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Trump Visit Concludes, Tentative US-India ‘Phase One’ Trade Deal Proposed
No long-term trade agreement was signed between US and India during President Trump’s India visit. However, during three MoUs and a defense deal was signed between the two countries. Talks for a free trade agreement between US and India are expected to start in the next few months.
China’s Belt & Road Initiative: Where We Are Now And What Is Arriving In 2020

Administrative, Legal, Tax & Free Trade Infrastructure Developments Point To Increasing Foreign Participation


China-Hong Kong DTA: Tax Residency, Permanent Establishment Requirements Amended
China and Hong Kong have signed the Fifth Protocol to their longstanding double tax avoidance agreement (DTA). Business entities as well as individuals holding dual residency should note that the Fifth Protocol revises several aspects of the DTA’s tax residency and permanent establishment provisions. The Fifth Protocol came into effect starting January 1, 2020 in mainland China and will be in effect from April 1, 2020 in Hong Kong. Companies and individuals must review their tax position in both jurisdictions to avoid being challenged by tax authorities.
Indonesia and Tajikistan Ratify Double Taxation Avoidance Treaty
On January 1, 2020, the double taxation avoidance agreement between Indonesia and Tajikistan came into force. It was ratified by the two countries late November last year. Despite having had diplomatic relations for more than 25 years, bilateral trade remains low. Going forward, Indonesia and Tajikistan will strengthen trade relations through 11 areas of cooperation.
GST Audit in India Begins for FY2018: What Should Businesses Know
Businesses in India must file their GST audit report for FY2017-18 by January 31, 2020. For FY2018-19, the last date to file the GST audit report is March 31, 2020. GST audits are necessary to check tax evasion and compliance with GST laws.
How to Set Up a Representative Office in Indonesia
- Establishing a representative office is the fastest and simplest way to establish a legal entity in Indonesia.

- Representative offices are forbidden to earn any revenue and their activities are limited to mainly market research, developing trade contacts, and gathering information on regulations and laws.

- Foreign investors can own 100 percent of this business entity.
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Phone : 84-24-39349608 / 39361167 / 39364134
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