News Across Asia

China’s Tax Incentives to Support the Education Sector

China has issued a guidance note that summarizes the available tax incentives for businesses and enterprises in the education sector. We list these 28 tax incentives and their relevant policy basis.

Vietnam News in Brief: Weekly Roundup July 21

The US Treasury Secretary stops by, the ADB and AMRO downgrade their GDP growth forecasts, and car sales increase 15 percent in June, in this week's Vietnam News in Brief

Meeting the July 31 ITR Filing Deadline for AY 2023-24 in India: Implications for Businesses

Timely filing and verification of income tax returns (ITR) are necessary for businesses in India to effectively navigate the tax system and avoid penalties and loss of tax benefits.

Vietnam Implements Enhanced Regulations on Foreign Bank Branch Lending Activities

The State Bank of Vietnam issued Circular 06/2023 which introduces stricter control over the lending activities of foreign bank branches in Vietnam.

China’s Cosmetics and Personal Care Market: Key Trends and Business Outlook

China is now the world's second-largest cosmetics and personal care market and leads regional growth in Asia. We delve into the key drivers building up China’s beauty and personal care sector and the business scope for foreign brands.

Investing in Vietnam’s Sustainable Future: A Guide for European Companies

Being at the cutting edge of renewable energy technology and climate solutions, EU companies are uniquely positioned to benefit from Vietnam's transition to a sustainable economy. Here's how.

India Reopens PLI India Scheme for Technical Textiles and MMF Apparel and Fabric

India has reopened the PLI Scheme Textiles for Promoting MMF and Technical Textiles application window after initial setbacks and no new plants set up in the last two years. Further, more clarity is provided following the release of updated HSN Codes in June 2023 for product segments targeted by the PLI Scheme.

India-France Strategic Partnership: Horizon 2047 Roadmap, Trade, and Investment

Following PM Modi's invitation to attend France's Bastille Day celebrations amid 25 years of India-France strategic ties, the two countries agreed to a Horizon 2047 Roadmap. We discuss key thrust areas and note bilateral trade and investment trends.

UAE Plans To Double GDP To Over US$800 Billion By 2030

China H1 2023 Economic Roundup: GDP Grows 5.5% on Steady Path to Recovery

China's H1 2023 economic data shows steady recovery but slowing growth in recent months, raising discussion of stimulus in H2.

An Introduction to Doing Business in Singapore 2023 – New Publication from Dezan Shira & Associates

This Guide covers the fundamentals of investing in Singapore, including market entry, company setup, tax and audit, and HR and payroll.

Tamil Nadu State's Exports Report Card for 2022-23

In FY 2023, Tamil Nadu's electronics exports reached US$5.37 billion, triple the previous year, making it the top Indian state in this domain. Further, the state topped India's Export Preparedness Index for 2022.