Company News
An Uncertain China
As the world shifts its political positions and emerging countries flex new found muscles in the aftermath of the global financial crisis, how has China reacted to the situation?
Food Safety Law to Require Registration for Foreign Importers
Following the draft of a new food safety law, foreign food importers will need to register with the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) every four years to ensure the safety of their products.
India Releases Income Tax Deduction Rates for 2009-2010
The Income Tax Department recently released a circular detailing the tax deduction rates on salaries for the financial year 2009-2010.
Foreign Firms in Vietnam Allowed to Pick Accounting Currency Unit
The Ministry of Finance is now allowing foreign firms in the country to choose the currency unit they want to use for accounting purposes.
China Clarifies Corporate Income Tax Treatments for Asset Losses
The State Administration of Taxation clarified corporate income tax treatment of asset losses not deducted in the year incurred.
New Regulations for Establishing Representative Offices in China Released
The State Administration for Industry and Commerce (SAIC) has released new incorporation regulations that will affect foreign investors setting up representative offices in China, as well as ROs already established on the mainland.
Interest Expenses Paid to Individuals Deductable from CIT in China
The State Administration of Taxation
Updates on Personal Income Tax in Vietnam Released
The Ministry of Finance has released a circular providing more instructions on the implementation of the new personal income tax (PIT).
Tax Rebates for Export Businesses Still Available in China
Export companies with unsettled overpaid value-added-tax can still avail of lump-sum tax rebates under the provision concerning tax settlements for enterprises newly undertaking an export business states in the Circular of the State Administration of Taxation on Printing and Distributing and in the Circular of the State Administration of Taxation on Implementing Tax-Rebates Clearance for Exported Goods in 2003
Corporate Tax Audit Considerations
Corporate tax considerations are an important part of any company