Other Briefings
The Philippines Imposes New 12% VAT Rate on Exporters
The Philippines’ Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.
How US Businesses Can Access the East Asian US$25 Trillion RCEP Free Trade Market Agreement via Existing Agreements
US businesses can access the RCEP free trade agreement through its existing agreements with partners in the region.
Indonesia’s Omnibus Law: Individuals Now Allowed to Incorporate Companies
GR 8/2021 introduces individually owned companies, a new type of company category in Indonesia that can be incorporated by a single individual.
Decree 70 to Impact Cross-Border Advertising Services in Vietnam
Vietnam’s Decree 70 stipulates that advertising service providers engaging in cross-border advertising services must abide by regulations on cybersecurity, and the provision and use of internet services, as well as pay tax.
Singapore Launches Latest US$800 Million Economic Support Package
On July 23, 2021, Singapore introduced its latest S$1.1 billion (US$800 million) economic support package as the country returned to Phase 2 restrictions.
How to Prepare a Foreign Worker Utilization Plan: Hiring in Indonesia
MOM Reg 8/2021 is an implementing regulation that details the requirements businesses must fulfill to hire foreign workers.
Vietnam Issues Latest Incentives for Businesses and Employees
Under Resolution 68/NQ-CP the government has unveiled several financial packages to employers and employees affected by the fourth wave of COVID-19.
ASEAN, EU Agree to World’s First Bloc-to-Bloc Air Transport Agreement
ASEAN and the EU have agreed to the world’s first bloc-to-bloc air transport agreement through the ASEAN-EU Comprehensive Air Transport Agreement.
Vietnam’s Transport Infrastructure Master Plan: Three Proposals for Implementation
In April 2021, Vietnam’s transport ministry announced its transport infrastructure master plan between now and 2030, which is estimated to cost between US$43 billion and US$65 billion.
BioNTech to Build Vaccine Manufacturing Site in Singapore
Biotechnology company BioNTech will establish its Asia-Pacific regional headquarters in Singapore, where it will also establish an mRNA manufacturing facility.
