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Thailand Closes Nominee Loophole with New Investment Confirmation Requirement
New Investment Confirmation Statement requirement puts Thai directors and shareholders personally on record when their company’s ownership structure changes to include foreign participation.
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Indonesia Confirms KBLI 2025 Migration Will Be Automatic for Most Businesses
Most Indonesian businesses will not need to amend their corporate documents to comply with the country’s new KBLI 2025 business classification system.
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Thailand Moves Cannabis Industry Into Clinic-Only Model, Giving Dispensaries Three Years to Convert
Under the new model, cannabis can no longer be sold through standalone dispensaries. Sales must take place through a licensed medical clinic
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Indonesia Extends Individual Tax Return Deadline to April 30 Amid Eid Holidays and Coretax System Issues
Indonesia Extends Individual Tax Return Deadline to April 30 Amid Coretax System Issues and Eid Holidays
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Bali Criminalizes Rice Field Conversions: New Regulation Targets Illegal Villas and Nominee Agreements
ew legal framework aims to protect Sustainable Food Agricultural Land (LP2B) by making the conversion of productive rice fields into commercial properties—such as villas—a criminal offense
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New P505 Daily Minimum Wage Now in Effect for Cordillera Region
The minimum daily pay is now P505 (increased from the previous P470).
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Indonesia’s New Business Classification Regulation (KBLI 2025): Companies Must Update Licensing Data by June
BPS has officially issued Regulation No. 7 of 2025, implementing the 2025 Indonesian Standard Classification of Business Fields (KBLI 2025).
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Indonesia Mandates Annual Reporting and Stricter UBO Checks for All Companies (PT & PT PMA)
Regulation No. 49 of 2025 replaces the previous framework (Regulation No. 21 of 2021) and mandates that all companies must now submit a notarized Annual Report to the Ministry.
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Vietnam’s Amended Investment Law: Key Reforms on Business Setup and Licensing for 2026
The new law aims to reduce administrative bottlenecks by shifting from a strict pre-licensing model to a post-compliance inspection model.
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Philippines BIR Suspends All Field Audits and LOAs
The Commissioner of Internal Revenue (CIR) ordered this pause to facilitate a comprehensive review of the bureau’s audit policies.
