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Q&A

What is withholding tax and how is it paid in Asia?

What is withholding tax and how is it paid in Asia?

Withholding tax is kept back from an employee's salary and is subsequently paid to the government to combat tax evasion. It is divided into royalties, dividends and interest in Asia, however the amount varies depending on the country.  

Q&A

How is individual income tax (IIT) calculated in Asia?

How is individual income tax (IIT) calculated in Asia?

In Asian countries individuals are taxed according their salary. Therefore those with a higher salary will have to pay higher taxes. However, rates vary in different Asian countries and could be anywhere between 17 and 45%. Exceptions of this are Br...

Q&A

What are the current sales and service tax rates in Malaysia?

What are the current sales and service tax rates in Malaysia?

In Malaysia, service tax is currently at 6% and is calculated based on the value of taxable services provided by the individual. However, on 1st April 2015 a 6% goods and services tax (GST) will replace the current sales and service tax.   

Q&A

How do China's tax treaties affect withholding tax payments for dividends, inter...

How do China's tax treaties affect withholding tax payments for dividends, inter...

If the tax rate written in the relevant treaty is higher than 10%, the tax will be fixed at 10%. If the rate specified in the treaty is lower than 10%, the amount of tax payable will be the amount specified.  

magazine

The Asia Sourcing Guide 2015

The Asia Sourcing Guide 2015

In this issue of Asia Briefing, we explain how and why the Asian sourcing market is changing, compare wage overheads, and look at where certain types of products are being manufactured and exported. We discuss the impact of ASEAN’s Free Trade Ag...

Q&A

What is the significance of ASEAN?s Free Trade Agreements with China and India?

What is the significance of ASEAN?s Free Trade Agreements with China and India?

The Free Trade Agreements (FTAs) between these countries have removed import/export tariffs on 90 percent of all manufactured goods to zero essentially. Therefore, preferential access to ASEAN manufacturing is not solely granted to countries within t...

Q&A

What is the difference between ?indirect? and ?direct? sourcing in Asia?

What is the difference between ?indirect? and ?direct? sourcing in Asia?

An indirect method of managing a sourcing operation means employing offices that cannot undertake any commercial or industrial activities, receive payment in local currency, or manage export/import activities. Indirect methods are relatively uniform ...

Q&A

Wie ist das Sozialsystem in Indien aufgebaut?

Wie ist das Sozialsystem in Indien aufgebaut?

In Indien sind die Sozialleistungen nicht für das ganze Volk zugänglich, lediglich Arbeitnehmer im formellen Sektor sind sozialversicherungspflichtig und können dadurch die Sozialleistungen Rente, Krankenversicherung, Mutterschaft, Abfindung bei A...

infographic

Indien: Beitrge und Beteiligung zum Sozialversicherungssystem

Indien: Beitrge und Beteiligung zum Sozialversicherungssystem

Diese Tabelle beschreibt das Sozialversicherungssystem Indiens näher. Welches Programm und welchen Anteil die Arbeitgeber bzw. Arbeitnehmer zahlen, wird für die Rentenversicherung, die Krankenkasse, Arbeitsunfähigkeit, Mutterschaft und Arbeitslosi...

infographic

Sozialversicherung in Asien auf einen Blick

Sozialversicherung in Asien auf einen Blick

Die Sozialsteuersysteme von China, Indien, Hong Kong, Singapur und Vietnam unterscheiden sich in einigen Punkten, wie z.B. die Höhe der Beiträge. Folgende Tabelle gibt einen Überblick über die Sozialsteuersysteme dieser Länder.

Q&A

Wie ist die Umsatzsteuer in Indien aufgebaut?

Wie ist die Umsatzsteuer in Indien aufgebaut?

Eingeführt wurde die Umsatzsteuer 2005 und ersetzte die Verkaufssteuer, welche nun jedoch auf Bundesebene erhoben wird. Für die Steuerregistrierung müssen ausländische Unternehmen sowohl ein indisches Konto, als auch eine PAN (...

infographic

Steuersystem Indien

Steuersystem Indien

Diese Infografik beschreibt welchen Instanzen die Steuerzahler ihre Steuern abführen müssen. Dabei liegt der Unterschied bei der Bundesregierung und den Bundesstaaten.

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