Business updates and special topic events, specially curated to for global foreign investors in Asia

February 15, 2024

15 February 2024	View in Browser

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

ASIA EDITION


TOP STORIES THIS WEEK:


China Issues Rules on Transition Period for Complying with New Registered Capital Rules

Companies established before the new company law comes into effect will have three years to adapt to new rules on registered capital in China.


Vietnam’s 2024 Land Law: Significant Amendments and Key Changes

Vietnam’s amended Land Law of 2024 brings significant changes to land valuation, rent payments, land use terms, and dispute resolution mechanisms in the country.


India’s New Tax Compliance Law Impacting MSMEs: Section 43B(h) Explained

Starting from Assessment Year 2024-25, companies with outstanding bills to MSME units could face higher tax liabilities per new income tax regulations.


Navigating Personal Data Protection in Indonesia

The PDP Law has extra-territorial scope and covers the personal data of any Indonesian outside the jurisdiction of the Republic of Indonesia.


Taxation of Foreign Sourced Income in Thailand Begins in 2024

Thai taxpayers who derive assessable income from employment or business overseas, or from property located abroad, must pay tax on that income after bringing such assessable income to Thailand.


UAE, India Sign Pacts on Investment Treaty, Linking Digital Payments, IMEEC

On February 13, UAE and India signed a bilateral investment treaty and multiple MoUs in the field of regional connectivity, energy, fintech, culture, power trade, and digital infrastructure.

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NEW PUBLICATIONS FOR COMPLIMENTARY DOWNLOAD:


PIPL 2023/24: Cross-Border Data Transfer in China Handbook

China’s PIPL and cross-border data transfer (CBDT) frameworks require that companies operating in country take appropriate actions to ensure their compliance. Businesses that send data overseas or access data in China...


Prospects for Electric Battery Production in Indonesia

In this issue of the ASEAN Briefing magazine, we provide an overview of Indonesia’s EV battery industry before exploring the various incentives offered by the government. Finally, we discuss the type of business entity foreign...


Vietnam Market Entry Strategy for Foreign F&B Companies

In this edition of Vietnam Briefing Magazine, we delve into the dynamic F&B sector in Vietnam. We provide insights into the essentials of establishing an F&B enterprise in the country, discuss the regulations pertaining to...


UPCOMING EVENTS FOR ASIA:


India’s Manufacturing Landscape in 2024: Key Sectors, Challenges, Competitiveness, and Schemes

Wednesday, March 13, 2024 \| 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time


Indonesia's Electric Vehicle Supply Chain Industry: Opportunities and Incentives for Global Investors

Webinar \| Wednesday, March 6, 2024 \| 3:00 PM Jakarta / 4:00 PM China / 9:00 AM CET


Singapore Blockchain Festival and Traders Fair 2024

Trade Show \| Saturday, March 2, 2024 \| Marina Bay Sands Singapore, Expo and Convention Centre

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