Newsflash ASEAN

In this edition we take a look at Singapore's Significant Investment Review Bill which is expected to take effect in mid-2024 and aims to strengthen the resilience of Singapore`s economy by setting out a new investment management regime for both local and foreign investors. 

    

Other upcoming compliance requirements for direct investment in the region include increased penalties for non-compliance with reporting requirements in the Philippines as well as the current discussion on the Companies (Amendment) 2023 Bill in Malaysia which aims to enhance corporate transparency and accountability by supplementing the existing provisions on beneficial ownership reporting. 

    

We also summarize key tax measures of Malaysia's Budget 2024 and brief you a new regulation introduced by the Indonesian government to provide technical guidelines for valuation procedures for taxation purposes. 

    

We wish you a Joyful Festive Season ahead!