Thailand has made an amendment to the Labor Protection Act to offer the same labor rights to remote workers.
Foreign businesses should focus on Indonesia’s Company Law, which dictates the accounting standards companies should adhere to when preparing financial statements.
With Swiss investments already spreading across Southeast Asia, it comes as no surprise that Indonesia, a prominent member of ASEAN, has been a key focus for Swiss FDI.
Indonesia adopts a worldwide income taxation system, meaning that those considered tax residents pay tax on income they earn in Indonesia.
The European Union and Malaysia’s Partnership and Cooperation Agreement can help restart discussions on a future free trade agreement.
Singapore and the United Kingdom have agreed to deepen bilateral cooperation on fintech and sustainable finance.
A tax resident in Cambodia is someone who domiciles in the country or is in Cambodia for more than 182 days in any 12-month period.
The Smart Digital Hub will host bonded warehouses storing Chinese products to be sold in Thailand and Thai products to be shipped to Chinese consumers to be sold on Alibaba platforms.
Singapore adopts a territorial basis of taxation and so businesses are taxed only on Singapore-sourced income.
Singapore’s M-SEP scheme enables companies to hire foreign S Pass and Work Permit holders above the permitted prevailing quotas.