Our collection of resources based on what we have learned on the ground
Resources
Q&A
Why is Hong Kong holding company an attractive option for foreign investors inve...
- December 2012
- Free Access
There are a number of reasons: Geographical proximity Low tax rate – only 16.5 percent for corporate income tax and 15 percent for partnerships and sole traders Territorial source principle of taxation – only income derived fro...
Q&A
How is the corporate income tax defined in India?
- December 2012
- Free Access
Corporate income tax is levied on the income computed in accordance to the Income Tax Act. For domestic companies, i.e.: companies registered in India, it stands at a rate of 30 percent; for foreign companies, i.e.: companies registered outside of In...
Q&A
What is minimum alternative tax in India?
- December 2012
- Members Access
Minimum alternative tax is the tax, which is applicable to companies that assess at 18.5 percent of the adjusted book profits. The raison d’être of this tax is that to minimize the tax liability, many profitable Indian companies, who are ...
Q&A
How is value-added tax levied in India and how should the filing be prepared?
- December 2012
- Members Access
Value-added tax is only levied on goods, not services. This tax is applicable at each stage of sale and a credit mechanism keeps track paid value-added tax. Other than the tracking, there are 4 tiers of which different rates will be applicable: 1 ...
Q&A
What other tax obligations might be imposed on foreign-invested enterprises in I...
- December 2012
- Members Access
First of all, excise duty is also termed as central value-added tax, which is applicable to goods manufactured in India on the value of goods sold or the maximum retail price of the goods sold, depending on the type of goods in question. It is curren...
Q&A
What qualifies a company as a tax resident in Singapore?
- December 2012
- Free Access
A company will be a tax resident if the control and management of its business is located and exercised in Singapore. Thus, normally a foreign subsidiary would not be counted as a tax resident in Singapore. Being a tax resident in Singapore, the comp...
Q&A
What is Productivity and Innovation Credit Scheme in Singapore?
- December 2012
- Free Access
It is a program that SMEs to encourage business to invest in productivity and innovation may receive the following benefits: 60 percent cash payout of up to SGD$ 100,000; or 400 percent tax deduction/ allowances of up to SGD$ 400,000, &n...
Q&A
How are goods and services tax and withholding tax levied in Singapore?
- December 2012
- Free Access
Goods and services tax is levied on import of goods and supply of goods and services in Singapore. Companies are required to complete registration for this tax and collect this tax only if its turnover exceeds SGD$ 1 million in any 12 consecutive mon...
Q&A
What is the corporate income tax rate in Vietnam?
- December 2012
- Members Access
The corporate income tax rate is currently 25 percent. However, starting from January 2014, it will be reduced to 22 percent. But for companies engaging in prospecting, exploring, and mining of petroleum and gas and other rare and precious natural re...
Q&A
How is value-added tax defined in Vietnam?
- December 2012
- Free Access
It is applicable on most goods and services rendered during the process of production, circulation and consumption in Vietnam. There are indeed 3 tax rates – 0 percent, 5 percent and 10 percent: • 0 percent – applicable to exp...
magazine
The Asia Tax Comparator
- November 2012
- Members Access
In an increasingly inter-connected Asia, many foreign investors are looking beyond China, using the lens of their China experiences to understand the investment environment in countries like India and Vietnam.
infographic
Corporate Income Tax in India
- November 2012
- Members Access
The table shows the difference of Corporate Income Tax (CIT) rate between domestic and foreign companies in India.
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