No Winners in the Solar Trade War between China, the U.S. and EU
Opinion Commentary: Yao Lu Dec. 20 – The U.S. International Trade Commission (USITC) issued a final ruling on November 7 stating that the U.S. solar industry was “materially hurt” by cheap crystalline silicon photovoltaic cells imported from China, thus allowing Washington to impose an anti-dumping duty ranging from 18.32 percent to 249.96 percent and an […]
Minimum Wages in Vietnam to Increase from January 2013
Dec. 13 – The Vietnamese government recently released Decree 103/2012/ND-CP, which stipulates the new regional minimum wages for employees working for all types of enterprises. This will replace the prior Decree 70/2011/ND-CP, which has been in effect since August 2011. These minimum wages will form the basis from which enterprises and employees will agree on […]
Setting Up Chinese Domestic Companies as a Foreigner: It’s a Huge Risk
Op-Ed Commentary: Chris Devonshire-Ellis Dec. 12 – One of the prevailing issues concerning corporate establishment in China is still that of small consultants suggesting setting up a local Chinese company as a vehicle for a foreigner to get started in China. By a domestic Chinese company we refer not to a FICE, WFOE, or any […]
Subbaiah: Mahindra World City a New World Class FDI Destination in Jaipur
Dec. 9 – Within India’s dynamic business environment, the creation of new town centers requires not only sufficient road and rail networks, but should also include proper planning and policy making, the insertion of stakeholders, and the leveraging of available strengths. Mahindra World City (MWC) in Jaipur is one such concept promoted by one of […]
China Labor Force Issues: Hepatitis B Virus and Infectious Diseases
By Chet Scheltema and Hazel Wang of Dezan Shira & Associates Dec. 7 – Chinese government policy and legal guidelines for handling infectious diseases among the workforce have recently undergone major revisions and are now relatively straightforward and unambiguous. Those diseases serious enough to require isolation and quarantine are clearly identified, and any employee suspected […]
Corporate Tax Rates in India
Dec. 13 – In this article, we outline some of the key tax responsibilities for both foreign and domestic companies operating in India with regards to the following areas: Corporate Income Tax Value-Added Tax Goods and Service Tax Withholding Tax
New Issue of China Briefing: The Asia Tax Comparator
Dec. 1 – The new issue of China Briefing Magazine, titled The Asia Tax Comparator, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of December. This month’s issue also offers our new 2013 Asia Tax Guide as a complimentary supplement, providing an […]
Vietnam’s Key Compliance Requirements
Nov. 29 – There are a number of legally-mandated requirements with which FIEs in Vietnam must comply, failure of which will jeopardize the ability of the FIE to continue operating in Vietnam. These procedures and requirements may be different from what the FIEs are accustomed to in their home countries. Investors should therefore be sure […]
Vietnam Introduces New Visa Application Fees and Procedures
Nov. 28 – The Vietnamese government has relaxed previous visa application requirements whereby foreigners had to apply at Vietnamese embassies and consulates in their country of origin to obtain single or multiple-entry visas. Now, Vietnam has outsourced the process to a number of select companies who can quickly process visa applications online.
China’s Transfer Pricing Obligations
Nov. 21 – Transfer pricing concerns the prices charged between associated enterprises established in different tax jurisdictions for their inter-company transactions. Relevant prices are those for services, intangible property and financing activities. The transfer pricing regime in China is generally consistent with the OECD guidelines and has developed rapidly over the past few years. A […]