News Across Asia - Page 157

China Briefing

Hong Kong’s New Patent Box Regime: A 5% Tax Concession for Qualified IP Income

07/29/2024

The patent box tax concession in Hong Kong was enacted on July 5, 2024. Taxpayers who meet specific requirements can be charged profits tax at the concessionary rate of 5 percent instead of the normal profits tax rate of 16.5 percent.

India Briefing

Old vs New Income Tax Regime in India: How to Choose the Right Tax Option

07/29/2024

We discuss the old and new income tax regimes and the changes announced in the Union Budget 2024-25 to assist taxpayers in making an informed choice.

Middle East Briefing

Intellectual Property Regulations in the UAE

07/29/2024

For business owners and entrepreneurs in the UAE, understanding the country's intellectual property rights regime is essential for protecting their creations and business secrets, thereby securing their unique offerings and maintaining a competitive edge.

ASEAN Briefing

Singapore's Growing Investments in Vietnam: Key Sectors

07/27/2024

Singapore's investments in Vietnam boost key sectors like manufacturing, real estate, and energy.

ASEAN Briefing

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

07/26/2024

The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.

China Briefing

China Announces Several Measures to Facilitate Hotel Accommodation for Overseas Personnel

07/26/2024

New measures in China aim to simplify access to hotel accommodations for overseas travelers by removing barriers and enhancing services.

Vietnam Briefing

US Commerce Department Delays Decision on Vietnam's Market Economy Status Due to IT Disruptions

07/26/2024

The US Commerce Department has delayed its decision on upgrading Vietnam to market economy status to August 2 due to IT disruptions caused by CrowdStrike software issues.

Vietnam Briefing

Vietnam Labor Market Report for H1 2024

07/26/2024

The Vietnam labor market showed positive trends in H1 2024, with increased employment opportunities and salary growth. Additionally, the proportion of Vietnamese workers holding degrees or certificates rose to 28.1 percent in the second quarter of 2024.

ASEAN Briefing

Indonesia Strengthens Pharma Sector with Novo Nordisk Partnership

07/25/2024

Novo Nordisk’s partnership with Bio Farma underscores Indonesia’s expanding role in biopharmaceuticals and local insulin production.

China Briefing

China’s Third Plenum – Key Takeaways for Foreign Investors

07/25/2024

The Third Plenum vowed to implement myriad reform policies by 2029 to grow the economy, improve the private sector, boost foreign investment, reform the tax regime, and more.

India Briefing

India to Consider Easing Rules for FDI and Overseas Investments

07/25/2024

India's Department for Promotion of Industry and Internal Trade (DPIIT) will establish strict timelines for various government agencies and departments to expedite the clearance of foreign direct investment (FDI) proposals in prioritized sectors.

Middle East Briefing

Red Sea Security Concerns Hit Suez Canal Earnings

07/25/2024

Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea.