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1.

BANGLADESH: FDI in Readymade Garment Sector Now Permissible Outside EPZs

24 July 2017

The country’s readymade garment (RMG) sector is to be opened up to foreign direct investment (FDI) for the first time. Previously RMG FDI had only been permitted within the country’s export processing...Read More

2.

UAE: Processing Time for Labour Dispute Resolution Cut to 10 Days

24 July 2017

The official processing time for the settlement of labour disputes is to be reduced from 30 days to just 10. This has been facilitated by a number of measures recently adopted by the Ministry of Human...Read More

3.

THAILAND: Trade Competition Act Details Prohibited Practices and M&A Requirements

21 July 2017

The incoming Trade Competition Act, effective as of 5 October, specifies a list of prohibited activities deemed unfair trade practices, while also establishing the Office of Trade Competition Commissi...Read More

4.

SRI LANKA: 13-Amp Square Pin Plugs Mandatory for All New Electrical Appliances

20 July 2017

All electrical appliances produced in / imported to Sri Lanka must be fitted with 13-Amp square-pin plugs (Type G in line with British Standard (BS) 1363) as of 16 August. This follows the adoption of...Read More

5.

INDIA: 10% Customs Duty Imposed on Imported Mobile Phone Chargers and Adapters

19 July 2017

Customs duty of 10% is now payable on all imported mobile phone chargers and adapters. The tax on such items was authorised as of July 14, following the amendment of a 2005 regulation that had erroneo...Read More

6.

INDIA: Supplies to Businesses in SEZs Exempted from Goods and Services Tax

13 July 2017

Goods and services provided to or imported by businesses in India’s Special Economic Zones (SEZs) will be exempted from the Goods and Services Tax (GST), which came into effect across the country on 1...Read More

7.

VIETNAM: Online Service Set to Streamline Medical Equipment Import Process

12 July 2017

The import process for medical equipment is to be streamlined under a new directive from the Ministry of Health. All such imports have now been granted Level 4 status, allowing much of the required pa...Read More

8.

INDIA: Raft of Incentives Announced for New Investment Projects in Uttar Pradesh

7 July 2017

A raft of new incentives are on offer for prospective investment projects in India’s northern Uttar Pradesh state. While the incentives on offer will be extended to all industrial sectors, the state g...Read More

9.

BANGLADESH: Incentives Tax Package Announced for PPP Investors

6 July 2017

A 10-year tax holiday is on offer for investors in a number of upcoming public-private partnership (PPP) infrastructure initiatives....Read More

10.

MALAYSIA: Rubberwood Exports Banned in Bid to Boost Domestic Furniture Sector

5 July 2017

A ban on all exports of rubberwood - a light-colored hardwood obtained from the Pará rubber tree – has been imposed as of 1 July....Read More

11.

MYANMAR: Investors in 10 Priority Sectors Promised Advantageous Treatment

4 July 2017

Investors in 10 priority sectors are to be given advantageous treatment by a number of official agencies, including the Myanmar Investment Commission (MIC) and any relevant local government bodies...Read More

12.

THAILAND: US$147 Million Fund Open to Digital Entrepreneurs and Start-ups

4 July 2017

A five-billion Baht (US$147million) Digital Economy Fund has been established to support digital entrepreneurs and start-ups across the country....Read More

13.

THAILAND: Eight-year Tax Waiver on Manufacture of Electric Vehicle Components

28 June 2017

Manufacturers of certain electric vehicle (EV) components are now eligible for a corporate income tax (CIT) waiver of up to eight years....Read More

14.

MYANMAR: Wholly Foreign-owned Businesses Granted Extended Trading Rights

28 June 2017

For the first time, wholly foreign-owned companies have been approved to import, distribute and trade in hospital equipment, construction materials, seeds, pesticides and fertilisers....Read More

15.

VIETNAM: Low Tax and Land Use Incentives Offered to Boost FDI in Hanoi High-Tech Park

27 June 2017

Prospective investors in the Hoa Lac Hi-Tech Park are being wooed with the offer of a 10% corporate income tax (CIT) rate for up to 30 years. In order to qualify, companies need to commit to a project...Read More

16.

THAILAND: Body Care Items and Construction Materials Among Five New SEZ-Approved Categories

23 June 2017

The production of five additional product categories within the country’s Special Economic Zones (SEZs) has been given government approval. The five approved categories are body care products; animal ...Read More

17.

CAMBODIA: Single Window Customs Clearance System Adopted in Move to Counter Corruption

23 June 2017

A one-stop service has been introduced for importers / exporters, with traders now able to submit import / export documents and pay any required customs duties and taxes via one of six single-window s...Read More

18.

THAILAND: Land Rent Slashed on Latest Tranche of SEZ Sites

16 June 2017

Land rents are to be slashed in a bid to boost investor interest in the latest tranche of Special Economic Zones (SEZs). According to the Thai Treasury Department, this will come in to effect with reg...Read More

19.

THAILAND: Eight-year Tax Waiver for Automotive and Electrical Parts FDI Projects

12 June 2017

Investors in FDI-backed projects related to the automotive and electrical parts design sectors are now eligible to apply for an eight-year waiver of theirs corporate income tax (CIT) obligations....Read More

20.

INDIA: 60-day Limit for the Processing of FDI Proposals Announced

12 June 2017

FDI proposals requiring prior government approval will now be processed within 60 days, with ministries having to approve/reject all such applications within that agreed timeframe....Read More

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