News Across Asia - Page 391

ASEAN Briefing

Philippines and Brunei Sign Double Tax Avoidance Treaty

08/16/2021

The Philippines and Brunei have signed a double taxation avoidance treaty that will eliminate double taxation on the income generated from cross-border transactions.

China Briefing

GBA IIT Subsidy in Shenzhen: Updated Application Rules and Deadline

08/16/2021

Shenzhen opens its application channel from August 16, 2021, to September 30, 2021, for the GBA IIT subsidy for overseas talents. Successful applicants can lower their income tax rate to 15 percent.

China Briefing

Will Foreigners be Subject to China Social Insurance in Shanghai?

08/14/2021

According to online speculation, foreign employees in Shanghai could be required to contribute to China’s social insurance scheme starting from August 2021.

India Briefing

GST Compliance Requirements, Offenses, and Penalties under India’s GST Regime

08/13/2021

We list the GST compliance requirements under the CGST Act, 2017, steps to ease the burden on taxpayers, and penalty provisions for non-compliance.

ASEAN Briefing

US – Vietnam Reach Agreement on Currency, No Tariffs Imposed

08/13/2021

Vietnam reached an agreement with the US regarding its practices on currency, marking an end to the dispute, and for Vietnam no threat of tariffs.

Vietnam Briefing

Advance Pricing Agreements in Vietnam: Circular 45

08/13/2021

Vietnam’s Circular 45 sets new rules on the Advance Pricing Agreement (APA) mechanism in Vietnam. Circular 45 came into effect on August 3, 2021.

China Briefing

China Removes Didi from App Stores: What We Learned from the Case and China’s Cybersecurity Regime

08/13/2021

The ride-hailing giant Didi Global Inc. is subject to a Chinese regulatory probe after its US IPO, offering lessons for cybersecurity compliance in China.

China Briefing

Investing in Zhongshan: Economic Data, Major Industries, and Incentives

08/13/2021

Zhongshan City in China's southern Greater Bay Area is set to become a hyper-connected investment base from which to tap into the region's vibrant markets.

ASEAN Briefing

Indonesia’s Batam Receives Two New Special Economic Zones

08/12/2021

Indonesia is set to open two new special economic zones in the island city of Batam with the aim to develop the digital economy, data centers, logistics, tourism, and aviation industries.

China Briefing

What is BEPS 2.0? OECD’s Two-Pillar Plan and Possible Impact on Multinational Enterprises

08/11/2021

We look at China's position on the consensus around the BEPS 2.0 framework to ensure a fairer distribution of global tax rights.

Vietnam Briefing

Vietnam’s Entry Procedures for Foreign Employees amid the Pandemic

08/11/2021

While Vietnam's borders remain closed, it has allowed business professionals, skilled workers, and students to enter the country with special entry permits.

ASEAN Briefing

Circular 45 Sets Out New Rules on Advance Pricing Agreements in Vietnam

08/10/2021

Vietnam’s Circular 45 sets the new rules on the Advance Pricing Agreements (APA) mechanism in Vietnam. Circular 45 entered into force on August 3, 2021.