Rajah & Tann Regional Round-Up: Issue 1 – Jan/Feb/Mar 2024
 LAO PDR Lao Government Issues Ordinance to Raise VAT Rate to 10% Instructions on Implementation of VAT Obligations for Suppliers of Digital Goods and Digital Platform Services or Electronic Commerce Activities Lao PDR and Vietnam Sign MOU on Cooperation in the Field of Internet Resource Development Decision on Management of International Code Numbers (Barcode) Notice on Use of Unauthorised Foreign Payment Instruments and Payment Channels MALAYSIA New Malaysian Cyber Security Act to Regulate National Critical Information Infrastructures and Cyber Security Service Providers New Renewable Energy Programmes in Line with National Energy Transition Roadmap Relief to Public Listed Companies – The Federal Court’s Decision in Concrete Parade Cambodia and Malaysia Sign MOU to Enhance Cooperation in Financial Innovation and Payments JPDP Announces the Development of New Guidelines under Malaysian Personal Data Protection Act 2010
MYANMAR Extension of Transition Period of Myanmar Investment Online (MyInO) System People’s Military Service Law In Force as of 10 February 2024 Updates on Intellectual Property Laws Issuance of Directive on Agent Banking Services PHILIPPINES Philippine Salt Industry Development Act Signed Into Law AML Council Proposes Two Actions to Have Philippines Removed from Global Money Laundering ‘Grey List’ PCC Increases Thresholds for Merger Notifications Securities and Exchange Commission Issues Philippine Sustainable Finance Taxonomy Guidelines Department of Labor and Employment Issues Revised Implementing Rules and Regulations of Republic Act No. 11360 SINGAPORE Mandatory Climate Reporting for Listed Issuers from FY 2025, and Large Non-Listed Companies to Follow from FY 2027 Business Collaborations for the Greener Good: CCCS Issues Environmental Sustainability Collaboration Guidance Note Singapore and Indonesia Sign LOI to Work on Cross-border Carbon Capture and Storage Four Southeast Asian Stock Exchanges Unite to Develop ASEAN-Interconnected Sustainability Ecosystem ASEAN Issues Guide on AI Governance and Ethics
THAILAND New BOI Incentives: (i) PCB Supply Chain; (ii) International Concerts, Festivals & Sporting Events; and (iii) EV Policies Potential Upcoming Exemption of New Service Businesses from Application of Foreign Business Act Virtual Banking Licences: New Guidelines Released Removal of VAT Exemption Proposed New Cybersecurity Subordinate Laws VIETNAM Proposals for the Development of Law on Data and Law on Personal Data Protection New Development Strategy for Hydrogen Energy Enactment of New Regulations on High-Tech Parks (Decree 10/2024/ND-CP) Enactment of Law on Credit Institutions No. 32/2024/QH15 Enactment of Law on Land No. 31/2024/QH15
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