News Across Asia

China’s IIT Special Additional Deductions: An Explainer

China has implemented special additional deductions under the new IIT Law since 2019, and now it decided to raise the deduction standards on expenses for raising and educating kid and supporting elderly.

Shifting Attitudes and Expectations for Work in China's Post-Pandemic Era

We discuss how companies can navigate changes in the Chinese work culture and employee expectations in the aftermath of COVID-19.

Singapore PM Visits Hanoi for Trade and Investment Talks

Singapore’s Prime Minister stopped by Hanoi this week to discuss the ongoing and fruitful bilateral trade between the two Southeast Asian nations. Here’s a quick overview of how that trade is progressing.

Audit and Compliance in Thailand: A Guide for Foreign Investors

All companies in Thailand must prepare financial statements for their assigned accounting period to the Ministry of Commerce.

UAE Wants To Invest In BRICS New Development Bank

UK-China Trade and Investment: Analysis & 2023 Updates

Competition Law: India Introduces Draft Regulations for Commitment and Settlement Proceedings

On August 23, 2023, the Competition Commission of India (CCI) released draft rules for Commitments and Settlements under the Competition (Amendment) Act, 2023. These frameworks allow implicated companies to settle with the CCI in cases of abuse of dominance and anti-competitive agreements.

Vietnam Bolsters Regional Financial Links through Connectivity Payment Initiative

Vietnam officially joined ASEAN’s Regional Payment Connectivity initiative, which aims to enhance cross-border payment systems in the region.

Commercial Property: Office and Retail Space in Vietnam

Alongside a booming economy comes a huge demand for office and retail spaces. In this article, we look at the current state of office and retail space in Vietnam.

Saudi Arabia and Russia: The 2023 –24 Trade and Investment Dynamics

China Removes All Pre-Entry COVID-19 Testing Requirements for Inbound Travelers

China has announced the removal of all pre-entry COVID-19 testing requirements for travelers entering the country, effective August 30, 2023. The decision is hoped to boost China-bound tourism and movement of inbound foreign investment.

China Extends the GBA IIT Subsidy to the End of 2027

China has extended the Guangdong-Hong Kong-Macao GBA IIT subsidy program until December 2027. We discuss how the program works and the application process.