The Guide to Employment Permits for Foreign Workers in Myanmar
Hiring foreign employees in Myanmar can be a complicated process due to the country’s lack of a comprehensive employment permit system for foreigners. Here, we look at different options for foreigners to acquire legal working status in Myanmar.
An Introduction to Doing Business in ASEAN 2017
An Introduction to Doing Business in ASEAN 2017, the latest publication from Dezan Shira & Associates, is out now and available in the Asia Briefing Bookstore. This guide introduces the fundamentals of investing in ASEAN to foreign investors and provides an overview of current legislation throughout the region.
Personal Income Tax in ASEAN: a Guide to 2017 Rates
Personal income tax, or PIT as it is commonly referred, is a tax levied on all wage earners within a given jurisdiction. In the following article, we outline PIT tax brackets in individual member states of ASEAN.
Electrifying Laos: Opportunities for FDI in 2017
While Laos is still one of the poorest members in ASEAN, the country has posted strong growth rates for the past ten years, typically oscillating between seven and eight percent. Here, we outline opportunities for FDI in this emerging economy.
Sourcing Talent in ASEAN: A Guide to Regional Opportunities
With over 625 million inhabitants spanning 10 member states, ASEAN is endowed with a diverse workforce capable of supporting a multitude of manufacturing and service based investments. In this extract from the latest issue of ASEAN Briefing Magazine, we look at sourcing talent in Southeast Asia.
Making Sense of Thailand’s Foreign Business Act
The Foreign Business Act is the predominant legislation governing foreign investment in Thailand, and has recently been amended to open more industries to overseas investors. This article outlines the key features of the Foreign Business Act, including the recent update and its implications.
ASEAN Regulatory Brief: Indonesia Transfer Pricing Rules, Singapore-Laos Cooperation, and Thailand 4.0 Strategies for SOEs
In this week’s ASEAN Regulatory Brief, we look at new transfer pricing documentation requirements in Indonesia, growing cooperation between Singapore and Laos, and Thailand 4.0 strategies for state-owned enterprises.
Evaluating Cambodia’s Tax Reform
Cambodia’s recent tax reforms, which aim to introduce small and medium sized taxpayers into the formal economy, have been called the country’s most significant in decades. Here, we look at updated tax tiers, Tax on Profit and Tax on Salary rates, and other recent developments in Cambodia’s tax regime.
ASEAN Market Watch: Indonesia Seeks Engineers, ASEAN ICT Masterplan, and Singapore-Malaysia High Speed Rail
In this week’s Market Watch, we look at Indonesia’s shortage of engineers, Philippines’ manufacturing services, ASEAN’s ICT Masterplan, and the Singapore-Malaysia High Speed Rail.
Hungry for More: A Taste of ASEAN’s Foodservice Industry
In 2015, Southeast Asia’s restaurant sales totaled more than US$100 billion, a market size equivalent to that of India or Brazil. ASEAN has accordingly been identified as one of the four key target regions for international expansion in the consumer foodservice industry for 2017.