The Annual Employer’s Return filing in Hong Kong begins on the first working day of April and should be completed within one month. Employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline.
When an individual or organization in China makes a single outbound payment to overseas entities that exceeds the equivalent of US$50,000, the payer must complete tax filing for outbound payments with the local branch of the STA, with limited exceptions.
In this monthly China tax brief, we spotlight policies and measures announced or scheduled for implementation in February 2024. These initiatives aim to clarify tax compliance, support businesses, promote headquarters, expand market access, and attract talent.
The 2024-25 Hong Kong Budget introduces new tax arrangements to raise public funds and extends support policies for companies and individuals.
Under new rules on foreign-sourced income exemption, MNEs that don't meet certain substance requirements may be taxed on some types of income derived overseas.
Annual IIT reconciliation for the year 2023 is ongoing. Starting from March 21, taxpayers can make the final tax settlement directly without requiring a prior appointment.
China Monthly Tax Brief: January 2024
Preparing for the Year of the Dragon: HR Strategies and Travel Trends During Chinese New Year 2024
VAT Refund for Hiring Disabled Employees: An Explainer
Asia Transfer Pricing Brief: Q4 2023
At the maiden international conference organised by the NFRA, its chairman, Ajay Bhushan Pandey, has expressed strong intentions to inculcate a framework identical to an innovation lab to promote technological advancement in the auditing industry.
In a list of Cabinet Decisions taken by the Mauritius government on February 23, 2024, it was announced that its DTAA with India would be amended in keeping with BEPS norms.
India Briefing explores the latest amendments introduced in the Finance Act 2024 such as the definition and procedures concerning the Input Service Distributor (ISD) concept under the Goods and Services Tax (GST) regime.
We discuss why specified companies could face higher taxable incomes under section 43B(h) of the Income-tax Act, 1961, due to delayed payments to MSME suppliers.
The early release of the updated ITR forms from the Income Tax Department of India aim to enhance user experience and ensure taxpayer awareness. The changes are based on amendments to the Income-tax Act, 1961, as detailed in the Finance Act, 2023.
Accelerated depreciation is a crucial driver of investments in the adoption of solar power in India, offering commercial and industrial consumers faster depreciation on solar power plant investments than traditional plants and machinery.
Interim Budget Rounds Up Key Tax Reforms, Makes Case for Modi Re-Election
India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation
Leveraging Section 80EEB: Tax Benefits for Businesses on Electric Vehicle Loans
India’s Concessional Tax Regime for Manufacturing Sector Approaches Sunset Date: Industry View
'Corporate Tax Planning for Businesses in Vietnam in 2024' explains key incentives available, reporting requirements, and preparation for Vietnam's Global Minimum Tax regulations under the BEPS 2.0 Framework.
Compliance with CIT and PIT finalization regulations is crucial for companies and individuals in Vietnam. We discuss reporting requirements and relevant deadlines.
Foreign e-commerce firms selling goods or services in Vietnam are now required to pay foreign contractor tax. Here's what foreign firms should know about this latest development.
In the first week of the new year there were a handful of changes to taxes in Vietnam that foreign firms may need to be aware of. Here’s what they are.
Vietnam’s Ministry of Planning and Investment has released a draft decree outlining an Investment Support Fund to counter the impacts of the Global Minimum Tax. Here are the details.
In a busy week at Vietnam’s National Assembly, a VAT tax reduction has been approved alongside a top-up tax in response to the OECD Global Minimum Tax initiative. Here’s the details.
Completing an Effective Stock Take in Vietnam
Bookkeeping for Tax Compliance Purposes in Vietnam
An Overview of Vietnam’s Environmental Protection Tax
Vietnam’s Natural Resource Tax 2023
Tax, Accounting, and Audit in Vietnam 2023 – the Latest Guide from Dezan Shira & Associates
Incorporated companies in Singapore must file an Estimated Chargeable Income (ECI) for each year of financial assessment.
Indonesia’s Ministry of Finance issued new tax incentives to spur electric vehicle production and sales in the country.
Changes to several taxes in Vietnam have taken effect in 2024. Some of these changes have been made to provide economic stimulus, whereas others have been made to bring Vietnam’s tax policies in line with international tax regimes.
Instruction No. Paw 161/2566 states that Thai taxpayers who derive assessable income from abroad must pay tax on that income after bringing such income to Thailand.
As of January 1, 2024, Malaysia has imposed a new 10 percent sales tax on the import of low-value goods sold online in the country.
Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers.
Singapore Increases Goods and Services Tax for 2024
Cambodia and France Engage in Double Tax Avoidance Agreement Talks
Laos Raises Immediate Excise Tax Rates on Specific Products
Indonesia and Australia Sign MoU to Boost EV Collaboration
Malaysia's New Transfer Pricing & APA Rules