Singapore has increased its goods and sales tax (GST) rate by one percent to nine percent as of January 1, 2024.
This Guide covers the fundamentals of investing in ASEAN, including market entry, company setup, tax and audit, and HR and payroll.
Malaysia’s economic corridors offer foreign businesses ample opportunities to invest in sectors that have transformed the country into a leading economic power in Southeast Asia.
Southeast Asia has the potential to be a global leader in renewable manufacturing while simultaneously achieving its economic growth targets.
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Sign Up NowThis Guide covers the fundamentals of investing in ASEAN, including market entry, company setup, tax and audit, and HR and payroll.
Malaysia’s economic corridors offer foreign businesses ample opportunities to invest in sectors that have transformed the country into a leading economic power in Southeast Asia.
The ASEAN and the GCC stand out for their unique contributions and growing interdependence in trade and investment.
The Singapore Exchange (SGX) will begin mandating more industries to submit environmental, social, and governance (ESG) reports for the 2024 financial year.
We recap key economic indicators from Singapore in 2023, including trends and opportunities for the city-state.
Singapore has increased its goods and sales tax (GST) rate by one percent to nine percent as of January 1, 2024.
Cambodia and France have entered the first round of negotiations on a double taxation avoidance agreement to bolster trade.
Laos has introduced a new decree introducing strategic excise tax adjustments on various products.
Indonesia and Australia will collaborate in the EV industry through an MoU that focuses on battery manufacturing and minerals processing.
Malaysia has announced two new rules governing transfer pricing norms in the country. Multinational entities should take note.
For businesses to take maximum advantage of the Indonesian market, they must trademark their brand and products to ensure their business interests are protected.
Singapore's Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.
Singapore's proposed Significant Investments Review Bill will increase oversight of ownership changes in critical entities.
Foreigners who owns a rental property in Vietnam must understand their tax reporting and remittance obligations.
Before establishing a family office, families must identify which corporate structure aligns most effectively with their business requirements.
Southeast Asia has the potential to be a global leader in renewable manufacturing while simultaneously achieving its economic growth targets.
Saudi Arabia and Indonesia signed a MoU on Halal product assurance cooperation in addition to the mutual recognition of each other’s Halal certificates.
The Indonesian government is considering expanding its visa-free entry policy to visitors from a further 20 nations as the country aims to increase tourist numbers and boost economic growth.
The increasing deployment of satellites and other payloads into orbit by ASEAN countries opens numerous avenues for foreign investment in the space sector.
Indonesia and Australia will collaborate in the EV industry through an MoU that focuses on battery manufacturing and minerals processing.
Thailand’s Eastern Economic Corridor has issued a new investor visa in a bid to boost foreign investments in targeted industries.
Thailand is set to announce a minimum wage increase for 2024, expected to surpass the inflation rate. It is likely to fall short of the initially proposed 400 baht (US$11.12) per day to mitigate potential negative impacts on small and medium-sized enterprises.
Service contracts in Vietnam are a flexible alternative for firms to find human resources support and staff time-bound or specialized projects.
Cambodia's vital GFT industries, encompassing garments, footwear, and textiles, are set for a minimum wage increase in 2024. We've observed adjustments in minimum wages for various worker categories, including regular, probationary, and piece-rate employees.
Cambodia has opened the application window for businesses to apply for the foreign employee quota. Under the quota system, only 10 percent of a local company’s workforce can be a foreign employee.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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