Other Briefings
Indonesia Seeks to Clarify Transfer Pricing Practices with PER 22
Transfer pricing continues to be a critical issue for the Indonesian Tax Office (“ITO”). In an effort to provide much needed clarity on transfer pricing practices, particularly in relation to transfer pricing audits, the ITO issued PER 22[1] to provide guidance to auditors on what they should be focusing on in terms of transfer pricing audits. Although auditors are the primary audience for PER 22, which came into effect on July 1 2013, taxpayers can rely on this guidance in order to anticipate the focus and direction of scrutiny in relation to transfer pricing audits in Indonesia.
Myanmar Expands List of Mandatory JVs, Cuts Import Tax Benefits, Seeks Investors for SEZ
In a number of new pieces of legislation and other actions, the Myanmar government has expanded the list of business activities that require the formation of a joint venture (JV), cut import tax benefits for a variety of businesses, and has announced that it is seeking investors for a new Special Economic Zone (SEZ).
Thailand’s Intellectual Property Regime
Recently, Thailand has taken significant steps to boost their intellectual property (IP) regime toward international standards of protection and enforcement. This article provides an outline of the main types of IP that can be registered in Thailand, with a number of tips for foreign businesses.
Singapore Strengthens Investor Protections
The Monetary Authority of Singapore (MAS) has proposed new measures to improve investor protection, including extending current regulatory safeguards to cover non-conventional investment products and making it mandatory for all investment products to be rated according to their complexity and risk.
Transfer Pricing in Malaysia: Past, Present and Future
Transfer pricing continues to be an important issue for the Inland Revenue Board (IRB) in Malaysia.This article discusses recent developments in transfer pricing in Malaysia and advises taxpayers operating in Malaysia on how to prepare for scrutiny by the IRB.
Singapore and Vietnam Sign MOU on Intellectual Property
Singapore and Vietnam committed to greater collaboration on intellectual property (IP) utilization and protection in a Memorandum of Understanding (MOU) signed on Wednesday, July 2. The two countries signed the agreement during the four-day 44th Asean Working Group on Intellectual Property Cooperation (AWGIPC) meeting in Ho Chih Minh City this week.
U.S. Imposes Anti-Dumping Duty on Steel Products from Thailand, Malaysia and Vietnam
The U.S. Department of Commerce announced its decision last week to impose an anti-dumping duty on stainless steel pressure pipes imported from Thailand, Malaysia and Vietnam.
Trade Mark Protection in Southeast Asia for SMEs – Registration and Trade Mark Search
A trade mark is an important asset with significant monetary value for a company. In this article, we outline the registration process for trade mark holders operating in Southeast Asia and review the key issues affecting SMEs’ intellectual property rights.
ASEAN Signs Memorandum of Cooperation on Industrial Property
The European Patent Office (EPO) has signed a Memorandum of Cooperation on Industrial Property with the ASEAN Member States’ Intellectual Property Offices.
Indonesia & Philippines Settle Maritime Boundaries, Look To Increase Trade
The Philippines and Indonesia are to sign a maritime boundary treaty after agreements to do so were reached at a meeting of the two countries’ Foreign Ministers in Jakarta yesterday.
