Our collection of resources based on what we have learned on the ground
Resources
Q&A
How does indirect tax differ from corporate income and individual income tax in ...
- January 2015
- Free Access
Indirect tax adds to the price of a product which makes the consumer indirectly pay the rate of taxation. For corporate and individual income tax, a business or individual has to pay the necessary amount directly to the government. Also, the indirec...
Q&A
What is withholding tax and how is it paid in Asia?
- January 2015
- Free Access
Withholding tax is kept back from an employee's salary and is subsequently paid to the government to combat tax evasion. It is divided into royalties, dividends and interest in Asia, however the amount varies depending on the country.
Q&A
How is individual income tax (IIT) calculated in Asia?
- January 2015
- Free Access
In Asian countries individuals are taxed according their salary. Therefore those with a higher salary will have to pay higher taxes. However, rates vary in different Asian countries and could be anywhere between 17 and 45%. Exceptions of this are Br...
Q&A
What are the current sales and service tax rates in Malaysia?
- January 2015
- Free Access
In Malaysia, service tax is currently at 6% and is calculated based on the value of taxable services provided by the individual. However, on 1st April 2015 a 6% goods and services tax (GST) will replace the current sales and service tax.
Q&A
How do China's tax treaties affect withholding tax payments for dividends, inter...
- January 2015
- Free Access
If the tax rate written in the relevant treaty is higher than 10%, the tax will be fixed at 10%. If the rate specified in the treaty is lower than 10%, the amount of tax payable will be the amount specified.
magazine
The Asia Sourcing Guide 2015
- January 2015
- Members Access
In this issue of Asia Briefing, we explain how and why the Asian sourcing market is changing, compare wage overheads, and look at where certain types of products are being manufactured and exported. We discuss the impact of ASEANâs Free Trade Ag...
Q&A
I am the director of a medical device company in the U.S. and I am looking to fu...
- January 2015
- Free Access
There are a few options for you when looking to invest in the medical device industry. China is currently one of the world’s most promising markets for medical devices. China relies heavily on foreign imports for its medical supplies and device...
Q&A
How does China source its medical supplies and devices?
- January 2015
- Free Access
China relies heavily on foreign imports for its medical supplies and devices. This is especially true for high-tech, high-price items, for which the U.S., Germany and Japan serve as major exporters. Additionally, there are several thou...
Q&A
Why is there such a discrepancy between foreign and Chinese producers of medical...
- January 2015
- Free Access
The discrepancy between foreign and Chinese producers of medical devices is commonly attributed to the high entry barriers for the higher-end medical device market: producing more technologically advanced equipment is capital-intensive...
Q&A
How has the Chinese Government reacted to the discrepancy between foreign and Ch...
- January 2015
- Free Access
This trend has recently led the China National Health and Family Planning Commission to announce the launch of a policy favoring local producers of medical devices, as a means of bringing down rising health care costs. The policy inclu...
Q&A
Which legislation regulates the supervision and administration of medical device...
- January 2015
- Free Access
(State Council Order No. 650), effective June 1, 2014 Order 650 is the highest level regulation governing the registration and record-keeping of medical devices, requirements for product manufacturing and distribution, and liability fo...
Q&A
What is China's risk based classification and administration for medical devices...
- January 2015
- Free Access
The classification regime for medical devices in China differs significantly from those in the European Union and United States. For example, a device considered to be Class II in the U.S. or Class II-a/II-b in the E.U. may be consider...
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