A dual goods and service tax (GST) structure has been proposed by the state that would allow for two rates for goods and one rate for services. The new GST regime is slated for implement on April 1, 2010 with the goal of streamlining taxation for the manufacturing and services industry.
The Ministry of Finance, General Administration of Customs and the State Administration of Tax have jointly issued a circular detailing the eligibility of tax exemption of imported equipment for foreign funded research and development centers in China.
In India, increased emphasis will now be placed on tapping the strong domestic demand to boost economic growth.
The new tax rules and regulations which are under construction once approved by the Indian government will transform the way you do business in India.
The Vietnam-UK Business Forum 2009 has led to the signing of a number of contracts including a US$1.5 billion project to build a thermo-electricity center and US$1.5 billion project to build a seaport warehouse.
Hau Giang Province in Vietnam, located south of Can Tho City and and 240 kilometers of Ho Chin Minh City is offering incentives to attract more investors.
Hyderabad is the financial and economic capital of the state of Andhra Pradesh, and in the first part of a new series, we take a look at this up and coming Indian city.
The Chinese State Administration of Tax has released a circular clarifying PRC Individual Income Tax treatment for income generated from share appreciation rights.
WFOE branches may have the same scope of business as the parent, however there are differences in the registration procedures for branches.
The General Customs Department of Vietnam has set higher minimum taxable prices for more than 600 models of imported cars, following allegations that local importers were under-invoicing to avoid higher taxes.