Asia Investment Brief: Individual Income Tax in Malaysia, GST Rates Released in India, and Banking Crisis in Azerbaijan

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Our weekly round up of other news affecting foreign investors throughout Asia:

ASEAN BRIEFING

Individual Income Tax in Malaysia for Expatriates

Personal Income taxation in Malaysia is laid out in general terms under the Income Tax Act of 1967. In this article, we explain how expatriates should calculate their individual income tax in Malaysia. We highlight exceptions to tax rates and penalties for noncompliance.

INDIA BRIEFING

India’s GST Rates for Goods and Services Released ahead of July 1 Implementation

Effective July 1, 2017, the GST will serve as a single value added tax, replacing the current structure of multiple taxes. In this article, we report on the final GST Schedules released for goods and services by the GST Council, and analyze the possible impact on consumers and businesses.

INDONESIA BRIEFING

Indonesia Targets Maritime in OBOR Investment Push

The Indonesian Government has developed a deliberately “limited” portfolio of projects for Chinese businesses to invest in as part of the OBOR maritime routes. Indonesian Investment Coordinating Board (BKPM) chairman Thomas Lembong has confirmed that Indonesia would only offer infrastructure projects in a limited number of regions as the government had found that a lack of focus could make Chinese investors hesitant.

RUSSIA BRIEFING

Russia Connecting With India Via International North-South Transport Corridor

While all eyes have been on China concerning Silk Road developments and the so-called “One Belt, One Road” initiative, other countries have also quietly been engaging in massive infrastructure projects that essentially accomplish the same aims – interconnecting Eurasia. One of these ‘quiet’ projects is the plan to link India and Russia via the International North-South Transportation Corridor (INSTC).

SILK ROAD BRIEFING

Azerbaijani Banking Crisis Threatens To Spill Into Caucasus, EU & Central Asia

The International Bank of Azerbaijan (IBA) has defaulted on scheduled repayment loans and declared that it needs to restructure its debts. This has been followed by an immediate downgrading of IBA debt to Caa3, meaning the debt is now classed as “extremely risky”.

VIETNAM BRIEFING

Da Nang Emerging as Southeast Asia’s Next Startup Hub

Da Nang is emerging as one of the fastest growing startup cities in Southeast Asia. Read more for a breakdown of investment trends and government programs.


About Us

Our Briefing updates are written by and provided by the various regional offices of Dezan Shira & Associates throughout Asia. To obtain a complimentary subscription to Asia Briefing please click here. To contact Dezan Shira & Associates concerning foreign investment and assistance in Asia, please email us at asia@dezshira.com

 

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Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.


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Doing Business in ASEAN introduces the fundamentals of investing in the 10-nation ASEAN bloc, concentrating on economics, trade, corporate establishment and taxation. We also include the latest development news in our “Important Updates” section for each country, with the intent to provide an executive assessment of the varying component parts of ASEAN, assessing each member state and providing the most up-to-date economic and demographic data on each.


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