Our collection of resources based on what we have learned on the ground
Resources
Q&A
How many pension programs does China have and which ones are compulsory?
- May 2014
- Free Access
China has three pension programs: Basic pension insurance scheme for urban employees Urban residents pension program Rural pension program. The basic pension insurance scheme for urban employees is compulsory, the other two programs are for r...
Q&A
When can an individual collect basic pension in China?
- May 2014
- Free Access
An individual can collect basic pension on a monthly basis if the cumulative premium payment period reaches 15 years at the time he or she reaches the statutory retirement age. In China, the statutory retirement age for men is 60; for white-collar fe...
Q&A
Is it possible for an individual to transfer their pension funds to another juri...
- May 2014
- Free Access
When an employee moves from one jurisdiction to another, they will be able to transfer their pension funds and, when they retire, they will be able to receive a pension amount based on the entire amount of their accumulated funds. Once the personal a...
Q&A
Which law will prevail if domestic tax law is in conflict with the double tax ag...
- February 2014
- Free Access
If there's a conflict between the domestic tax laws and the tax provisions in a double tax agreement, those in the double tax agreement will prevail. However, domestic tax laws will prevail when the relevant tax obligations included in the double tax...
Q&A
What is the application process to invest in Indian Development Zones?
- February 2014
- Free Access
The Approval Committee at the zone level deals with approval of units in the Special Economic Zones and other related issues. Each zone is headed by a development commissioner, who is ex-officio chairperson of the approval committee. Once an Special ...
Q&A
How is deemed profit rate calculated under Chinese corporate income tax law?
- February 2014
- Members Access
According to the “Administrative Measures for the Assessment and Collection of Corporate Income Tax on Non-Resident Enterprises (Guoshuifa [2010] No.19, ‘Circular 19’),” non-resident enterprises are required to keep accurate a...
Q&A
How can foreign investors merge or acquire local entities for establishing a for...
- February 2014
- Free Access
With respect to Mergers and Acuisitions involving the acquisition of Chinese domestic companies by foreign investors, in June 2009, the Ministry of Commerce promulgated the “Provisions on Foreign Investors’ Merger with and Acquisition of ...
Q&A
How can foreign investors set up online business in China?
- February 2014
- Free Access
After opening up a physical shop in China, a foreign investor can set up an online store by creating a website through which selling is conducted. This will require the foreign investor to first set up a foreign-invested commercial enterprise (FICE) ...
Q&A
How should debts be resolved when a Vietnamese business is to close down?
- January 2014
- Free Access
A company will be allowed to dissolve after it ensures to discharge any and all debts and property obligations in certain order. The company must also set up a meeting to liquidate its assets, and the subsequent meeting minutes should include the fo...
Q&A
What are foreign representation entities required to file in India?
- January 2014
- Free Access
For annual compliance, foreign representation entities are required to file the following: Audited balance sheet Profit and loss accounts Director's report Statutory auditors' report Annual account of holding company List of places of busines...
Q&A
What are the guidelines for the annual accounts' filing for Indian entities?
- January 2014
- Members Access
Annual accounts must be filed with the office of the concerned ROC within 30 days after the AGM. If an AGM is not held, then accounts should be filed within 30 days of the last date on which the AGM was required to be held. Accounts must relate to...
Q&A
What are the guidelines for the annual auditors' appointing for Indian entities?
- January 2014
- Free Access
Auditors are appointed by the Board of Directors. The appointed auditor must be a chartered accountant. She or he may not be an employee or partner of the company, hold security of the company or be indebted to it. The auditor is always appointe...
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