Ministry of Finance guidelines on personal income tax (PIT) in Circular No. 92/2015/TT-BTC came into effect on 30 July, 2015, applying to the 2015 tax period.
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, and Thailand during the second half of the month of July.
Vietnam has come first in a ranking of countries for greenfield foreign direct investment in a study carried out by Financial Times data division fDi Intelligence.
Vietnam appears to be opening up to foreign tourists by waiving visa requirements for citizens of the five EU countries France, Germany, Italy, Spain and the UK.
Vietnam may loosen tourist visa restrictions to allow visa-free entry to tourists from Australia, Canada, France, Germany, India, Italy, New Zealand, Spain, and the UK.
Squawkonomics have developed new economic metrics that would better explain the economic phenomenon encountered in Vietnam, where land in desirable locations is still available.
In this article, we go into the probation period in Chinese labor contracts. A feature that is somewhat unfamiliar to foreign investors, the probation period lets an employer pay a new employee a lower salary, and allows for a lower bar to dismissal.
China released the much-anticipated policy framework for the three new FTZs. In Part 1 of this article, we provide detailed information of the general plan of the Guangdong Free Trade Zone and discuss the lifted restrictions on foreign investment across a wide array of sectors such as tourism and financial industries.
Located on the northwest coast of Java, Jakarta is the capital of Indonesia and the largest city in the country. Strategically located in the archipelago, Jakarta serves as the gateway to the rest of the country. In this article, we the city's key industr
With China recently allowing wholly foreign invested medical institutions in the Shanghai Free Trade Zone, dentistry is one step out of the waiting room. Outside of the FTZ, however, investment remains limited to JVs. Apart from the regular set-up requirements, additional steps need to be taken as well.
We would like to update you on recent regulations on implementation of the new tax law, project investor selection and new tariff lines applied for products imported directly from Japan.
As the cost of manufacturing in China continues to rise, the search for ever-more competitive products becomes increasingly important. While higher incomes in China have an upside, the reality is that a combination of rising wages, welfare and operational costs is encouraging the Asian supply chain to move.