News Across Asia - Page 110

Middle East Briefing

UAE Announces Domestic Minimum Top-up Tax from January 1, 2025

12/10/2024

The UAE Ministry of Finance has announced pivotal amendments to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, including the introduction of the domestic minimum top-up tax (DMTT) and proposed tax incentives to boost R&D and create high-value employment.

China Briefing

New Guide for Cross-Border Personal Data Transfers in the GBA: A Roadmap for Compliance and Security

12/09/2024

The Technical Committee for Information Security Technology (TC260) has released a new guide to standardize cross-border personal data transfers between the Chinese Mainland and Hong Kong within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This guide introduces enhanced security standards and mutual recognition mechanisms, aiming to facilitate smoother data flows while ensuring robust protection of personal information.

India Briefing

India’s Electronics Manufacturing: Tackling Challenges, Seizing Opportunities

12/09/2024

India's electronics manufacturing sector is evolving, fueled by government initiatives, rising domestic demand, and a focus on self-reliance.

Vietnam Briefing

Vietnam’s Top Investors and FDI Beneficiaries – January to November 2024

12/09/2024

Vietnam’s top investors in 2024 (January-November) were Singapore with US$9.14 billion, followed by South Korea, China, Hong Kong, and Japan, dominating 77 percent of total investments.

China Briefing

US-China Relations in the Biden Era: A Timeline

12/09/2024

Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.

Middle East Briefing

Kuwait Proposes 15% CIT in 2025 Amid Phased Tax Reform

12/09/2024

The draft Business Profits Tax Law introduces major changes to the corporate income tax regime in Kuwait. MNCs should note compliance rules.

Middle East Briefing

Saudi Arabia Takes Steps Towards Environmental Sustainability: COP16 and National Green Initiatives

12/09/2024

Saudi Arabia offers numerous business and commercial opportunities for foreign investors, especially as the Kingdom undergoes a transformative shift towards sustainability, diversification, and modernization.

ASEAN Briefing

Thailand and the UK's Enhanced Trade Partnership: An Overview

12/06/2024

Explore the Thailand-UK Enhanced Trade Partnership, covering key sectors and opportunities for bilateral economic collaboration.

India Briefing

Modernizing India's Maritime Economy: 2 Bills Tabled in Parliament

12/06/2024

Two new bills were proposed during the winter session of the Indian Parliament, aiming to enhance the country's global maritime competitiveness and boost domestic waterway trade.

China Briefing

China Monthly Tax Brief: November 2024

12/06/2024

In this monthly China tax brief for November 2024, we spotlight policies and measures just announced or scheduled for implementation.

Middle East Briefing

Global Billionaire Wealth Surges, with UAE Emerging as a Top Destination for Wealth Transfer

12/06/2024

The UAE’s attractive legal structures, healthcare, and education systems have played a crucial role in this trend, drawing billionaires from across the globe.

India Briefing

Quick Commerce Market in India and Key Players

12/05/2024

Quick commerce is transforming India's e-commerce sector with ultra-fast delivery of high-demand items like groceries and personal care products. The market is projected to reach US$5 billion by 2025 and US$9.94 billion by 2029, according to estimates.