News Across Asia

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.

Vietnam's Cybersecurity Administrative Action Draft Decree

The third draft of Vietnam's Cybersecurity Administrative Action Decree (CASD), set to take effect on December 1, 2023, brings forth crucial regulatory changes in the realms of cybersecurity and data protection. Here are the details.

Investing in Indonesia: The 2023 Mid-Year Investment Report

In this H1 2023 Indonesia investment report, we discuss the performance of standout sectors and highlight areas ripe for foreign capital infusion, business development, and trade expansion.

Investment Outlook for India’s Startup Ecosystem in 2023

We explore India's startup investment trends during the funding winter since H2 2022 and the government's definitions of these enterprises.

Exporting from Vietnam to the USA: When You Need a Local Presence

Planning to export from Vietnam to the US? This article outlines how it works and when you should think about establishing a local presence.

Shenzhen Extends Application Deadline for 2021/2022 IIT Subsidy to October 20

Shenzhen has extended the individual income tax (IIT) subsidy application deadline for foreign and in-demand talent to October 20, 2023, from September 30.

Unified Gulf Cooperation Council Visas To Be Implemented Soon

Import Relief for IT Hardware Companies as India Encourages Local Production

Major IT hardware companies have held talks with the Indian government, leading to a postponement of import curbs. Instead, the focus is now on promoting local production alongside a new import management system.

India Introduces Final Angel Tax Rules for Overseas Investments in Startups

India has finalized its rules for taxing overseas investments in startups in the country—commonly called the 'angel tax' provision. We discuss the valuation process for startup investors under the amended Rule 11UA.