ASEAN’s Free Trade Agreements: An Overview
It is important for foreign investors to understand ASEAN’s free trade agreements (FTAs) to capitalize on the bloc’s long-term potential. These FTAs offer numerous benefits such as tax holidays, improved custom clearances, and reduced import costs.
The Guide to Thailand’s Import and Export Procedures - ASEAN …
Dec 26, 2016 · By Dezan Shira & Associates Editor: Harry Handley Since the implementation of the Foreign Business Act of 1999, foreign businesses set up in a range of industries in Thailand must have a Thai majority shareholder. One line of business that is exempt from this is import/export trading. This exemption, along with developed infrastructure and a solid legal framework, have made Thailand a hub for ...
Business, Legal, Tax, Investment, Accounting News | ASEAN Briefing
ASEAN Briefing has developed into a premium source for insight on doing business in ASEAN. It publishes business news concerning foreign direct investment into ASEAN, including the most important tax, legal and accounting issues. The ASEAN Briefing Magazine was first published in 2009, and is contributed to by investment professionals based in ...
Philippines Passes CREATE MORE Act - ASEAN Briefing
May 24, 2024 · On March 18, 2024, the Philippines House of Representatives passed a Bill amending the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act following the third reading. The amendment (), which has been called the CREATE MORE bill, makes key amendments and enhancements to the tax regime introduced in the CREATE Act to clear up inconsistencies and ambiguities, and importantly, to ...
Malaysia Issues Incentives for Forest City Financial Zone - ASEAN …
Oct 2, 2024 · Malaysia has issued fiscal and non-fiscal incentives for the newly founded Forest City Financial Zone (FCSFZ). Forest City refers to a section of the larger Forest City development project, which is a massive smart city initiative located in Johor, Malaysia, near the Singapore border. Forest City is designed to be a futuristic urban development ...
Business Process Outsourcing in The Philippines
Apr 17, 2017 · Business Process Outsourcing in The Philippines - ASEAN Business News. Economy & Trade. Industries. Tax & Accounting. Legal & Regulatory. HR & Payroll. Across ASEAN. Events. Publications.
Comparing Tax Rates Across ASEAN - ASEAN Business News
Jul 26, 2018 · The lowering of CIT rates is often used as a tool by a government to improve the country’s attractiveness to foreign investors. Further, governments make extensive use of tax (as well as non-tax) incentives to attract FDI in forms such as tax holidays, accelerated depreciation or investment credits, which further lowers effective rate of tax for certain industries.
China’s Investments in Indonesia: 2024 Outlook - ASEAN Briefing
Jun 5, 2024 · 2024 outlook. China remains a pivotal source of capital for Indonesia, playing a crucial role in the country’s foreign direct investment landscape. As of 2024, the Indonesian government actively promotes 81 projectsacross diverse business sectors to attract Chinese investors. These projects, included in the Regional Investment Potentials list ...
Malaysia-Singapore Economic Relations: Trade and Investment …
Jun 29, 2024 · The economic partnership between Malaysia and Singapore has thrived through robust trade and strategic collaborations like the Johor Bahru-Singapore Rapid Transit System, and significant investments, positioning both as key players in ASEAN. Their cooperation spans diverse sectors, including electronics, renewable energy, and digital economy, enhancing regional connectivity and economic growth.
New Requirements for Hiring a Foreign Employee in Malaysia
Apr 19, 2023 · The employer will need to complete the following details related to their company: The position the foreign employee is applying for; The total number of employees; The total number of foreign employees; The company’s registration number under the Companies Commission of Malaysia; Contact details and address; Status of the company (active ...