Our collection of resources based on what we have learned on the ground
Resources
magazine
Managing Your Accounting and Bookkeeping in China
- April 2015
- Members Access
In this issue of China Briefing, we shed light on the practice of accounting in China. We start out by introducing the reader to the development of the Chinese accounting standards, and their main differences compared to international standards. Next...
videographic
Timeline for Tax Filing in India
- March 2015
- Free Access
This prezi navigates you through the several deadlines for filing personal income tax return and other financial statements of a company in India.
Q&A
Under what circumstances are new start-up companies entitled to tax exemptions i...
- February 2015
- Free Access
The start-up company must be incorporated in Singapore, be a tax resident in Singapore and have no more than 20 shareholders for the YA. The shareholders must hold the shares directly under their own names and be individuals beneficially. If they are...
magazine
China Investment Roadmap: The Entertainment Industry
- February 2015
- Members Access
In this special edition China Briefing Industry Report, we cast our gaze over the broad landscape of Chinaâs entertainment industry, identifying where the greatest opportunities are to be found and why. Next, we detail some of the most important...
Q&A
What did the 2014 VAT reform change for businesses in the entertainment industry...
- February 2015
- Free Access
As of January 2014, taxation for “Modern Services” was made subject to Value-added Tax (VAT) rather than the previous Business Tax (BT). “Modern Services” includes radio, film and television production, distribution and broadc...
Q&A
How are individuals taxed in Hong Kong, and who must file annual tax returns in ...
- February 2015
- Free Access
Individuals are taxed at a progressive rates on their net chargeable income (i.e assessable income after deductions and allowances) starting at 2% and ending at 17% or at a standard rate of 15% on net income (i.e. income after deductions), depending ...
Q&A
How are employer tax compliance requirements different in India than any other A...
- February 2015
- Free Access
Employers are required to withhold tax on various payments including rent, interest, dividend, royalty, and service income. In this sense, the compliance requirements for employers are more complex in India than in any other countries explored. Busin...
Q&A
What is the significance of PAN to employers in India?
- February 2015
- Free Access
In addition to witholding individual income tax monthly, businesses must issue an annual certificate within two months from the end of the tax year to employees regarding the amount of tax deducted at the source of income. All employees must be...
Q&A
What aspects of Personal Income Tax (PIT) are Vietnamese employers responsible f...
- February 2015
- Free Access
Employers are required to collect taxes on employee income for both foreign and local Vietnamese employees. Employers must withhold the require percentage of their employees personal income, and deposit the monthly amount with the state treasury no l...
Q&A
Can companies listed on the stock exchange give their employees the right to buy...
- January 2015
- Free Access
Stock options are a type of remuneration where companies that are listed on a stock exchange give their employees the right to buy stocks in the company at a certain price. After one year, the options become exercisable and the employe...
Q&A
How is corporate income tax (CIT) calculated in Asia?
- January 2015
- Free Access
Corporate Income Tax (CIT) is levied on the profits of a company. The rate varies considerably for different countries - it can be anywhere between 17 and 40% and is determined by various different factors including the priorities of the government, ...
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...
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