Our collection of resources based on what we have learned on the ground
Resources
Q&A
What are Double Tax Agreements (DTAs) and how might foreign investors in India b...
- February 2015
- Free Access
Double Tax Agreements (DTAs) are bilateral agreements under which two states formalize tax rates (for taxes ranging from corporate to withholding tax) for individuals and corporate entities. India has over 90 such arrangements with other countries. F...
Q&A
Why is Singapore such an important source of Foreign Direct Investment (FDI) int...
- February 2015
- Free Access
Singapore accounted for almost 25% of India’s total Foreign Direct Investment (FDI) in 2013-14. This large share is explained by a provision of Singapore Double Tax Agreement (DTA) with India – the Limitation of Benefit (LoB). The LoB pro...
Q&A
How are employer tax compliance requirements different in India than any other A...
- February 2015
- Free Access
Employers are required to withhold tax on various payments including rent, interest, dividend, royalty, and service income. In this sense, the compliance requirements for employers are more complex in India than in any other countries explored. Busin...
Q&A
What is the significance of PAN to employers in India?
- February 2015
- Free Access
In addition to witholding individual income tax monthly, businesses must issue an annual certificate within two months from the end of the tax year to employees regarding the amount of tax deducted at the source of income. All employees must be...
Q&A
How is corporate income tax (CIT) calculated in Asia?
- January 2015
- Free Access
Corporate Income Tax (CIT) is levied on the profits of a company. The rate varies considerably for different countries - it can be anywhere between 17 and 40% and is determined by various different factors including the priorities of the government, ...
Q&A
How does indirect tax differ from corporate income and individual income tax in ...
- January 2015
- Free Access
Indirect tax adds to the price of a product which makes the consumer indirectly pay the rate of taxation. For corporate and individual income tax, a business or individual has to pay the necessary amount directly to the government. Also, the indirec...
Q&A
What is withholding tax and how is it paid in Asia?
- January 2015
- Free Access
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?
- January 2015
- Free Access
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?
- January 2015
- Free Access
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...
- January 2015
- Free Access
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.
Q&A
What is the significance of ASEAN?s Free Trade Agreements with China and India?
- January 2015
- Free Access
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?
- January 2015
- Free Access
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 ...
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