In another sign that the government is keen to allow to foreign law firms and accountants in India, the government on January 3 amended the Special Economic Zone (SEZ) rules which may make legal and accountancy services from foreign companies possible in SEZs.
Since January 2017, a range of policies have come into effect for foreigners and foreign firms. The introduced changes impact international tourism companies, foreign advertisement firms, trade offices, foreign crew on ships, and visa processing.
It is becoming easier to trade across borders from Vietnam, according to the World Bank’s Doing Business Guide. Due in large part to Vietnam’s proximity to China and the country’s access to the ASEAN free trade area, exports of goods added up to over US$170 billion in 2016.
Normative Instruction 1.683 RFB / 2016, published in Official Gazette by the end of December, amends Normative Instruction 1.037 RFB/2010, which lists countries or dependencies with favored taxation and privileged tax regimes.
As host of the 2016 G20 summit, Zhejiang province has been thrust into the global spotlight in recent months. The province of 55 million people is advantageously located on China’s east coast, south of Shanghai which is easily accessible via one of the world’s transoceanic bridges spanning the Hangzhou Bay.
In a move that will boost foreign investment and business in the Indian economy, the Modi government recently unveiled various incentives for private companies that want to set up in international financial service centers (IFSC) in the country.
When you receive the ‘extrait Kbis’ (the certificate of incorporation) you will be provided with a registered number which is your company ID number that must be written on all official documents and invoices.
Vietnam climbed 11 places to 167th position in terms of paying taxes according to the World Bank’s 2016 Doing Business report. The World Bank uses criteria of paying taxes to rank 189 countries on the ease of doing business. The Finance Ministry and the Vietnam Chamber of Commerce and Industry highlighted the ranking during a dialogue on November 28 in Hanoi.
Overseas companies providing online information and database access (‘OIDAR’) services will have to pay service tax from December 1, 2016, making electronic services potentially costlier for consumers.