Common Contracts
2 similar Trade Agreement contracts
ASEAN – HONG KONG, CHINA FREE TRADE AGREEMENTTrade Agreement • September 4th, 2017
Sector or Sub-sector Limitations on Market Access Limitations on NationalTreatment Additional Commitments I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3) Commercial Presence of the foreign service provider(s) may be in the form of joint venture and/or representative office, unless mentioned otherwise. Joint venture should meet the following requirements: (i) should be in the form of Limited Liability Enterprise (Perseroan Terbatas/PT), (ii) not more than 49% of the capital share of the Limited Liability Enterprise (Perseroan Terbatas/PT), may be owned by foreign partner(s). 3) The Income Tax Law provides that non-resident taxpayers will be subject to withholding tax as stipulated in Indonesian tax laws and regulations if they derive the following income from Indonesian source (a) interest (b) royalties (c) dividend (d) fee from service performed in IndonesiaLand Acquisition Undang-Undang PokokAgraria (Land Law) No. 5 of1960 stipulates that no foreigners (juridical
ASEAN – HONG KONG, CHINA FREE TRADE AGREEMENTTrade Agreement • September 4th, 2017
Sector or Sub-sector Limitations on Market Access Limitations on NationalTreatment Additional Commitments I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3) Commercial Presence of the foreign service provider(s) may be in the form of joint venture and/or representative office, unless mentioned otherwise. Joint venture should meet the following requirements: (i) should be in the form of Limited Liability Enterprise (Perseroan Terbatas/PT), (ii) not more than 49% of the capital share of the Limited Liability Enterprise (Perseroan Terbatas/PT), may be owned by foreign partner(s). 3) The Income Tax Law provides that non-resident taxpayers will be subject to withholding tax as stipulated in Indonesian tax laws and regulations if they derive the following income from Indonesian source (a) interest (b) royalties (c) dividend (d) fee from service performed in IndonesiaLand Acquisition Undang-Undang PokokAgraria (Land Law) No. 5 of1960 stipulates that no foreigners (juridical
