China, India Among Top 5 M&A Destinations
Oct. 30 – This week, consulting firm Ernst & Young (EY) released its latest bi-annual mergers and acquisitions (M&A) report, which cited China as one of the world’s top five destinations for M&A activity alongside India, Brazil, the United States and Canada. The report also further provided an optimistic outlook for China and India, with […]
Setting up a Representative Office in China
By Eunice Ku Oct. 29 – When a foreign company decides to try and sell to the Chinese market, there are several options – working through an agency or distributor, or registering a representative office (RO). Whereas an agent or distributor may have limited loyalty or little interest in end-user satisfaction, an RO is an […]
Mehr Rechte für Zeitarbeiter
Nun hat der chinesische Gesetzgeber neue Vorschriften eingeführt; Anfang Juli traten sie in Kraft. Lediglich vorübergehende und Hilfspositionen sind demnach mit Springern zu besetzen, bei Verstoß drohen heftige Strafen.
Bangladesh-China-India-Myanmar Economic Corridor Builds Steam
A renewed emphasis on regional cooperation was among the key issues discussed this week during Indian PM Singh’s visit to China. Both sides agreed to further dialogues on the Bangladesh-China-India-Myanmar Economic Corridor, a strategic economic partnership proposed by the long-standing BCIM Forum.
Introduction to Personal Income Tax in Vietnam
Oct. 25 – Vietnam’s National Assembly issued the Law on Personal Income Tax (PIT) on November 21, 2007, which came into effect on January 1, 2009. The law applies to individuals earning income, including individuals doing business who were previously included under corporate income tax. According to the PIT Law, PIT is levied on the […]
China and India Agree on Border Dispute Protocol
Bangladesh & Myanmar trade corridor between China & India also discussed Oct. 24 – China and India have agreed that in the event of any conflict along the Line of Actual Control (LAC) they will not revert to using force or threats, and will actively seek to prevent any form of armed conflict or unnecessary […]
EU’s Updated GSP to Impact Asian Exporters and Manufacturers
Oct. 24 – The European Union (EU), accounting for 20 percent of global imports and exports, plays a massive role in Asia’s markets. EU-India trade, for example, grew from €28.6 billion in 2003 to €79.9 billion in 2011. Furthermore, ASEAN as a whole represents the EU’s largest trading partner after the U.S. and China, with […]
Value-added Tax in Vietnam: Filing, Payment and Refund
Oct. 17 – Pursuant to the prevailing regulation on Vietnamese tax management, the taxpayer must submit monthly valued-added tax (VAT) returns and settle tax payments on or before the 20th day of the following month in localities where they conduct production or business. Furthermore, in specific situations, business establishments that pay VAT according to the […]
Asian Development Bank Predicts Asia Energy Future
Oct. 16 – In its study of the energy outlook for the Asian region, the Asian Development Bank (ADB) created two possible future scenarios: business as usual (BAU) or the more positive “alternative case.” Specifically, the BAU case “reflects the impact of existing policies and current technology levels on future energy demand and energy choice, […]
Visa Application and Registration in India
Oct. 16 – When applying for a long-term visa in India, there are a number of procedures and legal frameworks that must be understood. In this article, we discuss the documents necessary for a foreigner to work in India. Visa Application India provides two kinds of work-related visas: a business visa, also called a B […]