The UAE’s 2025 amendments to the Commercial Companies Law enhance flexibility for onshore companies by introducing redomiciliation with continuity of legal personality, expanded constitutional rights, multiple share classes, and clearer in-kind contribution rules.
China’s updated VAT threshold introduces new monthly, quarterly, and per‑transaction rules under the 2026 VAT Law. These changes affect VAT liability, invoicing, and compliance obligations for FIEs.
India’s Budget 2026-27 introduces a 2 percent safe harbor for bonded component warehousing and a five-year tax exemption for non-resident suppliers, offering transfer pricing certainty and strengthening India’s role in global manufacturing supply chains.
The White House has revised its February 2026 factsheet on the interim India-US trade framework, softening procurement language from “committed” to “intends” regarding over US$500 billion in US goods.
The Indian state of Uttar Pradesh has overhauled its Shops and Commercial Establishments Act, expanding statewide applicability and modernizing employer compliance. The latest updates include threshold-based coverage, digital registration, revised working hours, and stronger enforcement for businesses operating in the state.
The Madhya Pradesh Shops & Establishment Act, Second Amendment, enacted on December 15, 2025, brings digital registration, online inspections, real-time updates, and simplified compliance for employers operating in the state.
China has released the 2026 Guidelines for the Security of Cross Border Transfer of Vehicle Data, offering industry-specific clarity on data export compliance requirements.
India has extended the application window for the Textile PLI Scheme to March 31, 2026. Businesses in the textile sector should act quickly to secure incentives for scaling production and strengthening export competitiveness.