News Across Asia - Page 97

ASEAN Briefing

Tax Implications for 13th Month Pay and Christmas Bonuses in the Philippines

12/18/2024

Learn how 13th Month Pay and Christmas bonuses are taxed in the Philippines. This guide covers the tax-exempt threshold, calculation examples, and practical tips for employees and employers.

India Briefing

India’s SEBI Tightens Rules, Reporting Norms for Foreign Portfolio Investors

12/18/2024

India's SEBI has introduced a framework that limits foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as their underlying assets with the goal of improving transparency and preventing market manipulation.

China Briefing

China’s Economy in November 2024: Mixed Signals amid Persistent Challenges

12/18/2024

China's economy showed mixed performance in November 2024, with industrial production and exports showing resilience, while retail sales and fixed asset investment underperformed, amid ongoing challenges.

Vietnam Briefing

Overtime Regulations and Compensation in Vietnam

12/18/2024

Understand current regulations on working hours, circumstances when overtime is triggered, and compensation for a variety of overtime working hours in Vietnam.

Middle East Briefing

An Introduction to Doing Business in the UAE 2025 - New Publication Out Now

12/18/2024

An Introduction to Doing Business in the UAE 2025 is your definitive resource for understanding and succeeding in one of the world’s most vibrant business environments.

Middle East Briefing

Qatarisation Law No. 12/2024: Implications for Qatar’s Construction Sector and Private Enterprises

12/18/2024

Qatar’s new Qatarisation Law No. 12/2024, effective from April 2025, will necessitate strategic adjustments to recruitment, training, and compliance frameworks for private sector firms.

India Briefing

Switzerland to Suspend MFN Clause for India under DTAA from January 1, 2025

12/17/2024

Switzerland has announced its suspension of the Most Favored Nation (MFN) status for India under their DTAA over differing interpretations on their tax treaty provisions. Starting January 1, 2025, dividend payments from Swiss entities to Indian investors will be taxed at 10 percent, up from 5 percent.

India Briefing

India-Serbia Bilateral Trade and Business Ties: A 2024 Report

12/17/2024

India and Serbia are strengthening their bilateral relationship through enhanced trade and investment cooperation, aiming for €1 billion in trade by 2030 and fostering collaboration across key sectors like defense, IT, and agriculture.

India Briefing

Bilateral Relations Between India and Bosnia & Herzegovina

12/17/2024

India and Bosnia & Herzegovina have maintained friendly ties since 1995, focusing on economic, technological, and cultural collaboration, with recent progress.

China Briefing

China Upgrades 144-Hour Visa-Free Transit to 10-Day Stay, Adds 21 Ports

12/17/2024

China expands visa-free transit policy from December 17, 2024, allowing eligible foreign travelers to stay up to 240 hours (10 days). The update also adds 21 ports, bringing the total to 60 across 24 provinces.

Middle East Briefing

Egypt's Tax Reforms: Boosting Business Confidence and Export Growth

12/17/2024

Egypt's tax reforms and export incentives aim to boost business confidence, encourage the private sector, attract investments, achieve higher localization in industries, and drive overall economic growth.

Middle East Briefing

UAE’s New National Investment Strategy 2031: Key Sector Prospects

12/17/2024

The UAE unveiled its National Investment Strategy 2031 in early November, setting ambitious targets to double FDI to US$354 billion by 2031. The strategy opens foreign investment prospects among emerging sectors, renewables and technology, infrastructure, manufacturing advancement, and building a world-class business environment.