News Across Asia - Page 2

Vietnam Briefing

Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of 2026

06/19/2025

The Vietnam government has agreed to extend the 2 percent VAT reduction on specific goods and services till the end of 2026.

India Briefing

Karnataka Notifies Peenya as Special Investment Region to Boost Industrial Growth

06/19/2025

On June 11, 2025, Karnataka designated Bengaluru’s Peenya Industrial Area as its 18th Special Investment Region (SIR), authorizing KIADB to lead governance, infrastructure upgrades, and investment promotion in a major MSME hub.

ASEAN Briefing

Corporate Recovery and Liquidation in Vietnam: A Guide for Foreign Investors

06/19/2025

Foreign companies in Vietnam must follow specific legal steps for recovery, insolvency, or voluntary dissolution.

Middle East Briefing

Irish Food and Drink Exports Thrive in the MENA Region

06/19/2025

Irish food and drink exports to the MENA region hit EUR€546.9 million in 2024, driven by key markets like the UAE and Saudi Arabia.

Vietnam Briefing

Vietnam Passes First-Ever Law on Digital Technology Industry

06/19/2025

Vietnam becomes the first country to pass a dedicated law on the digital technology industry. The new law introduces tax incentives, defines digital assets and AI regulation, and sets an ambitious goal to build 150,000 digital tech firms by 2035.

Vietnam Briefing

Vietnam’s Special Investment Procedure: Implementation and Implications for Foreign Investors

06/18/2025

Vietnam has implemented Decree 19/2025/ND-CP to expedite approvals for investment projects. This decree establishes a streamlined investment licensing process aimed at attracting high-quality capital, particularly in high-tech industries.

ASEAN Briefing

Hiring Local vs. Foreign Talent in Malaysia: Payroll and Compliance Implications

06/18/2025

Compare local and foreign hiring in Malaysia, including payroll, salary rules, work permits, levies, taxes, and compliance obligations.

ASEAN Briefing

Unlocking Solar Energy Investment Opportunities in Indonesia’s Batam

06/18/2025

Batam offers strong solar investment potential through utility-scale projects, manufacturing capacity, and regional energy export links. Batam offers strong solar investment potential through utility-scale projects, manufacturing capacity, and regional energy export links.

China Briefing

Breaking Down the US-China Trade Tariffs: What’s in Effect Now?

06/18/2025

The current landscape of US-China tariff rates is complex, with multiple overlapping trade measures in effect. This article explains which tariffs apply in 2025 and how they intersect.

China Briefing

Transfer Pricing Documentation in China: Common Pitfalls and Best Practices

06/18/2025

With completion deadlines approaching, this article identifies common mistakes in preparing local files and special issue files and offers guidance to ensure compliance.

China Briefing

China Transfer Pricing Documentation Deadline: Prepare Local File and Special Issue File by June 30

06/18/2025

As the June 30 deadline approaches, companies in China must ensure they have prepared the required local file and special issue file for 2024 related party transactions.

Middle East Briefing

UAE Investment Procedure, Requirements for Foreign Investors

06/18/2025

Foreign investors can secure 100 percent UAE ownership by following a 16-step Basherenabled licensing path, satisfying AED capital rules, and enjoying a 0–9 percent corporate tax ceiling.