Our collection of resources based on what we have learned on the ground

Resources

Q&A

What does the Foreign Exchange Management Act regulate in India?

What does the Foreign Exchange Management Act regulate in India?

The Foreign Exchange Management Act (FEMA) regulates foreign exchange into and out of India. In accordance with this act, foreign exchange must be reported at two stages: Upon receipt of share application money from the non-resident parent company...

Q&A

How should a foreign-owned subsidiary bring money to India for expenses in its e...

How should a foreign-owned subsidiary bring money to India for expenses in its e...

Money should be brought to India through normal banking channels either as share capital or against service invoices. Many new entrants bring petty cash from outside India and use that cash for expenses in the subsidiary company. However, this violat...

Q&A

How should Corporate Income Tax be calculated in India?

How should Corporate Income Tax be calculated in India?

Corporate Income Tax is charged at 30 percent of a company’s profits. If the tax payable on the total income of the company is less than 18.5 percent of book profits , then the total income of the company shall be deemed to be equal to the book...

Q&A

Business Transition in China

Business Transition in China

This presentation was made by Angela Ma, a senior associate of DSA.

Q&A

Are there any restrictions for remitting foreign currency abroad from Chinese op...

Are there any restrictions for remitting foreign currency abroad from Chinese op...

In case of remittances with an amount higher than USD 30,000 to be sent abroad, banks will request a tax clearance certificate to obtain approval from the State Administration of Foreign Exchange, the department responsible for foreign exchange trans...

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