News Across Asia

E-Invoicing in China: Fully Digitalized E-Fapiao Program Expanded Nationwide

As of December 1, 2023, the pilot fully digitalized e-fapiao program has rolled out nationwide, with Tibet the last region being added to the scope of issuance.

New Version of Foreign Permanent Resident ID Card to be Issued in China Starting December 1, 2023

China's National Immigration Administration unveiled an upgraded Foreign Permanent Resident ID Card, effective from December 1, 2023, with design improvements and enhanced functionality. We explain the key changes in the new Foreign Permanent Resident ID Card and benefits for applicants.

Beijing’s New Plan to Boost the Service Industry and Attract Foreign Investment

A new plan to boost the Beijing service sector seeks to expand market access for foreign companies and enhance the city's business environment.

Laos Raises Immediate Excise Tax Rates on Specific Products

Laos has introduced a new decree introducing strategic excise tax adjustments on various products.

Tax Update: Global Minimum Tax, VAT Tax Reduction Confirmed for 2024

In a busy week at Vietnam’s National Assembly, a VAT tax reduction has been approved alongside a top-up tax in response to the OECD Global Minimum Tax initiative. Here’s the details.

Türkiye’s Trade With The GCC: 2023/24 Status and Prospects

Navigating ESIC and Provident Fund Registration for Companies in India

We outline the mandatory registration timelines and procedures for Indian companies under ESIC and Provident Fund schemes.

Traveling to China After Reopening - What’s Changed?

We offer the latest advice on traveling to China since the lifting of COVID-19 restrictions, from visas to testing to travel precautions.

UAE Releases New 500 Dirham Banknote

Due Diligence Procedures for Real Estate M&A in Vietnam

Vietnam is becoming an increasingly attractive destination for mergers and acquisitions (M&As), and the country’s real estate sector is a major contributor to this trend. Here’s what firms should know about due diligence in real estate M&As.

Understanding China’s New-Type Industrialization: An Explainer

We discuss why China's new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.

Status of India’s Advanced Pricing Agreement Program: 95 APAs Signed in FY23 Offering Tax Certainty

The Advanced Pricing Agreements address complex transfer pricing issues, mitigating the need for litigation and align with India's objective of enhancing the ease of doing business.