About: ASEAN Briefing

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    Vietnam and Singapore Sign Second Protocol to Amend DTA

    Jan. 16 – On September 12, 2012, Singaporean Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Vietnamese Minister of Finance Vuong Dinh Hue signed a second Protocol to amend the existing double taxation agreement (DTA) between the two countries. The DTA entered into force on January 11, 2013 in Singapore, and will be[…..]

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    New Issue of Vietnam Briefing: Annual Compliance and Audit

    In this issue of Vietnam Briefing, we address a number of annual compliance topics relevant to foreign investors in Vietnam. Namely, annual reporting for foreign-owned enterprises and representative offices, as well as annual tax finalization (corporate income tax and personal income tax), and annual financial statements (structure, general accounting treatments, deductible expenditures, submission).

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    Singapore-European Union Conclude Free Trade Agreement

    Dec. 18 – Singapore concluded an agreement with the European Union (EU) this weekend in a deal that will grant both parties improved access to each other’s markets. Singapore is the first Southeast Asian nation to conclude such a deal, with the agreement seeing the EU eliminating tariffs on all imports from Singapore over a[…..]

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    Vietnam-Thailand to Boost Bilateral Trade

    Bilateral trade to grow at 20 percent annually Dec. 4 – Vietnam and Thailand, both members of ASEAN, have agreed to boost bilateral trade and improve political and economic links, according to news reports issued by both countries. The two nations have long maintained strong strategic and diplomatic relations, however the new agreements provide better[…..]

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    Intra-Asian Trade Flows to Help Global Economy Top US$100 Trillion by 2020

    China and India-based trade corridors to pave the way Nov. 29 – A report by the United Overseas Bank (UOB) of Singapore has indicated that the global economy will increase by 73 percent over the US$63 trillion seen in 2010 to reach US$109 trillion by 2020, with Asian trade flows one of the key factors[…..]

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    India Amends DTAs with Spain and the United Kingdom

    Nov. 21 – India has initiated the process to revise its double taxation avoidance agreements (DTAs) with over 75 countries in an effort to strengthen its legislative framework to control the black money generated domestically and the flow of such illegal funds to foreign countries. On October 26, India signed a protocol to amend the[…..]

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    China to Join RCEP, Creating Massive Free Trade Area with ASEAN, India, and Japan

    Plus Myanmar issues new foreign investment law Nov. 9 – China is set to commence negotiations to create a 16-nation trade bloc, known as the Regional Comprehensive Economic Partnership (RCEP), with its launch expected to be formally announced at the ASEAN summit in Phnom Penh later this month. The RCEP will include the 10 members[…..]

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    Obama to Visit Myanmar, New Foreign Investment Law Released

    By Daniel Fleishman Nov. 9 – U.S. President Barack Obama, who won a second term in office this past Tuesday, will be taking a trip to Myanmar later this month as part of a broad tour of Southeast Asia. He will make history as the first American president to visit Myanmar and the second high-level[…..]

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    Selling U.S. Exports to Asia’s Middle Class Consumers

    Oct. 22 – One of the main issues I’ve been discussing in the United States this past week with law and tax practices, universities, chambers of commerce and potential clients in Columbia, Charlotte, and San Francisco, is the growing trend of American exports to China. The demographics already tell us that a major wave of[…..]

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    Global Brands Ripe for Asia, Not Just China

    Sept. 8 – As the inevitable rise of a significant Asian consumer base begins to take effect, Chinese ownership of reputable brand names is being pushed as a major driver towards Chinese domination of the world’s top marks. According to China’s Vice-Minister of Industry and Information Technology Yang Xueshan, China is determined to have 100[…..]

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