Published on - March 6, 2012
A protocol to facilitate the exchange of tax information within the existing double taxation agreement (DTA) between Singapore and Estonia, signed on February 3, 2011, will enter into force on March 30, 2012. Continue readingPublished on - March 6, 2012
The UK and Singapore have signed a second protocol to their existing Double Taxation Agreement (DTA), amending withholding tax rates. Continue readingPublished on - March 6, 2012
Singapore’s Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivered the 2012 budget address to Parliament on February 17, 2012, in which he presented a series of tax changes, some of which are highlighted below: Continue readingPublished on - September 9, 2011
A circular issued by the Ministry of Finance last month clarified details of the extension of 2010 corporate income tax payment for small and medium enterprises. Continue readingPublished on - September 5, 2011
On August 4, 2011, Vietnam’s Ministry of Finance promulgated Circular No.113/2011/TT-BTC amending and supplementing the guidance of the PIT Law mentioned in the Circular No.62/2009/TT-BTC dated March 27, 2009, Circular No.02/2010/TT-BTC dated January 11, 2010, and Circular No.12/2011/TT-BTC dated January 26, 2011. Continue readingPublished on - September 5, 2011
Hong Kong has recently introduced a new aspect to its well-regarded arbitration laws, and has enacted the new Arbitration Ordinance, which came into effect on June 1, 2011. This legislation, based on the widely-used United Nations Commission on International Trade Law (UNCITRAL, or the Model Law), further underlines Hong Kong’s pro-arbitration stance and is an important tool when dealing with cross border cases that affect mainland China partners. Continue readingPublished on - September 5, 2011
In order to promote the robust development of the country’s logistics industry, China’s State Council issued new guidelines (guobanfa [2011] No.38) on August 19 offering fiscal and administrative incentives to logistics enterprises. Continue readingPublished on - September 5, 2011
Foreign investors, including investors from Hong Kong, Macau and Taiwan, will likely be able to conduct foreign direct investment (FDI) in China with the local Chinese currency (RMB) they legally obtained overseas. With regards to related issues, China’s Ministry of Commerce has just released a draft of the circular on Monday for public opinions. Continue readingPublished on - September 5, 2011
China has released new regulations to formalize its security check system for inward merger and acquisition (M&A) transactions. The new law will make it relatively difficult for foreign investors to avoid security reviews, even though many investors tend to merge with or acquire Chinese companies through ways such as establishing variable interest entities or trust companies. Continue readingPublished on - August 15, 2011
India’s Economic advisory council has released its outlook for the year 2011-12. Some vital points are given below: Continue reading
