Regulatory Updates

• Personal Income Tax Finalization for Expats
  Expatriate employees leaving the country must finalize their personal income tax requirements within 45 days after the termination of their work contracts in Vietnam according to Circular 60/2007/TT-BTC. Continue reading →
• New Tax Code Proposes Investment-Linked Incentives
  The Direct Taxes Code (DTC) Bill is suggesting that profit-linked incentives can be replaced with investment-linked incentives for businesses that currently enjoy tax cuts. Continue reading →
• Guangxi Clarifies Tax Management on Major Construction Projects
  The Guangxi provincial tax bureau released a notice on Aug. 27 clarifying tax management on major construction projects, effective from October 1, 2010. Continue reading →
• Vietnam to Set Up Tax Agency for Large Businesses
  Vietnam has established the Large Enterprise Tax Management Department to specifically cater to the tax issues and payment needs of major corporations. Continue reading →
• Approved Direct Tax Code Bill Cuts Rates
  India’s Cabinet approved the Direct Taxes Code Bill yesterday, part of the government’s efforts to simplify procedures and cut taxes. Continue reading →
• SAT Clarifies Treatment of Land Appreciation Tax on Transfer of Certain Infrastructure
  The State Administration of Taxation issued a tax circular late last month affirming that the transfer of certain infrastructure constructed on a piece of land is subject to land appreciation tax. Continue reading →

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