Indonesia Issues Regulation on Working Capital Incentives for MSMEs
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
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
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
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
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
The Cambodian government launched its new online business registration system (Single Portal) on June 15, 2020.
Singapore Begins Phase 2 of Reopening: Safe Transition
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
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
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
Singapore introduced its first ever Guidelines for E-commerce Transactions (TR 76) to help businesses develop customer-centric e-commerce policies.