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New Document to Streamline FDI Process in India
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.
2010 Expatriate Income Tax Planning in China
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.
GST Implementation Delayed in India
The set April 1 deadline for the introduction of the new Goods and Services Tax (GST) is likely to be rescheduled.
Danang Tops Provincial Competitive Index in Vietnam
Danang topped the Vietnam Chamber of Commerce and Industry
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.
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 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.
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
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.