Legal Framework
From The Report: Sarawak 2015
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This chapter examines the legal framework environment for doing business in Sarawak, focusing on new sales and purchase agreements, goods and services tax, foreign property investment, minimum wage policy and the variety of visa options available to foreigners. It also contains a viewpoint from Alvin Wong, Managing Partner, Sia, Alvin Wong & Partners.

Articles from this Chapter

Overview

A new goods and services tax to go into effect in Sarawak by April 2015
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BACKGROUND: Land use in Malaysia is governed by three pieces of legislation. In the states of Peninsular Malaysia, the applicable legislation is the National Land Code 1965; in Sabah the applicable law is the Sabah Land Ordinance; and in Sarawak the applicable legislation is the Land Code (Cap. 81) 1958. SARAWAK LAND CODE: Identical to the Torrens Title, the Land Code implements a system of land title that only recognises registered land interests in land holdings maintained by the state.…

Viewpoint

Alvin Wong, Managing Partner, Sia, Alvin Wong & Partners, on the challenges and rewards of the new tax system
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In 1954 France pioneered the introduction and implementation of the goods and services tax (GST). As of January 2014, only 41 out of 193 UN member states do not have or have yet to implement GST or value-added tax (VAT). The growing number of countries with GST can be seen as the effect of growing budget deficits and the consequent need of governments to raise revenues. The adoption of GST in countries can also be seen as necessary to enhancing the country’s level of competitiveness in…