ASEAN Briefing News

Bank Indonesia to Standardize QR Code Payment

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Quick Response Code (QR Code) is increasingly being used as one of the digital payment methods in Indonesia. In view of this, Bank Indonesia (BI) plans to issue a regulation related to standardization of QR Code payment in the country.

Singapore: Key Legislative Changes on AGMs and Annual Returns

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With effect from August 31, 2018, three key legislative changes have been made to the Singapore compliance landscape in a bid to uphold the country’s business-friendly reputation. Read our latest article to know what these key amendments are.

Transfer Pricing in Thailand

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The current law in Thailand requires taxpayers to be able to justify on any Thai Revenue Department review that both domestic and international related party transactions have been carried out at ‘market price’. Read more in this article from JNP Legal.

Indonesia Eases Tax Holiday Policy for New FDI Projects in All Sectors

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In a bid to attract more investment to support the country’s economic growth, Indonesia recently issued a new regulation granting a 100 percent Corporate Income Tax (CIT) cut to new FDI-backed businesses across all sectors. Read our latest article to know more.

ASEAN Trade in Goods Agreement: Local Content Requirements

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In recent years, tariff reductions have significantly increased the profitability of establishing regional supply chains within the ASEAN region. To implement operations successfully, careful attention must be paid to rules pertaining to local content and sourcing of inputs. Read more for detailed analysis on the ASEAN Trade in Goods Agreement.

Indonesia Market Entry Models: Representative Office

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There are two main market entry options available for foreign investors looking to expand into Indonesia: a Limited Liability Company and a Representative Office. In this article, we discuss the Representative Office.

Indonesia Market Entry Models: Limited Liability Company

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There are two main market entry options available for foreign investors looking to expand into Indonesia: a Limited Liability Company and a Representative Office. In this article, we discuss the Indonesian Limited Liability Company or Penanaman Modal Asing (PT PMA).

RCEP Negotiations Reach Critical Stage – Likely to be Inked by Year-End

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The two-day Singapore Ministerial meeting of the proposed Regional Comprehensive Economic Partnership (RCEP) free trade agreement concluded recently. Read our latest article to know more about its key outcomes.

Malaysia to Re-Introduce Sales and Services Tax from September 1

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On September 1, 2018, Malaysia will re-introduce the Sales and Services Tax (SST), replacing the three-year-old Goods and Services Tax (GST). Read our latest Regulatory Brief to know more about this levy.

Indonesia’s Growing Special Economic Zones – Opportunities and Challenges

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Over the last decade, Indonesia’s special economic zones (SEZs) and industrial estates have grown multi-fold. In this article, we discuss the incentives offered by Indonesia to facilitate investment in these zones.

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