By Alex Tangkilisan Feb. 7 – The ASEAN–India Free Trade Area (AIFTA) is a free trade area consisting of the 10 member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed in Bali, Indonesia, on October 8, 2003, and the final agreement was signed on August 13,[…..]
Feb. 6 – The Trans-Pacific Partnership trade bloc that the United States has entered into with 10 nations and of which China has been highly critical, is set to bite into China’s textiles industry later this year when U.S.-Vietnamese negotiations over tariffs and tax rates are concluded. The TPP – which includes the United States,[…..]
On January 14, 2013, Hong Kong and Italy signed a comprehensive double taxation agreement (DTA).
Jan. 25 – On December 31, 2012, the State Administration of Taxation (SAT) promulgated the “Announcement on Issues Concerning the Capital Gains Article under Tax Treaties (SAT Announcement 2012 No.59, hereinafter referred to as the ‘Announcement’).” The Announcement is intended to supplement guoshuifa (2010) No. 75 (“Circular 75”) released by the SAT in September 2010,[…..]
Jan. 23 – On January 16, the Multilateral Trade Assistance Project (MUTRAP) and the Danang Branch of the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar to discuss the contents of the Vietnam-European Union (EU) Free Trade Agreement (FTA). The seminar’s purpose was to assist Vietnamese enterprises in gaining a clearer understanding of[…..]
Jan. 18 – India and the Association of Southeast Asian Nations (ASEAN) finalized their anticipated free trade agreement (FTA) in services and investments on December 20, 2012 during the India-ASEAN Commemorative Summit in New Delhi, India. The move is likely to boost trade to US$100 billion by 2015. Trade between India and ASEAN presently stands[…..]
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).
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[…..]
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[…..]
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[…..]