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1.

THAILAND: Government Approval of EEC Law Confirms Incentives for Coastal Corridor Investors

25 Sept 2017

Incentives stipulated as part of Thailand’s Eastern Economic Corridor (EEC) development plan has now been confirmed, with the Thai cabinet approving the EEC Law on 19 September....Read More

2.

MALAYSIA: Overseas E-Commerce Companies to be Taxed on Malaysian Transactions

25 Sept 2017

Malaysia-based transactions by overseas digital service providers, including e-commerce operators, will become taxable once proposed amendments to the country’s relevant tax laws are enacted....Read More

3.

VIETNAM: Customs Procedures Set to be Streamlined with Launch of Online Tax Payment System from November

25 Sept 2017

Businesses in Vietnam will soon be able to pay export and import duties online through an Electronic Customs Payment Portal, which is being piloted by the country’s General Department of Customs from ...Read More

4.

SRI LANKA: Withholding Tax on Dividends Increased from 10% to 14% for Non-Residents

15 Sept 2017

The withholding tax (WHT) rate on dividends paid to non-resident shareholders in Sri Lanka has been increased from 10% to 14%. In addition, the WHT rate on profits repatriated from the country has als...Read More

5.

BANGLADESH: Go-ahead Given for Domestic Mobile Phone Manufacturing/Assembly

15 Sept 2017

Mobile phone handsets are to be manufactured and assembled in the country for the first time under a new government initiative designed to boost domestic businesses and limit the number of imported mo...Read More

6.

MYANMAR: Amendments to Condominium Law Look to Limit Rights of Overseas Owners

14 Sept 2017

Overseas buyers will be allowed to own only up to 25% of all units in any given condominium project in Myanmar under the proposed changes to the 2016 Condominium Law. The amended legislation will end ...Read More

7.

PHILIPPINES: Import Permit Processing Time Set to Be Slashed by Online Approval System

13 Sept 2017

The processing time for import/export permits in the Philippines is set to be cut from several months to just a few days when TradeNet, the country’s new one-stop online trade portal, goes live in Dec...Read More

8.

VIETNAM: Toys and Home Appliances Among 114 Products Freed from Pre-Import Quality Inspection

8 Sept 2017

In a bid to reduce custom clearance time for 114 imported products, the Vietnamese government announced to free them from undergoing pre-import quality inspection....Read More

9.

INDONESIA: New Economic Policy Package Set to Streamline Investment Procedures

7 Sept 2017

A one-stop shop for all of the business licences and permits, along with greater transparency with regards to costs and processing time, as well as an expedited service, are all said to form part of t...Read More

10.

LAOS: Online Trading Platform Looks to Boost SMEs and Drive Investment

7 Sept 2017

In a bid to promote e-commerce in the country, the Laos government has launched an online trading portal dedicated to meeting the needs of small and medium enterprises (SMEs). The portal, www.plaosme....Read More

11.

MYANMAR: 15-day Limit for Regional Approval of FDI Proposals Announced

31 Aug 2017

FDI proposals requiring approval from one of the 15 regional/state branches of the Myanmar Investment Commission (MIC) will now be processed within 15 business days, with the concerned authorities hav...Read More

12.

UAE: Online Registration for Incoming VAT to Commence from Mid-September

31 Aug 2017

The online registration of businesses for the UAE’s value added tax (VAT) regime will commence from mid-September. To facilitate the process, the UAE’s Federal Tax Authority has launched a website www...Read More

13.

VIETNAM: PM Ponders Options on Duty Cuts to Imported Auto Parts

30 Aug 2017

Import duties on certain automotive parts are to be cut as of 1 January 2018, thus levelling the playing field between imported automobiles (completely built units – CBUs) and those assembled locally ...Read More

14.

SRI LANKA: Manufacturing-Focussed Industrial Park in Western Province Gets Official Greenlight

28 Aug 2017

In a bid to attract more FDI into the country, Sri Lanka’s government has unveiled plans to develop an Industrial Park (IP) for the manufacturing sector in the Kalutara district of Western Province. E...Read More

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