Company News

The Indian government wants to release a single document that will streamline the foreign direct investment process by the end of March. The document will come in a single consolidated press note that will replace the currently used 177 press notes and detail sectoral caps and how foreign investments would be treated.

China has a multi-tiered system of tax liabilities for foreigners and the deadline for declaring 2009 taxes is approaching. New-to-China expatriates with full time employment in the country need to make sure they are in compliance.

The set April 1 deadline for the introduction of the new Goods and Services Tax (GST) is likely to be rescheduled.

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 topped the Vietnam Chamber of Commerce and Industry

The State Administration of Taxation has issued a circular on issues related to corporate income tax (CIT) and company liquidation.

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.

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

The Indian Prime Minister

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.