News Across Asia

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.

Vietnam’s Baby Formula Market: Key Considerations for Foreign Brands and Exporters

Vietnam's baby formula market is experiencing remarkable growth, backed by compelling consumer evidence. We discuss the Vietnam market in this F&B segment and the country's importing procedures.

China Extends the Preferential Tax Treatment for Annual One-Time Bonus to the End of 2027

China will extend preferential tax treatment for the annual one-time bonus until the end of 2027; it was set to expire by the end of 2023. We answer FAQs.

UAE - Russia: 2023-24 Trade and Investment Dynamics

China Annual (One-Off) Bonus: What is the Income Tax Policy Change?

We explain the preferential income tax treatment on annual bonus for some tax residents in China (including expatriate staff) - now extended to end of 2027.

Chandrayaan-3: India's Moon Landing Spotlights Space Sector Advancements

India's successful soft moon landing on August 23 via the Chandrayaan-3 mission showcases its impressive space technology capabilities. The country's space sector is currently witnessing a surge in private sector involvement, particularly by space-tech start-ups. FDI and tax regulations are also welcoming.

Closing Your China Bank Accounts During Company Deregistration: New Instructions and Tips

We will delve into the recent directives disseminated to Chinese banks by the central authority, the People's Bank of China (PBoC), outlining the stipulations pertinent to the company deregistration procedure.

Investing in Indonesia’s Nongsa Special Economic Zone

Indonesia's Nongsa Special Economic Zone, located on Batam Island, offers a variety of opportunities for foreign investors.

What is a Transfer Pricing Review and Why Do Firms in Vietnam Need It?

A transfer pricing review provides details on the Vietnam firm's transactions with associated enterprises and compliance with OECD norms.

Indonesia New Tax Regime for Benefits-in-Kind

Indonesia’s Ministry of Finance issued Regulation 66 of 2023 (MOF 66/2023) to govern the tax treatment of benefits-in-kind.