Featured News
Stay on top of the latest business news from across Asia. Here we bring you a selection of the latest articles on economic, regulatory, tax, HR, and payroll developments published on our respective regional platforms.
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China Briefing
China Updated Certificate of Tax Residency Rules: Key Changes Effective April 2025
China has updated the Certificate of Tax Residency rules, effective April 1, 2025. The changes introduce a fully digital application process, reduce processing time, and expand the certificate’s scope for tax treaty benefits and verification.
China Manufacturing Tracker: 2024-25
Our tracker provides continuous updates on key economic and growth indicators in China’s manufacturing industry. The data for January and February 2025 has now been updated partially.
US-China Relations in the Biden Era: A Timeline
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
China’s Labor Law: Trends to Watch in 2025
This article provides a review of China’s major labour law developments in 2024 and an outlook on what to expect in 2025.
India Briefing
India to End Equalisation Levy on Digital Ads by April 1, 2025
India will remove the 6 percent digital tax, effective April 1, 2025, reducing costs for US tech giants and aligning with global tax norms to strengthen trade ties.
India’s Union Budget 2025-26 Highlights: Reforms to Drive Economic Growth, Manufacturing, Consumption
India's Union Budget for 2025-26 introduces key revisions to taxation policies, along with provisions targeting focus industries and MSMEs. The overarching goal is to further simplify business regulations, stimulate middle-class consumption, and promote innovation.
Equalization Levy Compliance Framework for Non-Resident E-Commerce Operators in India
In keeping with BEPS provisions, India has in place an equalization levy since 2016, which was amended in the Finance Act 2020. We discuss how this digital tax mechanism impacts non-resident e-commerce operators in India.
India-US Trade Relations Under Trump’s Tariffs
US President Donald J. Trump's recent announcement on the implementation of "reciprocal tariffs," set to take effect on April 2, 2025, marks a significant shift in the trade dynamics between India and the US.
Vietnam Briefing
Opportunities Amid Tariff Risks: Vietnam Aims for Trade Balance with the US
US President Donald Trump has announced that he will reveal his government’s tariff scheme on April 2, referring to it as a potential “Liberation Day” for the US economy. As this date approaches, the Vietnamese government is expediting its initiatives to strike a more balanced trade with the U.S.
Related Party Transactions in Vietnam: Key Provisions Under Decree 20
Stay compliant with Vietnam’s latest regulations on related party transactions. Explore key provisions of Decree 20 and its impact on transfer pricing, disclosure requirements, and tax compliance.
Vietnam's Economic Zones: A Practical Guide for Investors
We discuss the unique advantages of Vietnam's Economic Zones (EZs), highlighting their appeal to foreign investors drawn by incentives, advanced industrial infrastructure, and logistics connectivity.
2025 Vietnam Public Holidays Calendar
In 2025, workers in Vietnam are set to benefit from extended public holiday periods compared to the 2024 schedule. Businesses must plan in advance.
ASEAN Briefing
Laos' Hydropower Sector: Opportunities for Foreign Investors
Laos aims to become a regional leader in hydropower, attracting foreign investment through large-scale projects and energy exports.
Religious Holiday Allowances in Indonesia: Obligations for Businesses
With the upcoming Eid-al Fitr holiday in Indonesia, businesses must pay the religious holiday allowance, also known as Tunjangan Hari Raya (THR).
Understanding Malaysia's Foreign Worker Policies: A Guide for Foreign Investors
Learn about Malaysia's foreign worker policies, hiring process, visa types, and compliance rules to ensure smooth business operations.
Singapore’s Medical Tourism Industry: Growth, Opportunities, and Future Trends
Singapore’s medical tourism industry offers world-class healthcare, cutting-edge technology, and growing investment opportunities.