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

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Q&A

How are individuals taxed in Hong Kong, and who must file annual tax returns in ...

How are individuals taxed in Hong Kong, and who must file annual tax returns in ...

Individuals are taxed at a progressive rates on their net chargeable income (i.e assessable income after deductions and allowances) starting at 2% and ending at 17% or at a standard rate of 15% on net income (i.e. income after deductions), depending ...

Q&A

How are employer tax compliance requirements different in India than any other A...

How are employer tax compliance requirements different in India than any other A...

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?

What is the significance of PAN to employers in India?

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

What aspects of Personal Income Tax (PIT) are Vietnamese employers responsible f...

What aspects of Personal Income Tax (PIT) are Vietnamese employers responsible f...

Employers are required to collect taxes on employee income for both foreign and local Vietnamese employees. Employers must withhold the require percentage of their employees personal income, and deposit the monthly amount with the state treasury no l...

Q&A

How do you determine whether a foreign individual working in China is subject to...

How do you determine whether a foreign individual working in China is subject to...

For foreigners working in China, determining the applicability of individual income tax to one’s situation involves decoding a set of intersecting criteria and rules. Following this, you will need to calculate your precise liabil...

Q&A

Are foreign individuals employed in China eligible for tax deductions?

Are foreign individuals employed in China eligible for tax deductions?

Foreign individuals employed in China are eligible to a standard deduction of RMB 4,800. On top of this, there are a number of allowances that may be deducted off an individual’s income, including the mandatory Chinese social sec...

Q&A

Can companies listed on the stock exchange give their employees the right to buy...

Can companies listed on the stock exchange give their employees the right to buy...

Stock options are a type of remuneration where companies that are listed on a stock exchange give their employees the right to buy stocks in the company at a certain price. After one year, the options become exercisable and the employe...

Q&A

How is corporate income tax (CIT) calculated in Asia?

How is corporate income tax (CIT) calculated in Asia?

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 ...

How does indirect tax differ from corporate income and individual income tax in ...

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?

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.   

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