On November 14th, Corporate Accounting Services Senior Associate, Ishtaa Jain, will discuss the Goods and Services Tax (GST) on overseas transactions in India.

2019 has been a productive year in terms of new tax policies.

As Vietnam continues to attract record levels of foreign investment, the need to understand the country's remittance policy has never been greater.

Even if they can return to work, public transport in many cities has been seriously curtailed, meaning transportation is likely to be an issue.

Similar to Chinese initiatives, Russia has been investing in Economic Zones to service Russian businesses in Africa and Asia.

In late December 2019, Thailand's Board of Investment (BOI), the government agency responsible for foreign investment promotion, issued new incentives to attract investments in the country's Eastern Economic Corridor.

如果货物进口国审查机关想核查原始档案，可以随时调取。

China and Italy have updated their bilateral double tax agreement (DTA) to encourage investment and provide greater fiscal certainty as the two countries grow closer economically.

Enterprises who qualify for the preferential CIT rate may self-declare to make use of the incentive.

Over the past year, China has faced a deluge of international criticism over its treatment of foreign businesses and the perceived slow pace of market opening.

The Asian Development Bank (ADB) released a report this month on the predicted state of the economies in Asia during and after the COVID-19 outbreak.

The Code On Wages Bill, 2019: What Employers In India Need To Know

Businesses in India must file their GST audit report for FY2017-18 by January 31, 2020.

On February 4, 2020, Indonesia and Singapore signed the updated agreement on the elimination of double tax avoidance and prevention of tax evasion.

Russia and China have agreed to launch a Chinese Yuan dominated fund under the existing "Russia Direct Investment Fund" to cater for jointly financed projects in Siberia, the Russian Far East and North-East China.

The purpose of the statutory audit is to determine whether a company is providing an accurate representation of its financial situation by examining the information, such as books of account, bank balance, and financial statements.

On February 17, 2020, Laos' new Income TaxLaw (Tax Law No. 67/NA) will come into effect. The law replaces Tax Law No. 70/NA, which was issued in 2015 and sets out the latest tax rates for businesses and employees.

The Vietnamese government introduced Resolution 119/NQ-CP (Resolution 119) in December 2019 to address increasing cases of origin fraud and illegal transshipment.

One of Vietnam's advantages making it a preferred destination for investors is its competitive minimum wages as compared to other countries in the region.

In Vietnam, customs and tax authorities are increasingly sharing information to ensure tax compliance of business entities with operations in the country.