News Across Asia - Page 372

China Briefing

China Raises Pre-Tax Additional Deductions for R&D Expenses of Manufacturing Firms

04/15/2021

China has increased the ratio of additional deduction on manufacturing firms’ R&D expenses from 75 percent to 100 percent.

ASEAN Briefing

Changes to Social Security Rates in Indonesia for 2021

04/15/2021

Indonesia has increased its social security premiums for Class III participants but has reduced the maximum wage base for pensions for 2021.

India Briefing

GST Applicability on Job Work in India

04/15/2021

We explain how India's GST regime benefits manufacturers/suppliers and job workers, what are the rules of compliance, and how the tax incidence is assessed.

ASEAN Briefing

Singapore Faces Succession Setback, but Should be Business as Usual

04/14/2021

On April 8, 2021, Deputy Prime Minister Heng Swee Keat announced that he will step aside as the successor to Prime Minister Lee Hsien Loong.

Vietnam Briefing

Vietnam’s Nghe An Province – Investment Hub of the North Central Coast

04/14/2021

Located on Vietnam's North Central Coast, Nghe An province has the potential to become an investment hub not only in Vietnam but in Southeast Asia.

ASEAN Briefing

Indonesia’s Omnibus Law: Significant Changes for Contract Workers

04/13/2021

Indonesia’s GR 35/2021 stipulates significant changes to fixed-term employment contracts, outsourcing, hours of work, and the termination of employment procedure.

China Briefing

Belt and Road Weekly Investor Intelligence, #24

04/13/2021

In this week's edition, we look at the complexities of the Afghanistan peace process and various regional developments affecting the future of Central Asia.

China Briefing

China’s Tax and Fee Cuts Extended or Released After 2021 Two Sessions

04/13/2021

China has extended a package of expired or to-be-expired preferential tax and fee policies as well as rolled out new structural tax and fee cut measures.

India Briefing

India's Pharmaceutical Industry – Foreign Investment Opportunities, Incentives

04/13/2021

India's pharmaceutical industry offers massive investment opportunities in contract manufacturing, R&D, and biotech – besides market access.

ASEAN Briefing

Vietnam Unveils New Criteria for Hi-tech Enterprises: Decision 10

04/12/2021

The government issued Decision No. 10/2021/QD-TTg which details criteria for identifying hi-tech businesses.

China Briefing

Key IT Considerations and Solutions for Your Back Office Automation in China - Part 1

04/12/2021

We discuss major considerations when planning back office automation in China, such as managing local information resource gaps and operational stability.

India Briefing

India’s New Labor Codes: A Brief Note for Foreign Investors

04/12/2021

Businesses will find that the new codes will make it easier for them to manage labor compliance and implement flexible staffing practices.