Newsflash ASEAN


Latest news on law, tax and business in ASEAN.










Welcome to the Q1/2023 edition of our ASEAN Newsflash.


In this issue, we take a look at the implementing regulation to the updated Indonesian Income Tax Law which addresses various issues such as benefits-in-kind, territorial taxation of foreigners or deductible expenses. We also discuss a revised guideline on the tax treatment of income received from abroad which has been issued by the Inland Revenue Board of Malaysia, imposing economic substance requirement as an additional condition for qualifying taxpayers, and take a look at incentives available for companies relocating their manufacturing operations or service facilities to Malaysia; the respective scheme has been extended for two years under the recent budget announcement. 

Malaysia further imposed new guidelines on the employment of foreign workers in view of the amendments to the Employment Act 1955 which, after some delay, entered into force on 1 January 2023. We also note that the Vietnamese Government recognizes the development of a carbon market as an important step to respond to climate change, issuing a decree with a specific roadmap for the reduction of greenhouse gas emissions. These and many more issues can be referred to on the following pages, we trust that our topic selection will bear some interesting features for you. 
Sincerely yours,
Markus Schlueter



Contact Person Picture

Jürgen Baur


+66 2 0263 258

Send inquiry

Contact Person Picture

Markus Schlüter


+49 221 9499 093 42
+49 221 9499 099 00

Send inquiry

 How we can help

Deutschland Weltweit Search Menu