News Across Asia

Abu Dhabi’s Non-Oil Sector Grew 12.3% In Q2 2023

China’s Cybersecurity Regulator Moves to Ease Cross-Border Data Transfer Rules

A new set of draft regulations seeking to ease China's cross-border data transfer rules could greatly facilitate data export for foreign companies and multinationals.

Q&A: Key Points Regarding Dividends Derived by Non-Resident Enterprises in China

We list some of the most frequently asked questions that non-resident enterprises may have when obtaining dividends from China.

The UAE in BRICS: Consequences, Multilateral Trade and Prospect

Southeast Asia's Tech Boom: A Gateway for Baltic Investors

Southeast Asia's digital economy offers a wealth of opportunities for investments from Baltic countries.

Vietnam’s Food Delivery Services Sector: Opportunities and Challenges

Food delivery services have become increasingly popular in Vietnam, providing customers with the convenience of enjoying a variety of cuisines within the comfort of their homes or workplaces. Here’s an overview of the sector.

Russian Investors Developing ‘Little Moscow’ in Dubai

Important Financial Changes in India Effective October 2023: Impact on Businesses

We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.

UAE, Philippines, Sign Aviation Cooperation Agreements

India's OIDAR Taxation Shift: Key Changes Effective October 1

Starting from October 1, 2023, OIDAR services provided for non-business purposes in India will no longer be exempt from GST taxation and will be subject to an 18 percent tax.

Managing Tax Avoidance Arrangements in China: Practical Considerations for Businesses

We introduce tax avoidance arrangements as defined by Chinese tax authorities, discuss standard procedures for special tax investigations related to arrangements lacking reasonable commercial purposes, and provide practical suggestions for mitigating associated tax risks.

Digital Services in India: Tax Applicability and Compliance

In India, 18% GST tax is applicable on digital services categorized as 'OIDAR'. We explain what services are considered OIDAR and relevant GST compliance.