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Economy & Trade

Singapore and EU Conclude Digital Trade Agreement

09/03/2024

Discover how the EU-Singapore Digital Trade Agreement enhances cross-border digital trade, promotes innovation, and fosters secure data flows.

Australia Approves Renewable Energy Link to Singapore

08/23/2024

Australia's approval of a renewable energy link to Singapore can reshape Southeast Asia's energy landscape and boost regional clean energy initiatives.

Indonesia's Record Investment Inflows: Key Highlights from H1 2024

08/20/2024

Indonesia achieved a record-breaking investment inflows in the first half of 2024, driven by significant foreign and domestic interest across key sectors.

Swiftonomics: Fueling Singapore’s Entertainment Hub Growth

08/06/2024

Swiftonomics is fast-tracking Singapore’s emergence as a leading entertainment hub.

Unlocking Prosperity: Key Reasons to Invest in Timor-Leste

08/05/2024

Timor-Leste, rich in natural resources and strategically positioned, offers unique investment opportunities as it aims for full ASEAN membership.

The Allure of Singapore for High-Tech Manufacturing

08/03/2024

Singapore's strategic location, business-friendly environment, and cutting-edge infrastructure make it a premier hub for high-tech manufacturing in Asia.

Tax & Accounting

Philippines Imposes New VAT Rate on Foreign Digital Services

09/08/2024

Explore how the Philippines' new 12% VAT on foreign digital services reshapes the market, affects consumers, and drives local industry growth.

Vietnam Extends VAT Cut Until 2024

08/01/2024

Vietnam's Decree 72/2024 extends the 2% VAT reduction on specific goods and services to the end of 2024, lowering operational costs and boosting economic growth for eligible sectors.

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

07/26/2024

The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.

Singapore Could Grant Tax Rebates to Refineries for 2024-25

07/22/2024

Singapore’s refining hub faces new carbon taxes, but proposed rebates aim to sustain its competitive edge.

Audit and Compliance in the Philippines: A Guide for Foreign Investors

07/18/2024

The Philippines is modernizing its tax administration by simplifying compliance and introducing a 'file and pay anywhere' system for enhanced taxpayer convenience.

A Guide to Taxation in the Philippines - Updates for 2024

07/16/2024

The Philippines imposes a territorial tax system, meaning only Philippine-sourced income is subject to taxes.

Legal & Regulatory

Malaysia’s Data Protection Overhaul: Key Changes and Impacts on Business

09/15/2024

Discover the latest changes to Malaysia's Personal Data Protection Act (PDPA) and their impact on businesses, including new data protection officer requirements, expanded data processor responsibilities, and increased penalties for non-compliance.

Laos and the EPO: Unlocking New Opportunities for Patents and Investment

09/12/2024

Laos joins the EPO validation states, simplifying patent protection for European businesses and driving economic growth through foreign investment.

Malaysia's Cyber Security Act 2024: What Businesses Need to Know

08/30/2024

Explore the key provisions and business implications of Malaysia's Cyber Security Act 2024. Learn how this legislation impacts National Critical Information Infrastructure.

Mandatory E-invoicing in Malaysia: A Guide for Businesses

08/28/2024

Discover how Malaysia's mandatory e-invoicing rollout impacts businesses and the steps needed for compliance.

Thailand’s Ignite Finance Initiative: A Strategic Push to Become a Global Financial Hub

08/19/2024

Thailand’s newly-launched Ignite Finance initiative aims to transform the country into a leading global financial hub

New Legislative Changes for Corporate Service Providers in Singapore

08/16/2024

Singapore's new legislative changes aim to enhance corporate transparency and strengthen anti-money laundering measures by regulating corporate service providers and nominee directors.

Industries

New Regulation Boosts Investment Incentives in Indonesia's New Capital

09/11/2024

Discover how Indonesia's new regulation GR 29/2024 enhances investment incentives in Nusantara with extended land rights, streamlined approvals, expanded authority powers, and new rules on foreign workers.

Regulatory Shifts in Indonesia’s Mining Sector: Empowering Local Stakeholders

09/05/2024

Explore the key changes introduced by Indonesia's Government Regulation 25 of 2024 in the mining sector. This article covers new licensing requirements, downstream policies, and their implications for local stakeholders and the industry.

Philippines Plans Stock Tax Reduction to Revive Capital Market

08/27/2024

The Philippine government plans to drastically reduce the stock transaction tax from 0.6 percent to 0.1 percent, a move which aims to stimulate trading activity and attract more investors.

Boosting Tourism in Laos: New Visa Policies, Railway Routes, and Service Enhancements

08/25/2024

Laos is aiming to boost its tourism industry with visa exemptions, expanded railway routes, and upgraded service standards.

Vietnam’s Da Nang to Develop Free Trade Zone, Connect with Strategic Lien Chieu Port

08/22/2024

Da Nang is set to boost its trade and investment by developing a new Free Trade Zone and constructing the strategic Lien Chieu Port.

Vietnam's Data Center Market: A New Frontier for Global Investors

08/14/2024

Vietnam’s data center market stands at the threshold of significant growth, driven by the country's evolving digital landscape and the recent implementation of the revised Telecommunications Law.

HR & Payroll

Singapore Bans Employers of Record Sponsorship: Key Alternatives for Foreign Businesses

09/10/2024

Understand Singapore's ban on Employers of Record sponsorship for foreign workers and explore alternative hiring options for non-Singaporean businesses.

Cambodia Opens Foreign Employee Quota Application for 2025

09/03/2024

Cambodia has opened the application window for businesses to apply for the foreign employee quota. The deadline for applications is the end of November 2024.

ASEAN Labor Costs: Minimum Wage and Social Insurance Essentials

08/13/2024

When assessing labor costs in ASEAN, foreign investors should be aware that governments are increasing social protection expenditure in areas such as pensions, health coverage, and welfare assistance.

New Digital Nomad Visa: Thailand’s Plan to Boost Tourism

08/09/2024

Thailand's new Destination Thailand Visa aims to boost tourism and attract global talent by offering digital nomads and remote workers up to 180 days of stay.

Indonesia Launches Golden Visa to Drive Investment

08/01/2024

Indonesia’s Golden Visa offers long-term residency to global investors, skilled professionals, and retirees.

Overhaul for Malaysia's My Second Home Program: What You Need to Know

07/03/2024

Malaysia's MM2H program introduces a three-tier system with mandatory property purchases and revised visa requirements.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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