Income Tax in India, Industrial Zones in Vietnam – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
German investment in the 10 member states of the Association of Southeast Asian Nations (ASEAN) has been increasing steadily and has the potential to grow further in the coming years.
We focused on German investment in Brunei and Cambodia in the first part of this five-part article, covered Indonesia and Laos in the second part, and looked at Malaysia and Myanmar in the third part. We next focus on the Philippines and Singapore.
Filing of ITR is a mandatory obligation where tax payers detail their annual income from salary and other sources, allowances and reliefs claimed, and investments.
The International Payroll and Human Resources team at Dezan Shira & Associates has developed a simple calculator to help taxpayers determine their tax returns against the above rates of tax.
Sources from the Russian Ministry of Economic Development and Trade have apparently stated that financial experts will start testing blockchain and cryptocurrencies in Kaliningrad Oblast, Kaluga Oblast, Perm Krai and Moscow.
Switzerland is set to sign a Memorandum of Understanding with China concerning mutual developments with China’s Belt & Road Initiative.
The signing is expected to take place on April 28th during the state visit to China by Swiss President Ueli Maurer, who will be accompanied by a Swiss delegation of finance and business executives. Maurer is also attending the Belt & Road Forum in Beijing.
Vietnam developed industrial zones to further boost foreign investment into the country.
Vietnam Briefing explains the industrial park system, how a businessperson can evaluate industrial zones, and some of the advantages of setting up in an industrial zone.
China Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in Dalian, Beijing, Shanghai, Guangzhou, Shenzhen, and Hong Kong. Readers may write to firstname.lastname@example.org for more support on doing business in China.
- Previous Article India’s FDI Performance, Vietnam’s Trade War Benefits – China Outbound
- Next Article Workplace Injury Law in India, Vietnam Used Machinery Ban – China Outbound