Our collection of resources based on what we have learned on the ground

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Q&A

What is withholding tax and what are the three types of it?

What is withholding tax and what are the three types of it?

A withholding tax is a tax applied to funds that companies wish to send aboard. Countries in Asia typically divide withholding tax into dividends, interest, and royalties payments, with the amount of each varying considerably in each country. These a...

Q&A

How is Corporate Income Tax (CIT) carried out in ASEAN and what are the differen...

How is Corporate Income Tax (CIT) carried out in ASEAN and what are the differen...

How CIT tax is carried out varies across ASEAN countries and is determined by a myriad of factors such as priorities of government, the nature of its economy, the country’s size and its level of development. Depending on the tax residency of th...

Q&A

What changes or improvements can be expected from the taxation system in ASEAN c...

What changes or improvements can be expected from the taxation system in ASEAN c...

In the next five years, taxation in ASEAN will largely be characterized by two trends: convergence and transparency. While lowered rates will likely prevail in ASEAN’s developing economies to attract investment, countries such as Singapore and ...

Q&A

Why do companies need a thorough due diligence about Corporate Income Tax when i...

Why do companies need a thorough due diligence about Corporate Income Tax when i...

With capital flooding into ASEAN countries as a result of reduced trade barriers, ASEAN countries have subsequently propelled CIT into the spotlight as a key driver of competitiveness. Countries such as Indonesia and Vietnam have reduced their CIT ra...

Q&A

What is the current trend of Personal Income Tax (PIT) in ASEAN countries?

What is the current trend of Personal Income Tax (PIT) in ASEAN countries?

Individual income tax rates in ASEAN have for the most part been experiencing a downward turn in recent years. However, many countries have increased taxation in upper tax brackets to make up for this loss of revenue. For rapidly growing economies, t...

Q&A

How could businesses benefit from a Double Taxation Avoidance Agreement?

How could businesses benefit from a Double Taxation Avoidance Agreement?

Depending on the countries to which profits are remitted, companies may benefit from lowered withholding rates if the origin and recipient country have signed a Double Taxation Agreement (DTA). Since DTAs are negotiated on a bilateral basis, countrie...

Q&A

Besides identifying optimal tax jurisdictions, what are some of the other factor...

Besides identifying optimal tax jurisdictions, what are some of the other factor...

Besides analyzing and identifying optimal tax jurisdictions, there are other variables that determine the tax environment of a given market. Time, effort, and compliance required when filing taxes, in conjunction with the effectiveness of a governmen...

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China's Elderly Care Industry at a Glance

China's Elderly Care Industry at a Glance

This infographic shows the demographic information and statistics of elderly care institutions in China.

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China's Main Supportive Policies for the Elderly Care Industry (2011-2016)

China's Main Supportive Policies for the Elderly Care Industry (2011-2016)

This infographic lists out main supportive policies that incentivize the development of the elderly care industry in recent years.

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Restructuring Your Business in China

Restructuring Your Business in China

Federico Paolucci, Associate on Dezan Shira & Associates' International Business Advisory team, advises on restructuring options for a business in China.

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VAT Rates in Vietnam

VAT Rates in Vietnam

Complete list of VAT imposed on the supply of goods and services at three different rates in Vietnam.

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Documents Required to Open a Foreign Currency Account in Vietnam

Documents Required to Open a Foreign Currency Account in Vietnam

In order to open the foreign currency account, the following documentation should be prepared.

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