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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.

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

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

MALAYSIA: New Tax Incentives Announced for Northern Coastal Corridor Investors

24 Aug 2017

Income tax allowance on qualifying capital expenditure (CAPEX) and duty exemption on imports of machinery is now on offer to investors in Malaysia’s Northern Corridor Economic Region (NCER), which str...Read More

14.

VIETNAM: Investment Incentives and Casino Licences Planned for Three New SEZs

17 Aug 2017

Land leases of up to 99 years are to be offered to investors in three new Special Economic Zones (SEZs), which are to be established in line with Vietnam’s incoming Law on Special Economic Zones, whic...Read More

15.

BANGLADESH: Corporate Income Tax Cut to 12% in Readymade Garment Sector

14 Aug 2017

The corporate income tax (CIT) rate for producers and exporters of readymade garments (RMG) has been cut from 20% to 12%. The tax cut, announced on 5 August, will retrospectively apply from 1 July 201...Read More

16.

INDIA: Expedited Customs Clearance Prioritised in Line with Overall WTO Commitments

11 Aug 2017

Under the terms of the recently announced National Trade Facilitation Action Plan (NTFAP), perishable goods are to be cleared by the Indian customs authorities within 12 hours of their initial import,...Read More

17.

MYANMAR: Emeralds and Diamonds Now Exempt from Special Commodity Tax

11 Aug 2017

The production, sale, export and import of emeralds and diamonds is to be exempt from the Special Commodity Tax (SCT). Prior to this change in legislation, the two were liable for SCT at a rate of 10%...Read More

18.

UAE: First Details Published of Incoming Tax Administration and Compliance Requirements

8 Aug 2017

The first details of the administration and compliance requirements relating to the country’s new tax regime were announced on 31 July, following the enactment of the Tax Procedures Law, the legal bas...Read More

19.

LAOS: Registration of All Packaged Products Now Mandatory

4 Aug 2017

All pre-packaged products traded in or with Laos as will now have to be registered in their original packaged form with the Ministry of Science and Technology prior to being exported, imported, re-pac...Read More

20.

THAILAND: Exporters of Potential Dual Use Items to Face Increased Customs Scrutiny

1 Aug 2017

Exporters of items with a potential dual use – such as goods that are ostensibly designed for commercial use but could have a military application – will now have to comply with a number of additional...Read More

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