ASEAN Briefing News

What are the Rules for Implementing Value-Added Tax on Foreign E-commerce Activities in Cambodia?

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Cambodia’s Prakas 542 provides the rules for implementing a value-added tax on non-resident foreign e-commerce suppliers.

Indonesia Regulates the Prohibition of Certain Goods for Import and Export Under the Omnibus Law

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MoT Reg 18 provides an updated list of the types of goods that are prohibited from being imported to and exported from Indonesia.

Indonesia and Singapore Sign Important Defense, Airspace Management, and Extradition Treaties

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Indonesia and Singapore signed three landmark treaties covering defense, airspace boundaries management, and extradition.

Vietnam Amends Rules on Labeling Goods, in Effect from Feb.15, 2022

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Vietnam’s Decree 111/2021 aims to tackle tax evasion and fraud, and mandates businesses that produce, export, or import goods to record and determine the origin of their goods.

Singapore Makes Amendments to Company Laws to Improve Compliance

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Singapore’s Parliament approved amendments to two company laws. Businesses must now keep registers of their nominee shareholders and their nominators.

Philippines Amends Retail Trade Liberalization Act to Attract Foreign Investment

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The Philippines has approved the final amendments to the Retail Trade Liberalization Act, which aims to ease foreign investments in the retail sector.

Indonesia Passes Bill to Build New Capital City: Deadline 2024

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Indonesia’s new capital needs major investment for its development, which presents ample opportunities for foreign businesses.

The Philippines Issues VAT Exemption for Exporters of Local Purchases

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The Philippines has issued a value-added tax (VAT) exemption for registered exporters on their local purchases of goods and services

One Year in, What to Make of Joe Biden’s Asia Trade Policy?

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The longer the US stands on the sidelines concerning trade with Asia, the more American businesses face competitive disadvantages on their exports.

Malaysia Imposes Licensing Requirements for Cloud Service Providers

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Effective from January 1, 2022, Malaysia has imposed a licensing requirement on the provision of cloud services, although it will only be enforced from April 1, 2022.

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