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BANGLADESH: VAT Exempted for Imports of Ships Exceeding 5,000 Dead Weight Tonnage

16 March 2018

Ships of more than 5,000 Dead Weight Tonnage (DWT) are now exempt from the payment of value added tax (VAT) when imported into Bangladesh....Read More


INDONESIA: Corporate Income Tax Rate Cut from 1% to 0.5% for SMEs

14 March 2018

The annual preferential corporate income tax (CIT) rate for small and medium enterprises (SMEs) in Indonesia has been cut from 1% to 0.5%....Read More


CAMBODIA: Halal Certification Launched for Exported Food Products

13 March 2018

Cambodia’s first ever halal certification and label is now on offer for producers and exporters of foodstuffs as well as for restaurant businesses....Read More


INDIA: E-Waybill Clarifications and Amendments Issued Prior to 1 April Implementation

12 March 2018

With the proposed movement of any goods valued at INR50,000 (US$776) or above over a distance of 10km or more having to be pre-registered online, a number of clarifications have been issued regarding ...Read More


MYANMAR: Gems and Precious Stones Now Subject to Export Licences

7 March 2018

An export licence is now required for a list of 3,345 products before they could be exported from Myanmar....Read More


VIETNAM: One-Stop Cargo Clearance System Set for September Rollout

6 March 2018

Plans are in place to extend the use of an automated cargo clearance system to all of the ports and airports in 11 of the country’s major cities and provinces by September 2018....Read More


INDONESIA: Sales Tax and Import Duty Set to be Cut for Electric Vehicles

5 March 2018

A 40% luxury goods tax that is currently imposed on the sale of electric vehicles (EVs) in Indonesia is set to be abolished....Read More


LAOS: Vientiane Businesses Set to Lose Licences if Back Taxes Not Cleared by 30 April

2 March 2018

Businesses based in Vientiane, the national capital, have until 30 April to pay any overdue taxes, with those that fail to meet this deadline likely to have their business licences revoked....Read More


INDIA: In-Person Tax Assessments Abolished in Favour of Online Processing

1 March 2018

Taxpayers (or their appointed representatives) will no longer be required to attend the offices of the country’s Income Tax Department for tax assessment or verification purposes....Read More


SAUDI ARABIA: Kingdom Approves its First Ever Bankruptcy Legislation

28 Feb 2018

The country’s recently-approved Bankruptcy Law, the first such legislation to be adopted by the kingdom, contains provisions related to three key areas – preventive settlements, financial restructurin...Read More


SINGAPORE: Imported Digital Content and Online Services Set to be Taxed

27 Feb 2018

A wide range of imported digital content and online services are set to be taxed from 1 January 2020. This will see the country’s GST applied to all overseas-sourced digital services, including market...Read More


PHILIPPINES: 100% FDI Set to be Permitted in Construction Sector

27 Feb 2018

Foreign direct investment (FDI) of up to 100% is set to be permitted in the country's construction sector for the first time. The change will be facilitated by an amendment to the Foreign Investment N...Read More


MYANMAR: Overseas Banks Get Go-Ahead to Lend to Domestic Exporters

26 Feb 2018

For the first time, foreign banks will be permitted to extend credit to the country’s export-oriented businesses....Read More


CAMBODIA: 1 April Electricity Charge Cut Set to Benefit Business and Residential Users

26 Feb 2018

Electricity charges for both commercial and residential users are set to be cut from 1 April this year across many of the country’s cities and provinces....Read More


INDONESIA: First Details of Revised FDI Incentive Regime Emerge

23 Feb 2018

The first details of the planned overhaul of the country’s FDI-related incentive schemes have emerged, with news that the number of business sectors eligible for tax allowances (including corporate in...Read More


CAMBODIA: Mandatory On-Site Inspections Introduced for Employers of Overseas Staff

22 Feb 2018

All businesses employing overseas workers are to be subject to on-site inspections by officials from the Ministry of Labour and the Ministry of the Interior. As part of these mandatory inspections, em...Read More

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