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Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.
Withholding tax (WHT), also called retention tax, is an obligation on the individual (either resident or non-resident) to withhold tax when making payments of a specified nature, such as rent, commission, salary, for professional services, to satisfy contract provisions, and so on - at rates specified in India’s tax regime.
The Vietnamese government has issued another law supporting businesses to overcome the effects of the pandemic. Resolution 105/NQ-CP was issued on September 9 and goes in effect on the date to support businesses, cooperatives, and household businesses affected by the pandemic.
As an important country along the ancient Silk Road and the new Silk Road Economic Belt, Uzbekistan was the first among the five Central Asian countries to establish formal diplomatic relations with China. Over the past 20 years since the establishment of diplomatic ties, bilateral cooperation in various fields between Uzbekistan and China has been advancing smoothly. In June 2016, China-Uzbekistan relations were officially upgraded to a comprehensive strategic partnership.
Minimum wages in China continue to grow. So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia, Shanxi, Shaanxi, Tibet, Xinjiang, Zhejiang, , as well as the cities of Beijing and Tianjin have raised their minimum wage standards. Meanwhile, the province of Jilin and the city of Chengdu stated they would adjust their minimum wages this year. We provide a national guide to minimum wages and related overheads in China.
India’s biotechnology industry has been steadily expanding in the last five decades with several segments. The COVID-19 pandemic and changes due to R&D investment has allowed the biotech industry to build upon its traditional strengths in vaccine manufacturing, agriculture science, and clinical research as well create urgent capacity for industrial applications and bio-services. The industry is also home to over 4000 start-up enterprises.
Individuals, companies, and other organizations increasingly use electronic signatures, or e-signatures, to sign contracts and complete other transactions in Singapore. Due to cybersecurity concerns and the potential for forgery, the Singaporean government has specific regulations governing the use of e-signatures. The government has updated its regulations to align with international best practices. In this article, we look at how Singapore regulates e-signatures, and what steps companies should take when using them to complete contracts.
The 'common values' phrase seems set to influence the West’s future policy towards China and Russia, meaning that understanding it becomes important. Neither Biden nor Johnson have spelled out exactly what they mean by this term however, leaving it open to their interpretation. However, a US consultant specializing in values within the business sector has identified seventeen “common values” he says are paramount. They are....
Representatives of the Economic Development Ministry will carry out their functions as part of Russian trade missions abroad, without being part of the staff of the missions. An expansion of existing activities in Asia and Africa can be expected to be prominent.
This past week has been busy in geopolitical trade developments on a global basis. We analyze the export trade dynamics between BRI countries and China and examine the potential in China’s trade agreements with the EU and the Asia-Pacific-based CPTPP. We examine ASEAN’s trade partner meetings, with new initiatives developing with the US, EU, Hong Kong, India, and Russia, and summarize the 2021 BRICS summit just held in Delhi.
The blow out in global commodity and intermediate goods prices has seen producer price inflation (PPI) approach crisis levels across the world’s economies. In response, China’s government has taken prudent measures to dampen excessive commodity price increases, while retaining strong demand for imported raw materials and capital goods in powering the economy forward; an outcome benefiting many countries which have signed up to its Belt and Road Initiative (BRI) in recent years.
Individuals and companies are increasingly using electronic signatures, or e-signatures, to sign contracts and complete other transactions in Singapore.
We discuss employer’s responsibilities regarding processing employees’ personal information during the employment relationship and offer practical advice.
India’s biotechnology industry is steadily diversifying its capacity from biopharma and clinical research to bio-agro, bio-services, bioIT, and industry applications.
To aid with business recovery and economic growth, Vietnam issued Resolution 105 on helping businesses affected by the pandemic including easing restrictions for hiring foreign workers.