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.
Q&A
How should employers deal with withholding tax in Vietnam?
- January 2015
- Free Access
Employers should keep the necessary amount of their employees income and give this to the State Treasury no later than the 20th day of the following month.
infographic
Labor Costs in China Versus ASEAN
- January 2015
- Free Access
Average worker salary of cities such as Guangzhou, Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila have been taken into account.
infographic
Corporate Taxation in China Versus ASEAN
- January 2015
- Free Access
This infographic is the comparison of Corporate Income Tax (CIT) of the more developed ASEAN economies such as Indonesia, Malaysia, Philippines, Thailand and Vietnam.
infographic
Countries with Double Taxation Avoidance Agreements with China (as of January 20...
- January 2015
- Members Access
List of countries that have double taxation avoidance agreements with China, as of January 2015.
Q&A
How can international businesses take advantage of dividends tax in China?
- January 2015
- Free Access
China charges a 10 percent dividends tax on the overseas repatriation of profits, in addition to a 25 percent corporate income tax (CIT). However, many of China’s bilateral DTAs (such as that with Hong Kong) provide for a clause that reduces th...
Q&A
How do you qualify for DTA benefits in China?
- January 2015
- Free Access
The first step in qualifying for DTA benefits is to determine whether you are a tax resident of a country that has an effective DTA agreement with China (i.e. a non-resident with respect to China). Following this, the qualification requirements as se...
magazine
Using China’s Free Trade & Double Tax Agreements
- January 2015
- Members Access
In this issue of China Briefing, we examine the role of Free Trade Agreements and the various regional blocs that China is either a member of or considering becoming so, as well as how these can be of significance to your China business. We also exam...
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