News Across Asia

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.

Boosting Share Market Liquidity: Decreased Stamp Duty on Bursa Malaysia Trades

Malaysia has reduced the stamp duty rate for shares traded on Bursa Malaysia from 0.15 percent to 0.1 percent.

Dubai Q1 GDP Growth Beats Global Averages: Results By Industry Sectors

India’s Chemical Industry Expected to Reach US$304 Billion by 2025

India's chemical industry ranks sixth globally and third in Asia, and contributes 7% to the national GDP. We discuss sector prospects for foreign stakeholders.

Vietnam’s National Energy Master Plan: Key Takeaways

The Vietnamese government has approved the National Energy Master Plan (NEMP) for the 2021-2030 period, with a vision to 2050. Here are the key takeaways.