Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 2 - Apr/May/Jun 2024
 

Incentives for Voluntary Business Registration in Information and Broadcasting Sector

On 3 May 2024, the Ministry of Commerce issued Notification No. 1538 on Incentives for Voluntary Business Registration for Information and Broadcasting Sector ("Notification") to set out certain exemptions for businesses in the sector. Under the Notification, any person who intends to register a business in the information and broadcasting sector is: (i) entitled to a three-year exemption from payment of public service fees for business registration; and (ii) exempted from penalties which could be imposed on businesses operating without due registration.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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