RCEP Negotiations in Singapore, Claiming GST in India – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
In the sixth Regional Comprehensive Economic Partnership (RCEP) ministerial meeting held in Singapore, the negotiations for the conclusion of the proposed RCEP reached a critical stage; the top leaders from the 16-member coalition came together and pledged to endorse a package of outcomes by year-end.
India is doubling its effort to ease the compliance burden of businesses under the goods and services tax (GST) system. In its latest move, the country set the submission of GSTR-2A form as the only prerequisite for claiming income tax credit (ITC) under the GST.
The Belt and Road Initiative has by leaps and bounds become one of the most contentious issues that China has introduced over the past quarter century. It is prudent to understand why this should be so, and there are many reasons as to why China’s Belt & Road Initiative attracts such attention.
In June 2018, Vietnam passed a new Competition Law, replacing the 2004 version of the law. The new law, which focuses on competition restraining agreements, market dominance, economic concentration, and unfair practices, will be in effect from July 1, 2019.