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The International Monetary Fund (IMF) has lent its full support to Bangladesh’s new system of value-added tax (VAT). Following an IMF mission led by Rodrigo Cubero to the country, the IMF said that the tax will help boost revenue and reduce compliance costs for businesses.

India is keen to restart ferry services with Sri Lanka and will be discussing this when Prime Minister Modi visits the island nation on March 13-14 as part of his visit to Sri Lanka, the Seychelles and Mauritius.

Asian shipping centers continue to go from strength to strength. In the second of our two-part article on Asian investment in Europe’s shipping sector, we look at how these centers have developed and discuss important shipping routes in the Asia-Pacific region.

Vor kurzem hat Singapurs Steuerbehörde (Inland Revenue Authority of Singapore – IRAS) überarbeitete Richtlinien für Verrechnungspreise veröffentlicht, um ein besseres Verständnis davon zu vermitteln, wie die IRAS bei Verrechnungspreisangelegenheiten vorgeht. Diese Richtlinien verlangen vom Steuerzahler, dass aktuelle Verrechnungspreisdokumentation erstellt und verwaltet werden muss. Außerdem legen sie für Transaktionen mit einem nahestehenden Unternehmen Schwellenwerte fest, die durch eine […]

Sri Lanka found itself in the faintly odd position of being feted by two superpowers last week, as new Sri Lankan Foreign Minister Mangala Samaraweera met with Chinese Foreign Minister Wang Yi in Beijing. Not surprisingly, the visit does not sit especially well with India, just an hour away from Sri Lanka’s west coast.

The European shipping sector is confident that the Asian market will remain a reliable lifeline. In the first of this two-part article on the opportunities and threats to Europe’s reliance on the Asian shipping sector, we take a look at the general trends in the industry and intra-Asian trade.

Hong Kong’s Advanced Pricing Program allows companies to get clarification from the tax authorities on whether a transaction is considered transfer pricing. These agreements become possible once Hong Kong has a DTA with the country or countries in question.

China and Vietnam are two of Asia’s most appealing destinations for outsourcing. Here, we discuss how ‘indirect’ and ‘direct’ sourcing platforms function in both and discuss some of the HR and compliance issues that foreign companies should be aware of.

The Philippines has overtaken India as the largest hub for call centers in the world with more than one million Filipinos working in call centers and the related Business Process Outsourcing (BPO) industry as of August 2014

DELHI – Das durchschnittliche Gehalt in Indien wird 2015 nur geringfügig ansteigen, sollte man zwei kürzlich veröffentlichten Studien zu den Einkommenstrends in Asien Glauben schenken. Towers Watson berichtet im Salary Budget Planning Report, dass das durchschnittliche indische Gehalt einen Anstieg von 3,5 % erleben wird, während der Bericht von Mercer von 3,7 % ausgeht. Die […]