Due to the implementation of the Amended PRC Individual Income Tax (IIT) Law from January 2019, certain non-taxable benefits-in-kind will be replaced by additional itemized deductions for some expatriates, while other non-taxable benefits-in-kind might cease to be exempt from IIT from next year.
US to withdraw troops from Afghanistan by September 11, with regional dynamic changes with Russian and Chinese security in charge. If successful, will bring regional peace and connect Central and South Asia via planned infrastructure development programs.
Vietnam’s Nghe An province has been an attractive investment destination for both domestic and international corporations. The province possesses competitive key drivers regarding strong exports, positive gross regional domestic products, developing industrial zones, and an adequate source of labor.
Deputy Prime Minister Heng Swee Keat has announced that he will step aside as the successor to Prime Minister Lee Hsien Loong. There are several frontrunners from the ruling party who could succeed Lee Hsien Loong, although a transition announcement is not expected to be made until at least next year.
There has been no specific required investment figure mentioned in the draft law yet, however it has previously been stated that to obtain a Residence Permit, foreigners would be required to invest at least 10 million rubles (US$132,000) in a Russian business, or to purchase real estate valued at 30 million rubles.
The UK is following an identical path to Russia in developing trade relations with India, ASEAN, and East Asia. Corporates from both could team up to take advantage of each other’s strengths, some including Free Trade Agreements one has but the other doesn’t.
There has been plenty of critical Western foreign media attention – and the threat of sanctions – over the situation in China’s Xinjiang Province. It is useful to recall that the criticism has come largely from the US and EU concerning Xinjiang.
An Introduction to Doing Business in Hong Kong 2021 is designed to introduce the fundamentals of investing in Hong Kong. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Hong Kong market, but also for companies that already have a presence in the territory and want to keep up-to-date.
This 142 page guide is a unique study into where investment opportunities are arriving within China’s Belt & Road Initiative. As infrastructure builds are completed, investment potential increases. This book discusses the complete free trade, tax, and legal aspects of the BRI as well as detailing potential pitfalls. It provides country and continental case studies on the extent of the BRI and showcases where and how foreign investors may exploit the infrastructure.
China's State Tax Administration and the Ministry of Finance have extended a package of expired or to-be-expired preferential tax and fee policies as well as rolled out new structural tax and fee cut measures, aiming to offset the impact of the government’s post-pandemic economic policy adjustments.
Our guide for solutions for back-office automation in China, including key considerations such as accessing trustworthy support and reliable information resources on-the-ground, knowledge of IT software and service options unique to China, legal compliance, and cyber and data security concerns.
Before setting up a wholly foreign owned enterprise (WFOE) in China, there are several pre-establishment considerations that investors should consider, to optimize the process and decrease the risk of costly errors. If not correctly administered, making changes to a Chinese entity after establishment can be challenging and onerous.
Indonesia has stipulated significant changes to fixed-term employment contracts, outsourcing, hours of work, and the termination of employment procedure. The regulation also obligates employers to pay compensation to employees if their fixed-term contracts are being extended.
Banking is one of the first decisions that will determine how investors choose to remit their profits to their parent companies. Understanding which kind of banking account to operate is crucial for investors doing business in Vietnam.
Malaysia is home to five investment corridors (a type of special economic zone), which offer their own distinct investment roadmaps. These corridors shift focus away from already developed regions and redirect investments into less-developed rural areas.
Despite its potential, India has been perceived as a complex country by investors. Several factors are influential in this opinion: bureaucratic restrictions, land acquisition delays, contract enforcement, inconsistent policies, complex tax structures, and complicated labor compliance. This is about to change
Foreign investors keen to tap into value addition opportunities in India’s food processing industry should note that the government has approved a production-linked incentive scheme targeting the industry. The scheme will increase the capacity of India’s domestic food processing ecosystem, boost Indian exports, and build-up the brand image of Indian food products in foreign markets.
Xinjiang dominates global supply chains for cotton and apparel sourcing, which poses an immediate challenge for companies that cannot afford to shift cost-competitive sourcing contracts. We look at sourcing destinations in South Asia, namely, India, Pakistan, and Bangladesh.
Doing Business in China 2021 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in January 2021, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.
This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) and includes a guide to corporate establishment, tax advisory, and bookkeeping, in addition to HR and payroll, double tax agreements, and audit and compliance.
Doing Business in India 2021 is designed to introduce the fundamentals of investing in India. Compiled by the professionals at Dezan Shira & Associates in January 2021, this comprehensive guide is ideal not only for businesses looking to enter the Indian market, but also for companies who already have a presence here and want to keep up to date with the most recent and relevant policy changes.
Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. With its team of lawyers, tax experts, auditors and consultants, it is Dezan Shira´s mission to guide investors through Asia´s complex regulatory environment and assist with all aspects of establishing, maintaining and growing business operations in the region.
This 142 page guide is a unique study into where investment opportunities are arriving within China’s Belt & Road Initiative. As infrastructure builds are completed, investment potential increases. This book discusses the complete free trade, tax, and legal aspects of the BRI as well as detailing potential pitfalls. It provides country and continental case studies...
An Introduction to Doing Business in Hong Kong 2021 is designed to introduce the fundamentals of investing in Hong Kong. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Hong Kong market, but also for companies that already have a presence here...
In this issue of the ASEAN Briefing magazine, we provide an overview of Indonesia’s digital economy, its vibrant startup scene, and how investors can utilize Singapore as a base for expansion into the country. We then analyze Indonesia’s new laws for digital tax and the process for foreign companies to stay compliant. Finally, we focus...
Since the formulation of the GBA Initiative in 2017, business communities have placed high expectation on the coordinated development among GBA cities, as the removal of barriers that limit the movement of trade, capital, information, and people—coupled with targeted government policies—will allow various industries to flourish. In this issue of China Briefing magazine, we demonstrate...
India’s audit regulations require businesses to comply with various types of audits, governed under different laws. Since the commencement of the Goods and Services Tax (GST) law in 2017, businesses and entrepreneurs in India are also required to conduct GST audit each year. In this issue of India Briefing, we provide readers with an overview...
This 64 page publication is designed to introduce the fundamentals of foreign investment into Russia, and includes a market overview, details of trademark registrations and IP, corporate establishment, tax advisory and compliance, a guide to Russia's Double Tax Treaty Agreements, a directory of free trade zones, applicable tax incentives, together with bookkeeping, accounting, payroll, recommended...
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