Step Into Southeast Asia,
Your Management Strength Comes With You

Following the five stages of enterprise globalization, the Preparation Stage begins with market research and information gathering: assess the destination's policies and regulations, industry environment, workforce and supply chain, complete your capital planning and build a network of resources and contacts to reduce risk. The Establishment Stage centers on statutory compliance—company registration, foreign-investment incentive eligibility (such as Thailand's BOI), tax registration and certification. We recommend building systems and data governance into your plans during these two stages, so you won't have to start over once you're on the ground.

Thông tư 99 (TT99) applies to fiscal years beginning on or after 2026/01/01, fully replacing 200/2014/TT-BTC and its supporting documents. Its spirit is a shift from "passive compliance" to "active management": for the first time, it explicitly requires enterprises to establish and issue internal governance rules and build an effective internal control system, with financial statements progressively aligning to IFRS.

The demands on systems rise as well—it is no longer only about whether the data is correct, but about explaining how that data is created, controlled and reviewed within the ERP (the Audit Trail).

• Incentives: CIT tax holidays of up to 13 years, §36 exemption from import duties on raw materials for export products, double deduction for R&D expenses, and more.
• Hard deadlines: construction must be completed and a full operating license applied for within 36 months of receiving the certificate, or the certificate is revoked, with back taxes and penalties.
• Dual part-number: BOI part numbers (Duty-Free) and non-BOI part numbers (Duty-Paid) must be separated end to end, from the warehouse and BOM (bill of materials) through to reporting; commingling leads to loss of §36 eligibility and customs back taxes plus penalties.
• Transfer pricing: companies with annual revenue ≥ THB 200 million must submit a TPDF + Local File (Revenue Code Sec. 71bis).

SST is administered by the RMCD (Royal Malaysian Customs Department) and filed every 2 months on form SST-02; e-Invoice is administered by the IRBM (Inland Revenue Board of Malaysia) through the MyInvois platform.

On the system side, it can generate e-invoice files in the required filing format and support the filing process: set up master data once, and documents automatically generate e-invoices, with automatic TIN validation and system-controlled exemption thresholds—reducing manual work and compliance risk.

Yes—the key is a multi-ledger architecture: enter a document once, and the system splits it automatically—local statutory books (for example, Thailand's Buddhist calendar / THB / TFRS), group books (Gregorian calendar / IFRS) and special-purpose books (such as BOI inventory movement and profit-and-loss segregation) each form their own set and stay compliant.

Headquarters sees the group view while local teams see the statutory view—one transaction, entered once, not twice in two places.