Company News
Vietnam
The economy in Vietnam grew by 5.32 percent in 2009, making it one of the top expanding economies in the region despite the global financial crisis.
Danang Tops Provincial Competitive Index in Vietnam
Danang topped the Vietnam Chamber of Commerce and Industry
China Calrifies Corporate Tax Issues on Liquidation
The State Administration of Taxation has issued a circular on issues related to corporate income tax (CIT) and company liquidation.
Indian Commerce Ministry to Confirm Tax Breaks for SEZs
The Commerce Ministry will consult with the Finance Ministry to confirm the tax breaks available to special economic zones (SEZs) to clarify the security of existing SEZ tax breaks for developers.
China Customs Releases 31 Standards for Unit Consumption in Processing Trade
The General Administration of Customs and the National Development and Reform Commission jointly released a notice on December 10, approving 31 standards for unit consumption in processing trade for 2010
U.S. Congress Looks to Revise SOX Legislation
The U.S. House of Representatives last Friday passed sweeping legislation that tightens government regulation of the financial markets in the U.S. including addressing predatory lending practices and unregulated financial derivatives.
Tax on Securities Investments in Vietnam to be Implemented Next Year
Vietnam will implement a tax on gains in securities investments beginning January 1, 2010. Stock investors can choose to either pay the flat 0.1 percent duty fee on the value of each transaction, or a 20 percent levy on trading profits.
Clarification on Foreign Exchange Payments for Reinvestment
The State Administration of Tax and the State Administration of Foreign Exchange have jointly issued a circular which provides additional clarification on tax certificate requirements for service industry items and transactions.
China to Impose Low Tariffs on More Than 600 Commodities
The Ministry of Finance has announced that it would temporarily charge low import tariffs for more than 600 commodities beginning next year.