Our collection of resources based on what we have learned on the ground
Resources
Q&A
What are high-tech zones in Vietnam?
- November 2013
- Free Access
High-tech zones specialize in fields of manufacturing of biotechnology, IT and green technology. They also focus on research and development, personnel training and high-tech trade. For high-tech zones located in “especially difficult socio-eco...
Q&A
How are double tax agreements applicable to countries?
- November 2013
- Free Access
Double tax Agreements are applicable to both individual and companies of the countries or jurisdictions who are parties to agreements. Double tax treaties are a useful tool to help reduce tax liabilities when investing in Asia. They can help to redu...
Q&A
On what activities will double tax agreements be effective in Asia?
- November 2013
- Free Access
Other than profits made by companies and income by individuals, double tax agreements will normally be effective on: Royalties; Interests; Dividends; Repatriation of profits.
Q&A
How is profit repatriation affected by double tax agreements in Asia?
- November 2013
- Members Access
Distribution of dividends may face withholding tax. Thus, if double tax agreements (DTAs) are in place, this tax might be reduced or eliminated. For example – between Hong Kong and China – there is a DTA in place where withholding tax fo...
Q&A
What is permanent establishment (PE)?
- November 2013
- Free Access
The OECD Model Income Tax Treaty defines permanent establishment as a “fixed place of business through which the business of an enterprise is wholly or partly carried on.” Thus, acquisition of permanent establishment status defines the ta...
Q&A
How does permanent establishments (PE) in Asia interact with double tax agreemen...
- November 2013
- Free Access
If a resident of Country A operates business in Country B, between which there is a double tax agreement, the profit derived will not be subject to tax in Country B, unless the business is operated in Country B through a permanent establishment. If ...
Q&A
What are general anti-avoidance rules?
- November 2013
- Free Access
General Anti-Avoidance Rules have been a recent phenomenon, which has been passed into law by several countries in the wake of the increasing use of complex legal structures to avoid taxes in certain jurisdictions.
Q&A
What are the common ways to be tax efficient in Asia?
- November 2013
- Free Access
The common ways can include the following: Establishing a company or subsidiary in an offshore jurisdiction; Using “tax havens” Exploiting vague legal definitions; Using “tax shelters”.
Q&A
How do China?s general anti-avoidance rules work?
- November 2013
- Free Access
A general anti-avoidance rule (GAAR) was first introduced in China under the corporate income tax (CIT) Law which came into effect in 2008. The GAAR empowers Chinese tax authorities to make reasonable adjustments where an enterprise implements an arr...
Q&A
How does Indian general anti-avoidance rules work?
- November 2013
- Free Access
Indian General Anti-Avoidance Rules relies heavily on the “substance over form” principle. It addresses directly the issue of tax avoidance. Under this new regime, the regulating ambit of transfer pricing will be widened, which will inclu...
Q&A
How do general anti-avoidance rules work in Asia?
- November 2013
- Free Access
General Anti-Avoidance Rules function according to the “substance over form” principle. The rules give relevant tax authorities the right to withhold or to deny tax benefits that transactions might expect to enjoy, if it is clear that the...
Q&A
What are bilateral investment treaties (BITs)?
- November 2013
- Free Access
BITs function as the legal basis of which states can mutually agree upon to recognize the protocols and parameters of bilateral investments. They are particularly useful when it comes to dealing with lesser developed countries, because double tax agr...
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