Company News
India Proposes New FDI Rules for Joint Ventures
Indian authorities are reconsidering rules on foreign direct investment for joint ventures in an effort to increase the inflow of new investment in the country.
FIE Internet Sales Operations Now Need Only Provincial Approval
The Ministry of Commerce amended the administration of foreign-invested internet sales enterprises last month, moving the approval and administration of such operations from the central government to the provincial governments.
Law on Commercial Arbitration Effective 2011
In June, Vietnam updated its law on commercial arbitration to give investors another option to resolve both contractual and non contractual disputes beginning January 1, 2011.
Staying Compliant with Updated CIT Rules in China
Hannah Feng, manager for Corporate Accounting Services at Dezan Shira & Associates, was a featured expert at the Spanish Chamber of Commerce in China’s “China Corporate Income Tax Update Seminar.”
Court Ruling: Overseas Payments Not Liable to Tax
India-based companies are not liable to deduct tax on overseas payments according to the latest Supreme Court on the subject.
Personal Income Tax Finalization for Expats
Expatriate employees leaving the country must finalize their personal income tax requirements within 45 days after the termination of their work contracts in Vietnam according to Circular 60/2007/TT-BTC.
New Tax Code Proposes Investment-Linked Incentives
The Direct Taxes Code (DTC) Bill is suggesting that profit-linked incentives can be replaced with investment-linked incentives for businesses that currently enjoy tax cuts.
Guangxi Clarifies Tax Management on Major Construction Projects
The Guangxi provincial tax bureau released a notice on Aug. 27 clarifying tax management on major construction projects, effective from October 1, 2010.
Vietnam to Set Up Tax Agency for Large Businesses
Vietnam has established the Large Enterprise Tax Management Department to specifically cater to the tax issues and payment needs of major corporations.
Approved Direct Tax Code Bill Cuts Rates
India’s Cabinet approved the Direct Taxes Code Bill yesterday, part of the government’s efforts to simplify procedures and cut taxes.