The Philippines' Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.
The EU is not a signatory to the RCEP agreement, but there are indirect ways in which EU businesses can access this market. We look at the possibilities.
Since the UK has free trade agreements with various member states of the RCEP, including Singapore and Vietnam, it could enjoy wider Asia market access.
As a frontier city in the technology industry, Shenzhen’s regulations may be influential in setting national standards for artificial intelligence in China.
Overseas service providers looking at Hainan should note how the negative list for cross-border trade in services will impact market access in 11 sectors.
Vietnam’s Decree 70 stipulates that advertising service providers engaging in cross-border advertising services must abide by regulations on cybersecurity, and the provision and use of internet services, as well as pay tax.