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1.

MYANMAR: Withholding Tax Set to be Abolished from 1 April 2018

15 Feb 2018

All forms of withholding tax in Myanmar are set to be abolished from 1 April 2018. At present, tax is required to be withheld at the rate of 15% for all royalty and interest payable to non-residents....Read More

2.

PHILIPPINES: All Field Audits and Ongoing Tax Investigations Suspended

7 Feb 2018

All ongoing cases of tax investigation in the Philippines have now been suspended, with the Bureau of Internal Revenue (BIR) withdrawing all mission orders (MOs) issued to tax officials for conducting...Read More

3.

CAMBODIA: Mandatory Online Business Registration Deadline Extended Through December 2018

2 Feb 2018

The deadline for companies in Cambodia to complete their mandatory online registration has been extended yet again. This latest extension to 31 December 2018 follows several extension announcements in...Read More

4.

INDIA: Customs Duty Raised on Phones, Auto Parts, Jewellery, Sunglasses and Toys

2 Feb 2018

The Indian government has raised the Basic Customs Duty (BCD) on a range of imported products, including mobile phones, toys, watches, footwear, imitation jewellery as well as certain specified precio...Read More

5.

VIETNAM: Manufacturing and Agricultural Businesses Now Lending Priorities

29 Jan 2018

Lending to export-oriented manufacturers and agricultural businesses is to be prioritised over extending credit to the securities or real estate sector following a new directive from The State Bank of...Read More

6.

CAMBODIA: Child Labour Down in Apparel Sector, but Health and Safety Concerns Remain

25 Jan 2018

While incidences of child labour in Cambodia are down, concerns remain with regard to a number of health and safety issues affecting workers in the garment sector, according to a new report by Better ...Read More

7.

PHILIPPINES: One-Stop Five-Day Processing Introduced for Construction Permits

22 Jan 2018

Local government bodies across the country are now obliged to process construction permit applications relating to specified project types within five working days....Read More

8.

CAMBODIA: Employers’ Social Security Contribution Increased to 3.4% of Workers’ Salaries

15 Jan 2018

All companies operating in Cambodia are now required to pay 3.4% of their respective employees’ average monthly salary as a contribution to the National Social Security Fund with the monthly contribut...Read More

9.

SAUDI ARABIA: 5% VAT Now Payable on Goods and Services

4 Jan 2018

VAT of 5% is now payable on all goods/services in Saudi Arabia, except some specified exemptions. Among the products/services deemed to be exempt (or zero-rated) are medicines and certain high-purity ...Read More

10.

INDIA: New e-Waybill Requirement Waived for Transportation of Overseas Cargo Prior to Customs Clearance

20 Dec 2017

The newly mandated rule requiring goods to be registered online prior to their transportation within India will be given a waiver if the overseas cargo is moved between an international port of entry ...Read More

11.

PHILIPPINES: Personal Tax Allowances Increased in 2018 alongside New Product Levies

19 Dec 2017

People earning up to a maximum of P250,000 (US$4,934) per annum in the Philippines will be exempted from paying personal income tax (PIT) from 1 January 2018....Read More

12.

VIETNAM: Fees for Port Facilities in Haiphong Cut by 20%

19 Dec 2017

As of 1 January 2018, the fees for using facilities in the northern port city of Haiphong will be cut by 20%. The move by Haiphong’s municipal government to revise the port fees on port infrastructure...Read More

13.

VIETNAM: Minimum Monthly Wage Set to Increase by 6.5% from January 2018

19 Dec 2017

An average increase of 6.5% in the minimum monthly wage is to be rolled out across Vietnam as of 1 January 2018. With wage bands tiered across the country, this will see employees’ monthly pay affecte...Read More

14.

VIETNAM: Three Month Trial Begins on One-Stop Online Tax System

13 Dec 2017

A one-stop Electronic Tax (eTax) system is currently undergoing a three-month pilot programme in two of the country’s northern provinces – Bac Ninh and Phu Tho....Read More

15.

PHILIPPINES: New Portal Offers Online Business Verification and Streamlined Registration

11 Dec 2017

The recent launch of the publicly-accessible Philippines Business Data Bank (PBDB), an online register of the country’s formally-established businesses, allows an instant authentication – or not – of ...Read More

16.

THAILAND: Daily Minimum Wage Set to Increase by Up To 5%

7 Dec 2017

Thailand’s Baht 300 (US$9.2) daily minimum wage is set to increase by up to 5%. The wage increase is to be implemented by 1 January 2018, following an expected formal endorsement by the Thai Labour Mi...Read More

17.

LAOS: Monthly Minimum Wage Set to Increase to US$142

28 Nov 2017

The monthly minimum wage in Laos is set to increase from Kip900,000 (US$107) to Kip1,200,000 (US$142), with the increase expected to be implemented following the formal endorsement by the Laotian Prim...Read More

18.

CAMBODIA: Online Tax Payment System Set to Boost Revenue and Curb Corruption

28 Nov 2017

Companies and individuals are now able to clear all of their tax liabilities courtesy of a new electronic payment system. Operating under the auspices of the General Department of Taxation (GDT), the ...Read More

19.

INDIA: Suppliers of Medical Devices and Pharmaceuticals Face Liability for Any Harm to Users

27 Nov 2017

Pharmaceutical companies and medical device manufacturers in India may soon be liable to pay compensation should the use of their products cause harm to any user....Read More

20.

VIETNAM: Tax Office Calls for All E-commerce Payments to be Made Via State-run Channels

16 Nov 2017

Under proposed moves, all future cross-border e-commerce transactions may have to be electronically cleared and settled through the National Payment Corporation of Vietnam, the State Bank of Vietnam’s...Read More

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