Our collection of resources based on what we have learned on the ground
Resources
Q&A
How is annual return filed under Singaporean law?
- November 2013
- Free Access
Singaporean companies must file an annual return with the Accounting and Corporate Regulatory Authority within 1 month of the holding of the company’s annual general meeting. Annual return can be filed by engaging the services of a professiona...
Q&A
What taxes, other than corporate income tax and capital gains tax, might a forei...
- November 2013
- Members Access
The chief tax concern other than those mentioned would be service tax, which is currently charging a rate at 10 percent, with three percent as education cess on the value of total tax. A dividends distribution tax is applicable on the distri...
Q&A
What is service tax under Indian law?
- November 2013
- Members Access
Service tax is applicable to taxable services, at a rate around 13 percent. However, a small service provider whose value of taxable services is less than 1,000,000Rs in the previous financial year will be exempted. Currently, the Central Board ...
Q&A
How are allowances taxed in India?
- November 2013
- Free Access
In Indian taxation law, allowances are generally not taxable, given that they match certain specification and do not exceed certain amount. They can be given for house rent, transport, medical care, meal coupons, leave-time travel and education.
Q&A
What are the sector restrictions for wholly foreign-owned enterprises under Chin...
- November 2013
- Free Access
According to Guidance Catalogue for Foreign Investment (2012 Catalogue), which is jointly published by the National Development and Reform Commission and Ministry of Commerce, sector restriction applies to the business activities that the Wholly Fore...
Q&A
How is the regulatory environment in India for trading?
- November 2013
- Members Access
For trade, the Export/Import Policy of India is annually amended on 31st March. Also, the duties levied on goods imported or exported could range from 5-40%.
Q&A
What goods would require license in India?
- November 2013
- Free Access
The goods that require licensing under Indian law can be found in Indian Trading Classification, wich is based on a Harmonised Code (ITC(HS)). There are two "Schedules": Schedule I deals with import policies, which is subsectioned into 21 sections, w...
Q&A
What types of duties are there in India?
- November 2013
- Free Access
There are many duties levied by the Central Government. A list of the following includes the most important ones: Basic Duty; Additional Customs Duty; Additional Duty (VAT); Anti-dumping Duty; Countervailing Duty on subsidized articles; Safeg...
Q&A
Which documents are required to sell to India?
- November 2013
- Free Access
According to s. 90(4) Income Tax Act, Indian buyer has the right to request the seller to show a Tax Residency Certificate. Tax Residency Certificate is issued by national tax bureaus of the country of origin of the company or individual. However, th...
Q&A
How to register a trading company in India?
- November 2013
- Free Access
To register a company in India, the following steps are involved: Proposed directors must apply to the Ministry of Corporate Affairs of India to obtain the Director Identification Number. After obtaining so, the directors can apply to the Registr...
Q&A
What documents are necessary for Importer/ Exporter Code number application in I...
- November 2013
- Free Access
You will need to fill in the “Aayaat Niryaat Form” (ANF2A) and accompanying this form, you will need: 2 Passport-sized photographs of the legally responsible persons; Permanent Account Number; Current bank account number; Banker&rsq...
Q&A
What is Permanent Account Number in India?
- November 2013
- Free Access
Permanent Account Number is necessary for many financial transactions in India. It can be obtained by submitting an application to whom accompanied by the applicant’s proof of residence and identity.
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