News Across Asia

Vietnam News in Brief: Weekly Roundup August 11

US President to visit Vietnam 'shortly', minimum wage talks begin, and the World Bank sees GDP growth of 4.7 percent for Vietnam in 2023, in this week's Vietnam News in Brief.

German Firms and Chinese Cash: Dependence or Delusion?

In this op-ed, Simon Laube examines the assertion that corporate Germany is dependent on Chinese profits, demonstrating that extrapolating broad conclusions from individual cases does not provide the full picture.

China Monthly Tax Brief: July 2023

In our China Monthly Tax Brief for July 2023, we discuss the extension of some noteworthy preferential tax policies and treatment till the end of 2027.

Proposed Regulatory Framework for Single Family Offices in Singapore

The Monetary Authority of Singapore is proposing a regulatory framework for single-family that would allow it to enhance its defense against money laundering in the SFO industry.

Equalization Levy Compliance Framework for Non-Resident E-Commerce Operators in India

In keeping with BEPS provisions, India has in place an equalization levy since 2016, which was amended in the Finance Act 2020. We discuss how this digital tax mechanism impacts non-resident e-commerce operators in India.

Chris Devonshire-Ellis - Sputnik Interview Concerning China's Increasing Gold Reserves and the Implications

China’s Electric Vehicle Supply Chain and Its Future Prospects

We discuss the investment prospects in China’s electric vehicle supply chain—across upstream, midstream, and downstream stages of production—amid government incentives, technology advancements, and fierce competition for cost-efficiency and market access.

Dubai Free Trade Zone Reports 24% Increase In Chinese Investors

Vietnam’s New FDI in July Tops US$2.8 Billion

FDI continues to grow in Vietnam. Here’s where it’s coming from and where it’s going to.

Employee Management in China: The Trinity of Labor Contract, Social Security, and Individual Income Tax

We discuss the 'trinity concept' used by China authorities to monitor employee management compliance by companies, especially in Tier-1 cities. The trinity refers to the labor contract, social security contributions, and income tax.

India’s New E-commerce Tax Regulations for Composition Taxpayers and Unregistered Individuals

India’s indirect tax regulator CBIC has introduced new rules of e-commerce taxation, which affect composition taxpayers and unregistered individuals supplying goods.

Vietnam Keen to Ensure Small Production Facilities Meet Environmental Standards

HCMC has taken steps to support small production facilities in relocating to safer locations due to the potential hazards they pose within residential areas. Here's what that might mean for foreign firms.