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News Across Asia

ASEAN Briefing

Apple’s US$1 Billion Bet on Indonesia: Local Compliance and Market Growth

12/10/2024

Apple’s US$1 billion investment aims to meet Indonesia’s local content rules, lifting the iPhone 16 ban and boosting market growth in Southeast Asia.

Middle East Briefing

UAE Announces Domestic Minimum Top-up Tax from January 1, 2025

12/10/2024

The UAE Ministry of Finance has announced pivotal amendments to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, including the introduction of the domestic minimum top-up tax (DMTT) and proposed tax incentives to boost R&D and create high-value employment.

China Briefing

New Guide for Cross-Border Personal Data Transfers in the GBA: A Roadmap for Compliance and Security

12/09/2024

The Technical Committee for Information Security Technology (TC260) has released a new guide to standardize cross-border personal data transfers between the Chinese Mainland and Hong Kong within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This guide introduces enhanced security standards and mutual recognition mechanisms, aiming to facilitate smoother data flows while ensuring robust protection of personal information.

India Briefing

India’s Electronics Manufacturing: Tackling Challenges, Seizing Opportunities

12/09/2024

India's electronics manufacturing sector is evolving, fueled by government initiatives, rising domestic demand, and a focus on self-reliance.

Vietnam Briefing

Vietnam’s Top Investors and FDI Beneficiaries – January to November 2024

12/09/2024

Vietnam’s top investors in 2024 (January-November) were Singapore with US$9.14 billion, followed by South Korea, China, Hong Kong, and Japan, dominating 77 percent of total investments.

China Briefing

US-China Relations in the Biden Era: A Timeline

12/09/2024

Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.

Middle East Briefing

Kuwait Proposes 15% CIT in 2025 Amid Phased Tax Reform

12/09/2024

The draft Business Profits Tax Law introduces major changes to the corporate income tax regime in Kuwait. MNCs should note compliance rules.

Middle East Briefing

Saudi Arabia Takes Steps Towards Environmental Sustainability: COP16 and National Green Initiatives

12/09/2024

Saudi Arabia offers numerous business and commercial opportunities for foreign investors, especially as the Kingdom undergoes a transformative shift towards sustainability, diversification, and modernization.

Middle East Briefing

Israel’s Osek Za’ir: A Simplified Tax System for Small Businesses

12/09/2024

The Osek Za’ir tax system promises to save time, reduce costs, and provide small business owners in Israel with much-needed financial relief.

ASEAN Briefing

Thailand and the UK's Enhanced Trade Partnership: An Overview

12/06/2024

Explore the Thailand-UK Enhanced Trade Partnership, covering key sectors and opportunities for bilateral economic collaboration.

India Briefing

Modernizing India's Maritime Economy: 2 Bills Tabled in Parliament

12/06/2024

Two new bills were proposed during the winter session of the Indian Parliament, aiming to enhance the country's global maritime competitiveness and boost domestic waterway trade.

China Briefing

China Monthly Tax Brief: November 2024

12/06/2024

In this monthly China tax brief for November 2024, we spotlight policies and measures just announced or scheduled for implementation.

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