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1.

CAMBODIA: Designated SMEs Set for Three-Year Tax Holiday

19 Oct 2018

SMEs active in certain business sectors – including agro-processing, food processing, manufacturing of local inputs and the assembly of IT products – are now eligible for 100% exemption from corporate...Read More

2.

CAMBODIA: US$182 Minimum Monthly Wage Agreed for Workers in Garment/Footwear Sector

18 Oct 2018

The minimum monthly wage in the garment/footwear sector is to rise from US$170 to US$182 as of 1 January next year, according to an announcement by the Labour Ministry....Read More

3.

VIETNAM: Mandatory Registration Scrapped for E-commerce Operators

16 Oct 2018

As of 18 October 2018, individuals and businesses operating e-commerce websites will no longer be obliged to register with the Ministry of Industry and Trade....Read More

4.

CAMBODIA: Surge in Activity Spurs Plans for E-Commerce Transaction Tax

15 Oct 2018

The government is said to be considering introducing an e-commerce transaction tax. While no date has been announced for its implementation, the move is seen as a bid to increase state revenues amid a...Read More

5.

SRI LANKA: Non-Essential Imports Restricted in Bid to Bolster Rupee

12 Oct 2018

Any retailer looking to secure letters of credit with banks in order to facilitate the import of certain non-essential consumer items (including mobile phones, refrigerators, washing machines, air con...Read More

6.

MYANMAR: 30-Day Visa-Free Entry On Offer to Hong Kong Holidaymakers

11 Oct 2018

Hong Kong passport holders are now entitled to visa-free entry into Myanmar for periods of up to 30 days....Read More

7.

THAILAND: Overseas Business Licence Requirement Set to be Waived in Three Service Sectors

10 Oct 2018

Overseas investors will no longer require business licences to operate in three service industry sectors – lending, office space rental and consultancy – providing such services are only extended to s...Read More

8.

INDONESIA: FDI Tax Holiday Scheme Extended to All Business Sectors

9 Oct 2018

The country’s FDI-related tax holiday programme is set to be extended to every business sector. At present, depending on project value, up to 100% corporate income tax exemption is on offer to FDI-fun...Read More

9.

MYANMAR: Official One-Stop Gold Import/Export Facility Opens for Business

8 Oct 2018

All the administrative requirements related to the import/export of gold can now be processed via the state-run One-Stop Service Centre (OSSC), a facility recently launched in Yangon, the country’s co...Read More

10.

INDONESIA: Daily Duty-Exempt E-Commerce Import Value Cut to US$75

5 Oct 2018

As of 10 October 2018, the total daily value of e-commerce products per person permitted to be imported duty-free will be cut from US$100 to $75....Read More

11.

INDIA: Supreme Court Reinstates Solar Cell Import Levy

4 Oct 2018

The 25% surcharge on imported solar cells, which was temporarily suspended following an interim High Court order, has now been reinstated....Read More

12.

INDIA: Import Duty Raised in Bid to Counter Rising National Debt

4 Oct 2018

Government has raised the Basic Customs Duty (BCD) on a range of imported products, including speakers, footwear, diamonds, jewellery, air conditioners, refrigerators, small washing machines, certain ...Read More

13.

INDIA: E-Commerce Operators Obliged to Collect 1% Tax from Suppliers/Retailers

3 Oct 2018

As of 1 October, operators of e-commerce websites have been obliged to collect a 1% Goods and Services Tax (GST) from all companies that sell products in India via their online platforms....Read More

14.

BANGLADESH: Readymade Garment Workers Get First Pay Rise Since 2013

2 Oct 2018

The monthly minimum wage for workers in the country’s export-oriented readymade garment (RMG) sector is set to increase from US$63 to US$95, the first pay rise since 2013....Read More

15.

SRI LANKA: VAT on Imported Fabrics Cut from 15% to 5%

28 Sept 2018

The VAT on imported fabrics has been cut from 15% to 5% with immediate effect. The move is intended to boost SMEs in the export-oriented readymade garment manufacturing sector....Read More

16.

VIETNAM: Wind Power Tariff Rise Designed to Boost Renewable Energy Investments

27 Sept 2018

As of 1 November, the wind power feed-in-tariff rates in Vietnam will increase from US$0.078 per kWh to US$0.085 per kWh for onshore turbines and US$0.098 per kWh for offshore turbines....Read More

17.

INDIA: Duty Free Re-Import of Exported Electronic Goods Given Go-Ahead

26 Sept 2018

Some 23 categories of locally-produced electronic goods previously exported from the country have been approved to be re-imported prior to again being exported....Read More

18.

SRI LANKA: VAT Reclaim Scheme Introduced for Overseas Passport Holders

24 Sept 2018

Overseas passport holders are now entitled to reclaim the 15% VAT on purchases made at retail outlets participating in the Tourist VAT Refund Scheme (TVRS)....Read More

19.

CAMBODIA: 30 November Deadline for 2019 Overseas Worker Permit Applications Announced

21 Sept 2018

Companies planning to employ overseas nationals next year have until 30 November to provide the country’s Ministry of Labour with full details of their anticipated level of non-Cambodian workers....Read More

20.

LAOS: Export-Import Licence Processing Time to be Cut by 50%

20 Sept 2018

Import/export licence application bureaucracy is set to be cut by 50%, with the manual processing time for permits related to vehicles, fuel and diamonds reduced from two days to just one day by 2019....Read More

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