ASEAN’s Free Trade Agreements: An Overview
WEBAug 20, 2021 · Doing Business. It is important for foreign investors to understand ASEAN’s free trade agreements (FTAs) to capitalize on the bloc’s long-term potential. These FTAs offer numerous benefits such as tax holidays, improved custom clearances, and reduced import costs. ASEAN could become the world’s fourth-largest economy by 2030, comprising ...
A Guide to Taxation in the Philippines - ASEAN Briefing
WEBJul 16, 2024 · The CIT of 25 percent is levied on net income on all sources. Non-resident companies are taxed only on their Philippine-sourced income. Domestic companies are taxed on their worldwide income. The Ease of Paying Taxes Act, also known as Republic Act No. 11976, became effective on January 22, 2024.
The Guide to Employment Permits for Foreign Workers in the …
WEBJul 12, 2022 · The most common type of work visa issued in the Philippines is the 9 (G) visa, also known as the Pre-arranged Employment Visa. It allows employers in the country to employ foreign nationals with skills, qualifications, and experience that may be in short supply in the country. The issuance of the 9 (G) visa falls within the competencies of the BI.
The Philippines’ Relationship With ASEAN - ASEAN Briefing
WEBMar 22, 2017 · ASEAN is one of the cornerstones of the Philippines’ foreign and trade policies. This is manifested in the Philippines policy to promote a more peaceful, stable, and free South East Asia, through the pursuit of different initiatives, in the policy making, economic, trading and functional cooperation activities.
The Guide to Thailand’s Import and Export Procedures - ASEAN …
WEBDec 26, 2016 · HR & Payroll. Across ASEAN. Events. Publications. Media. Doing Business. The Guide to Thailand’s Import and Export Procedures. of 1999, foreign businesses set up in a range of industries in Thailand must have a Thai majority shareholder. One line of business that is exempt from this is import/export trading.
A Guide to Taxation in Indonesia - ASEAN Briefing
WEBFeb 1, 2023 · Individuals, companies, and other organizations in Indonesia must pay stamp duties on certain legal documents. As of January 2021, the standard stamp duty tax rate is 10,000 rupiah (US$0.70). Previously, stamp duty was either 3,000 rupiah (US$0.20), 6,000 rupiah (US$0.40), or a combination of these rates.
Rules of Origin Criteria of ASEAN’s Free Trade Agreements
WEBJan 4, 2018 · RELATED: Pre-Investment and Market Entry Advisory from Dezan Shira & Associates. RVC requires that a certain percentage of the good’s value must originate in a FTA member country for the good to be considered as originating. Under ASEAN’s FTAs, this percentage is generally 40 percent of the Free on Board (FOB).
The Guide to Employment Permits for Foreign Workers in Indonesia
WEBMay 22, 2024 · For a local company to employ a foreign worker, they must prepare a Foreign Worker Utilization Plan (Rencana Penggunaan Tenaga Kerja Asing (RPTKA)) — a document that details the specific work, position, and length of employment the foreign employee will undertake in Indonesia.The RPTKA now also serves as the basis for the MOM to grant visas and stay permits.
Indonesia's Positive Investment List: Sectors Open to Foreign …
WEBJun 28, 2024 · The general principle under the positive investment list is that a business sector is open to 100 percent foreign investment unless it is subjected to a specific limitation. The regulation presents one of Indonesia’s greatest liberalizations in foreign ownership limitations since the negative investment list was first introduced in the 1980s.
An Overview of Indonesia’s Free Trade Agreements - ASEAN Briefing
WEBMar 28, 2023 · It also allows for back-to-back shipment of goods between member countries, third-party invoicing of goods, and ASEAN cumulation. Free trade agreements will play an increasingly important role in Indonesian exports, which could rise to US$300 billion in 2024, an increase from the US$268 billion recorded in 2022.