News Across Asia

Amendments to IAS 12: Temporary Relief for Accounting Deferred Taxes under OECD Pillar Two Rules

Recent amendments to IAS 12 offer temporary relief to MNEs from the accounting requirements for deferred taxes arising from the implementation of the OECD's Pillar Two. Companies can immediately benefit from the temporary exception, while specific disclosures to investors are required for annual reporting periods starting on or after January 1, 2023.

Understanding Liquefied Natural Gas in Vietnam

Liquefied Natural Gas (LNG) is at the center of Vietnam's PDP8. With this in mind here’s a short overview of how the industry is developing in Vietnam.

Understanding China’s Rapidly Growing Healthcare Market

China’s healthcare industry is experiencing rapid growth, driven by rising incomes, increasing health awareness, and an aging population. It presents a broad range of opportunities for businesses and investors looking to provide innovative and high-quality products and services.

The Arab-China Business Conference: US$10 Billion JV Agreements Signed

Pakistan Taking Its IMF Medicine, 2023/24 GDP Growth Rates Forecast At 3.5%

Understanding Social Insurance in Singapore

We discuss the Central Provident Fund (CPF) and the Retirement Sum Topping-Up (RSTU) scheme - key components of Singapore's social insurance.

EU-Vietnam Food Processing M&As: The Time is Ripe

Vietnam’s food processing industry is ripe with opportunities for EU investors. Here's why and where those opportunities are.

IASB Allows Temporary Exception to Reporting Requirements for Deferred Taxes Related to BEPS 2.0

The IASB has amended the IFRS accounting standards to allow a temporary exception to reporting requirements for deferred taxes under the Pillar 2 model rules.

How to Open a Corporate Bank Account in Singapore?

We discuss the requirements to open a corporate bank account in Singapore, including the necessary documents, and procedures, and note the country's prominent banking institutions.

India-Vietnam Trade: How West Bengal Plays a Key Role

We discuss how India-Vietnam trade can be boosted by capitalizing on West Bengal's advantageous position, connectivity, and industries.

Foreign Owners Of UAE Property: Pay Tax, Or Become Resident

India Increases Tax Exemption Limit on Leave Encashment for Private Sector Employees

India has increased the tax exemption limit on leave encashment for employees in non-government sectors to INR 2.5 million. It will retrospectively apply from April 1, 2023.