News Across Asia

China Extends the Preferential Tax Treatment for Annual One-Time Bonus to the End of 2027

China will extend preferential tax treatment for the annual one-time bonus until the end of 2027; it was set to expire by the end of 2023. We answer FAQs.

UAE - Russia: 2023-24 Trade and Investment Dynamics

China Annual (One-Off) Bonus: What is the Income Tax Policy Change?

We explain the preferential income tax treatment on annual bonus for some tax residents in China (including expatriate staff) - now extended to end of 2027.

Chandrayaan-3: India's Moon Landing Spotlights Space Sector Advancements

India's successful soft moon landing on August 23 via the Chandrayaan-3 mission showcases its impressive space technology capabilities. The country's space sector is currently witnessing a surge in private sector involvement, particularly by space-tech start-ups. FDI and tax regulations are also welcoming.

Closing Your China Bank Accounts During Company Deregistration: New Instructions and Tips

We will delve into the recent directives disseminated to Chinese banks by the central authority, the People's Bank of China (PBoC), outlining the stipulations pertinent to the company deregistration procedure.

Investing in Indonesia’s Nongsa Special Economic Zone

Indonesia's Nongsa Special Economic Zone, located on Batam Island, offers a variety of opportunities for foreign investors.

What is a Transfer Pricing Review and Why Do Firms in Vietnam Need It?

A transfer pricing review provides details on the Vietnam firm's transactions with associated enterprises and compliance with OECD norms.

Indonesia New Tax Regime for Benefits-in-Kind

Indonesia’s Ministry of Finance issued Regulation 66 of 2023 (MOF 66/2023) to govern the tax treatment of benefits-in-kind.

A Brief Guide to Hong Kong Company Audits

We provide an overview of Hong Kong audit requirements for companies, including yearly statutory audits and audits for tax filing.

The UAE’s Trade and Investment Dynamics with the BRICS

Ho Chi Minh City in 2023: A City Ready for Greater Foreign Investment

Vietnam Briefing profiles Ho Chi Minh City—a booming metropolis in the heart of Southeast Asia.

Laos Enhancing Cross Border Railway Connectivity with Malaysia, China

Malaysia and Laos aim to enhance cross-railway cooperation to improve trade through a Memorandum of Collaboration.