the terms of the country’s 20...Read More


UAE: Locally-Registered Companies Set to be Opened Up to 100% Overseas Ownership

2 Nov 2017

As of early 2018, overseas investors are to be permitted to wholly own UAE-registered companies operating in certain sectors. At present, at least 51% of every UAE-registered business has to be owned ...Read More


SAUDI ARABIA: Overseas Investors Granted Access to NOMU and Future IPOs

2 Nov 2017

Non-resident foreign investors are to be allowed to buy and sell shares listed on NOMU, the country’s secondary market. This move, which comes into effect as of 1 January 2018, is seen as offering suc...Read More


VIETNAM: Deadline for Ending Company-Generated Invoices Extended Until 2019

1 Nov 2017

Companies will continue to be allowed to print their own invoices in Vietnam until 1 July 2019. The country’s General Department of Taxation had previously announced that the practice would be banned ...Read More


INDIA: Companies Behind Misleading Ads Face Jail Terms and Substantial Fines

30 Oct 2017

Producers and distributors of misleading advertising could now face fines of up to INR 5 million (US$76,768), while any manufacturers resorting to such practices may also run the risk of imprisonment....Read More


INDONESIA: Development Projects Set to Receive Private, State and Overseas Aid Funding

27 Oct 2017

The government has announced plans to combine private capital and state funds with Official Development Assistance (ODA) from overseas donor countries in order to finance a number of development-relat...Read More


PHILIPPINES: Foreign Exchange Procedures Set to be Streamlined by Year End

27 Oct 2017

Companies and banks will no longer need to register and seek official permission when conducting foreign exchange (forex) transactions. The change has been championed by the Bangko Sentral ng Pilipina...Read More

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