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China Briefing
China Monthly Tax Brief: March 2024
04/02/2024In this monthly China tax brief, we spotlight policies and measures announced or scheduled for implementation in March 2024. These initiatives target to increase market access, attract foreign investment, support technology innovation, and clarify tax compliance.
India Briefing
India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions
04/02/2024India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.
Middle East Briefing
UAE Corporate Tax Registration via Government Service Centers
04/02/2024The UAE Federal Tax Authority will enable taxpayers subject to Corporate Tax to submit registration requests at 23 Government Service Centres across the Emirates.
Middle East Briefing
UAE Federal Tax Authority Upgrades Three Key Services
04/02/2024The UAE Federal Tax Authority has streamlined actions to expedite service delivery and enhance customer satisfaction under the Government Service 2.0 Framework.
Middle East Briefing
Deadlines for Registering for UAE Corporate Tax - What Businesses Need to Know
04/02/2024The UAE’s Federal Tax Authority has issued a new Decision specifying the timeframes for businesses to register for corporate tax in 2024.
China Briefing
China Expands Market Access in Cross-Border Services with Release of New Negative Lists
04/01/2024The negative lists provide clarity and relax restrictions on overseas companies selling services to China, laying the groundwork for future market access expansion.
India Briefing
Tax Rules in India in Effect from April 1, 2024
04/01/2024FY 2024-25 begins April 1, 2024 and brings in no new changes to the tax rules in India per the federal government. We roundup the direct tax rules applicable for AY 2024-25 and certain Finance Act 2024 amendments to the indirect tax regime.
ASEAN Briefing
Exploring Indonesia's Personal Data Processing Practices: A Comprehensive Overview
03/31/2024Under Indonesia's PDP Law, personal data processing activities must be conducted in a specific, legally valid, and transparent manner.
China Briefing
China Lifts Tariffs on Australian Wine Imports, Amid Improving Trade Ties
03/29/2024China announced the lifting of the tariffs imposed on Australia wine imports, marking a significant turning point in China-Australia trade relations after years of tension. We look at the significance and implications of this decision.
Vietnam Briefing
Domestic EV Major VinFast Gets Ambitious with New India Factory
03/29/2024Homegrown auto major, VinFast, is establishing a factory in southern India to manufacture electric vehicles, targeting the India, South Asian, Middle East, and African markets. It is testament to Vietnam's rapidly advancing electric vehicle ecosystem and capacity for domestic innovation.
China Briefing
China Unveils New Guidelines on Optimized Payment Services for Foreigners: An Overview
03/29/2024To optimize payment experiences for foreign visitors and businesses in China, the People’s Bank of China has recently released a set of guidelines detailing the payment methods currently accessible to foreign nationals across the mainland.
India Briefing
Outlook for the Flexible Workspace Sector in India
03/28/2024Flexible workspace and co-working offices are seeing steady growth across Tier 1 and Tier 2 cities in India propelled by enterprise demand. We discuss the market outlook for this real estate segment in 2024 and 2025.