Our collection of resources based on what we have learned on the ground
Resources
Q&A
How can employer terminate an employee in India?
- February 2016
- Free Access
There is no standard process to terminate an employee in India. An employee may be terminated according to the individual labor contract signed between the employee and the employer, if the contract defines a process for termination. If there is no l...
Q&A
To what extent does labor law protect employees in India?
- February 2016
- Free Access
The judiciary and the government tend to have a pro-worker stance in employment-termination dispute. And laws in India offer employees a great degree of protection. Therefore, it is usual for employees in India to exercise their right of appeal when ...
Q&A
How is the labor market in India?
- February 2016
- Free Access
There are three main factors which describe the lndian labor market: low cost of labor, large labor pool and increasingly more competitive competition for talent. India is a leader in labor cost competitiveness, where labor costs average US $0.92 per...
Q&A
What aspects do foreign investors/companies need to consider when doing business...
- February 2016
- Free Access
For foreign investors doing business in India, it is vital to cultivate a basic understanding of local customs to remain effective in meeting business goals. There are two aspects which need to be taken into consideration. First, honor and shame play...
Q&A
What was the first FTZ established in China?
- January 2016
- Free Access
China’s first ever free-trade zone was established in Shanghai in September 2013. This FTZ was created to serve as a means to promote economic reform and facilitate foreign direct investment.
Q&A
What is meant by the term ‘negative list’?
- January 2016
- Free Access
The term negative list is used to define industries in which foreign companies cannot invest and specifies restrictions or bans on certain types of foreign investment. This term was first introduced in the Shanghai FTZ in 2013 and has been updated tw...
Q&A
What are the goals of China's three new FTZs?
- January 2016
- Free Access
The three new zones are intended to drive regional growth by encouraging selected industries to cluster in that area. It could be said that the biggest opportunity for foreign investors is the concentration of industries and the benefits that th...
Q&A
What are “one-stop application processing platforms” used in FTZs?
- January 2016
- Free Access
One-stop application processing platforms were introduced to cut down on bureaucracy related time costs for company establishment. Under this platform all application materials will be submitted and handled through the industry and commerce authority...
Q&A
How much is the penalty if enterprises miss tax deadlines in Vietnam?
- January 2016
- Free Access
A taxpayer who pays tax later than the deadline has to pay the outstanding tax liabilities plus a fine equal to 0.05 percent of the tax due for each day the payment is late.
Q&A
How should the tax payment process be carried out in Vietnam?
- January 2016
- Free Access
Enterprises in Vietnam are required to carry out the tax process online. To simplify the tax payment process, the Ministry of Finance has issued Circular No. 110/2015/TT-BTC on electronic transactions in tax administration, which came into effect on ...
Q&A
Can enterprises use different exchange rates for different items in Vietnam?
- January 2016
- Free Access
Enterprises in Vietnam may now use different exchange rates for different items. In particular, assets and liabilities are converted into VND based on the exchange rate at the end of the period, while the equity of a company’s owner is converte...
Q&A
When is the deadline for tax declaration (monthly, quarterly and annually) and f...
- January 2016
- Free Access
The deadline for monthly tax declaration is 20th day after the end of the month, for quarterly declaration it is 30th day after the end of the quarter and for annual declaration it is also 30th day after the end of the fiscal year. And deadline for a...
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