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Trans-Pacific Partnership Negotiations Continue, FTA Likely Signed This Year

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Over 600 delegates from 11 countries are currently meeting in Singapore with an aim to continue progress on the TPP agreement.

ASEAN-India Free Trade Area Part III: Cambodia, Brunei, Laos and the Philippines

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By Alex Tangkilisan Feb. 27 – In the third part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Cambodia, Brunei, Laos and the Philippines. While the Philippines is part of the ASEAN six majors, Cambodia, Brunei and Laos are the three smallest economies in the region. […]

Update: China’s Free Trade Agreements

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Over the past years, China has been actively pursuing FTAs with various countries. So far, the country has 16 FTA partners comprising of 28 economies.

ASEAN-India Free Trade Area Part I: Introduction

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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, […]

China Set to Lose Out to Vietnam as U.S. TPP Deal Looms

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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, […]

Hong Kong and Italy Sign Comprehensive DTA

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On January 14, 2013, Hong Kong and Italy signed a comprehensive double taxation agreement (DTA).

China’s SAT Releases Clarifications on Capital Gains Under DTAs

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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, […]

Vietnam-EU Free Trade Agreement Negotiations Continue

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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 […]

India-ASEAN Services and Investments FTA Finalized

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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 […]

New Issue of Vietnam Briefing: Annual Compliance and Audit

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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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