News Across Asia

Leveraging Section 80EEB: Tax Benefits for Businesses on Electric Vehicle Loans

India has in place tax incentives for businesses and individuals taking loans to buy electric vehicles. We discuss the relevant provisions under Section 80EEB of the Income Tax Act, 1961.

Singapore and Malaysia Plan Joint Special Economic Zone in Johor State

Singapore and Malaysia are partnering to create a special economic zone in Malaysia's Johor state, adjacent to the Singaporean border.

The Scope for Foreign Investment in India’s Green Growth Challenge

We discuss how India's efforts to develop its green economy and overcome key sustainability development challenges offer foreign companies various profitable business opportunities.

Tax Transformation: Indonesia Introduces New Income Tax Regulations

Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers.

Navigating Contract Management in China: Key Insights from the Judicial Interpretation on Contract in the Civil Code

We discuss the Judicial Interpretation of the Contract Part, and explain key considerations for enterprises in China in the realm of contract management practices.

India-UAE Business Summit Held at 2024 Vibrant Gujarat Global Investor Conclave

China‘s GDP Expanded by 5.2% in 2023: NBS

China's gross domestic product expanded by 5.2 percent in 2023 while the population decreased 2.08 million as compared to last year.

India’s Concessional Tax Regime for Manufacturing Sector Approaches Sunset Date: Industry View

India's manufacturing sector seeks an extension of incentives from the government, including prolonging the duration of the 15% concessional tax scheme.

Vietnam Labor Federation Proposes Cut to Weekly Working Hours

The Vietnam Labor Federation has proposed reducing the maximum number of working hours in Vietnam to under 48 hours a week. Here are the details.

Malaysia's Semiconductor Sector Beckons Foreign Investors

Malaysia wants to develop its semiconductor industry beyond assembly and testing into more value-added production such as integrated circuit design.

China Extends Unilateral Visa-Free Policy to Switzerland, Announces FTA Upgrade

China announced unilateral visa-free access for Swiss citizens and the initiation of an FTA upgrade, highlighting strengthened diplomatic ties and economic collaboration between the two nations amid geopolitical complexities.

GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs

On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA).