ASEAN Today – Regional Legal and Business News for November 2018 including an update on eligibility to obtain a Residence Certificate, an overview of the new Revenue Code act on transfer pricing, tax exemption on donations made to hospitals affiliated with government sectors, and additional requirements for qualified representatives for VAT refunds.
Thailand, Vietnam, Singapore, Malaysia, and Indonesia launched the ASEAN Single Window (ASW) in 2018 and the remaining 5 ASEAN members are expected to implement it in 2019. The ASW is an integrated platform that facilitates trade through faster clearance of cargo and release of shipments.
By connecting the National Single Window of each ASEAN county, the ASW synchronizes the single submission and processing of data and is a single point of approval for customs clearance of cargo. Under the ASW, physical certificates of origin will be digitized and this will reduce the waiting times for goods at borders to one to three days.
ASEAN Innovation Analysis The international arm of the IP Office of Singapore (IPOS) released The State of Innovation in ASEAN 2018 which is an overview and analysis of the invention patents filed by ASEAN applicants in the last 10 years.
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