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Zhejiang, Jiangsu to Roll Out Minimum Wage Standards from January 1

2025-12-30
The minimum wages in China continue to rise. We offer a guide to minimum wages in the Chinese Mainland and discuss how labor costs are affected by changes to the minimum wage levels. The minimum wages in China continue to rise. Most recently, Zhejiang and Jiangsu updated their minimum wage standards, both effective January 1, 2026.
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China Briefing

China Cuts Import Tariffs to Support High-Tech, Healthcare in 2026 Schedule

12/29/2025

China’s State Council has issued the Tariff Adjustment Plan for 2026, updating import and export tariffs on a range of goods and adding new tariff lines to the schedule.

India Briefing

Claiming DTAA Benefits in India: What Every NRI Must Know to Reduce Tax Liability

12/29/2025

India’s DTAA rules are designed to prevent double taxation on cross-border income, yet many NRIs fail to fully benefit from them.

Vietnam Briefing

Capital Transfer Taxation and Exclusions Under Decree 320: A Practical Guide

12/30/2025

Vietnam’s Decree No. 320/2025/ND-CP has altered the application of corporate income tax (CIT) to capital transfers, requiring businesses to comply with its provisions carefully.

Middle East Briefing

Saudi Arabia Cuts Banking and Payment Fees Under New Guide

12/29/2025

Saudi Arabia New Fees Guide introduces lower and capped charges across banking and payment services, strengthening consumer protection, financial inclusion, and digital adoption under Vision 2030.

ASEAN Briefing

Evaluating Indonesia’s Middle-Class Growth Using Business Intelligence

12/29/2025

Indonesia’s middle class is frequently cited as a central pillar of the country’s investment appeal. Population size, income growth, and rising consumption are often presented as evidence of broad-based opportunity.

China Briefing

China Issues Updated Rules on Tax Deduction for Advertising and Promotion Expenses

12/30/2025

The Tax Deduction for Advertising and Promotion Expenses policy in China has been extended for the years 2026–2027.

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ASEAN

How Branch Profit Remittance Tax Applies to Foreign Entities in Vietnam

12/30/2025

Vietnam does not impose a branch profit remittance tax and instead applies corporate income tax and profit remittance rules.

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China

China Briefing

China Issues Updated Rules on Tax Deduction for Advertising and Promotion Expenses

12/30/2025

China has renewed its existing rules on the pre‑tax deduction of advertising and promotion expenses with no substantive changes. The policy extension will apply from January 1, 2026 through December 31, 2027.

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India

India Briefing

Virtual PE Risk: The OECD's 2025 Guidance and India's Position

12/30/2025

The rise of remote work is challenging traditional PE rules based on physical presence. Businesses assessing potential virtual PE presence in India must consider the OECD’s 2025 guidance, India’s virtual PE debate and key judicial rulings.

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Vietnam

Vietnam Briefing

Exploring the Vietnam International Financial Center: Part 1 – Scope, Governance, and Regulatory Framework

12/30/2025

This article outlines the scope, governance, and regulatory framework of the Vietnam International Financial Center.

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Middle East

Middle East Briefing

Dubai’s New Year’s Eve Road Closures: What Businesses Need to Know

12/30/2025

Dubai’s phased New Year’s Eve road closures around Downtown and the Burj Khalifa from 4:00 pm will significantly disrupt commuting, deliveries, and customer access, requiring businesses to plan ahead.

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