Software production benefits include preferential tax rates and exemptions, while high-tech enterprises can access broader incentives like tax holidays and financial support under Decree 13.
India's FDI surged 47.8% to US$16.17 billion in Q1 of FY24-25, driven by increased inflows in services, telecom, computers, & pharmaceuticals. Maharashtra was the top recipient state during this period, with Karnataka a far second.
Swedish furniture giant Ikea has said that it is advancing its sustainability efforts in India and plans to achieve 100 percent electric delivery vehicles by 2025 across the country.
In our Asia Transfer Pricing Brief for Q2 2024, we present the latest updates and new guidelines on transfer pricing from Malaysia, Singapore, and the OECD.
French retail giant Carrefour has teamed up with Dubai-based Apparel Group to launch its operations in India by 2025. Founded in Dubai in 1996, the Apparel Group operates in both the retail clothing and food and beverage (F&B) sectors.
The UAE's new telemarketing regulations emphasize consumer protection and ethical business practices, requiring companies to adhere to strict guidelines and penalties to ensure transparency and respect for consumer privacy.
Bahrain announced a domestic minimum top-up tax for large multinational enterprises, effective January 1, 2025, aligning with OECD guidelines to promote fairness in international taxation.
The Beijing FTZ has released its first data negative list outlining the types of data that must undergo export compliance procedures, providing much-needed clarity for companies.
The Vietnam Tourism Property Association (VnTPA) is promoting investments in recently approved airports, seaports, roads, and other key infrastructure projects across Vietnam. We spotlight nine such projects across Quang Nam and Phu Yen provinces.