Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 1 - Jan/Feb/Mar 2022
 

Second Extension of Imposition of Penalties re: Application for E-Commerce Permit/Licence

On 3 March 2022, the Ministry of Commerce ("MOC") issued Notification No. 0528 MOC.BRD on the Extension of the Imposition of Penalty in relation to the Application for E-Commerce Permit or License ("Notification").


Per the Notification, all individuals, sole proprietorships, legal entities and branches of foreign companies ("Relevant Persons") which carry out business activities through electronic platforms have until the end of June 2022 to apply for permits or licences for E-Commerce. Relevant Persons who carry out e-commerce activities without a permit or license will be subject to pecuniary fines and applicable penalties from 1 July 2022 onward.


Please note that this is the second extension of imposition of penalties in relation to the application for e-commerce permits or licences. The first extension, being until 1 March 2022, was set out in Notification No. 2908 MOC.BRD dated 1 December 2021. 



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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heng.chhay@rajahtann.com

Desmond Wee
Director
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