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Monthly Archives: April 2011
China Revises Foreign Investment Catalog
Following the principles in the State Council document “Opinions on Further Improving the Work of Utilizing Foreign Investment,” China’s National Development and Reform Commission (NDRC) has recently added a number of changes to the “Foreign Investment Catalog.” The proposed changes are now open to public comment until the end of April. Continue reading
Producers in China Now Require Goods Production Certificate
According to a new announcement by the State Administration of Taxation (SAT) any taxpayer that sells its own products and provides construction services needs to provide a goods production certificate in order to avoid double taxation by the state and local tax authorities. Continue reading
Newer, Faster Approval Procedure for Businesses Underway
India will soon have a system in place that will simplify the process of approval for business projects, according to a government official. It will not only encourage investors to invest in India but also young entrepreneurs to start up their own businesses. Continue reading
New Decree Detailing Telecom Law of Vietnam
Decree No.25/2011/ND-CP of the government which was issued on April 6, 2011 provides enterprises, including domestic and foreign owned ones, some new regulations in the lucrative field of telecom. Continue reading
Shenzhen to Raise Fuel Surcharge for Red Taxis
Effective from April 23, 2011, the fuel surcharge for red Shenzhen Taxis was raised from RMB 2 to RMB 3 per ride, making Shenzhen the city with the most expensive fuel surcharge in the country. Continue reading
Ausländische Wirtschaftsprüfungsgesellschaften (CPAs) benötigen zur Durchführung temporärer Wirtschaftsprüfung Lizenz von Chinas Finanzministerium (MoF)
25. April – Ausländische Wirtschaftsprüfungsgesellschaften (CPAs), welche von ausländischen Auftraggebern mit der Durchführung einer temporären Wirtschaftsprüfung auf dem chinesischen Festland beauftragt wurden, müssen sich um eine Zulassung für derartige Tätigkeiten bei der Finanzabteilung der jeweiligen Provinz bemühen. „Die vorläufigen Bestimmungen für ausländische CPAs, die temporäre Wirtschaftsprüfungen … Continue reading
SAT’s New IIT Collection Measures to Focus on Foreigners
The State Administration of Taxation (SAT) has recently announced measures to intensify the regulations on individual income tax (IIT) levied on high-income individuals who may obtain their incomes from more than one avenue.
Chinas Staatliche Steuerbehörde (SAT) veröffentlicht Klarstellung zur Zahlung der Einkommensteuer nicht-ansässiger Unternehmen
18. April – Chinas Staatliche Steuerbehörde (SAT) hat die „Bekanntmachung über verschiedene Fragen zur Verwaltung der Einkommensteuer (Enterprise Income Tax; EIT) nicht-ansässiger Unternehmen (SAT Announcement [2011] Nr. 24)“ am 28. März 2011 veröffentlicht. Das Schreiben stellt die Steuerpflicht für aus China abgeleitetes Einkommen von nicht-ansässigen Unternehmen klar. Ein solches aus China abgeleitetes … Continue reading
India Allows 100% FDI in Several Key Sectors
India’s Department of Industrial Policy and Promotion has released the “Consolidated FDI Policy – Circular 1 of 2011,” that will allow 100 percent FDI in the development and production of seeds and planting material, floriculture, horticulture, and cultivation of vegetables and mushrooms under controlled conditions. Continue reading
Changes on Pricing of Convertible Instruments
Companies are now free to lay down a formula to transform convertible instruments (like debentures, partly paid shares, preferential shares and the like) into equity in accordance with the guidelines of FEMA and SEBI. Continue reading
