News Across Asia

India To Abolish Mandatory Annual GST Audit Requirement

The government has proposed changes to India's GST audit regime in the Finance Bill, 2021 to ease the compliance burden for businesses and expand the tax base.

Singapore to Reduce Foreign Worker Quota for Manufacturing Sector

Singapore's foreign worker quota will be reduced for the manufacturing sector from 20 percent to 15 percent by January 2023.

Preparing for Annual Tax Reconciliation in China in 2021: FAQs

We answer some frequent queries regarding the annual tax reconciliation preparation in 2021 in China and offer professional insights into best practices.

India Signs Free Trade Agreement with Mauritius, First with an African Country

The India-Mauritius free trade agreement will facilitate preferential market access for 615 tariff lines for Mauritius and 310 tariff lines for India.

Why it is Essential for Technology to Power Your Company’s Accounting

Technology-powered tools are increasingly empowering business accounting processes as finance and accounting technology is no longer a costly investment.

Individual Income Tax Amendments in Malaysia for 2021

Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.

UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement

Apple Seeks More Incentives to Expand India Facilities, New PLI Schemes in the Works

Apple is reportedly seeking greater incentives from India to expand its production facilities as the federal government is rumored to be working on multiple new PLI schemes.

Vietnam’s Chu Lai Port – A Key Transit Hub in Central Vietnam

Located in Quang Nam province, Chu Lai port is expected to become a major transit hub for local and international trade in Central Vietnam.

China Tightens Control Over Management of Rare Earths

China is tightening its scrutiny and control of the entire chain management of rare earths, from local mining related activities to import/exports.

Q&A: Automobiles in EVFTA: How Can Foreign Investors Qualify For Preferential Tariffs?

In this Q&A with Do Thanh Huyen, we look at how foreign investors can qualify for preferential tariffs using the EVFTA in the automobile industry.

Singapore’s Resilience Package: Support for Businesses and Jobs in 2021

Singapore’s government issued the COVID-19 Resilience Package as part of its 2021 national budget announcement on February 16, 2020.