ASEAN Briefing News

Indonesia Issues Regulation on Working Capital Incentives for MSMEs

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Indonesia issued Reg 71/2020, which appointed state-owned insurance providers to provide guarantees for banks providing working capital loans for MSMEs.

Indonesia Issues Tax Incentives for COVID-19 Support

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The Indonesian government has granted tax incentives and deductions for domestic taxpayers who have contributed to tackling the COVID-19.

Singapore’s COVID-19 Immigration Measures: Latest Updates

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As of June 17, 2020, Singapore will allow inbound travelers from selected countries to undergo self-quarantine in their place of residence.

Indonesia Issues Regulation on Taxing Digital Services

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Indonesia introduced Reg 48/2020 in May 2020, which imposes a 10 percent VAT on digital service providers.

Indonesia Issues Implementing Regulation for Interest Subsidies Program

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Indonesia’s issued implementing Regulation 65/2020, which addresses the criteria for which businesses can receive interest subsidies.

Cambodia Launches New Online Business Registration System

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The Cambodian government launched its new online business registration system (Single Portal) on June 15, 2020.

Singapore Begins Phase 2 of Reopening: Safe Transition

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Singapore began Phase 2 of reopening its economy from June 19, allowing more businesses to resume activities.

Thailand to Impose Digital Service Tax: Impacting Foreign Providers

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The Thai government has approved draft legislation that will allow the country to impose VAT on international digital service providers.

Malaysia’s PENJANA Stimulus Package: Key Features

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Malaysia issued its latest stimulus package on June 9, 2020, valued at 35 billion ringgit (US$8.1 billion).

Singapore Introduces New Guidelines for E-commerce Transactions

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Singapore introduced its first ever Guidelines for E-commerce Transactions (TR 76) to help businesses develop customer-centric e-commerce policies.

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