Our collection of resources based on what we have learned on the ground
Resources
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...
Q&A
How is residency defined under Indian law?
- November 2012
- Members Access
Personal taxation in India depends on the income source and a person’s residential status, which is determined by the length of time spent in India. Residential statuses include: resident and ordinarily resident (ROR), resident but not ordinari...
Q&A
What should Chinese foreign-owned subsidiaries bear in mind when entering into s...
- November 2012
- Free Access
The subsidiaries must provide the services that are within their business scope. For foreign-invested commercial enterprises or manufacturing wholly-owned foreign enterprises, the services must be provided in relation to their business scope...
Q&A
What are the common service agreements between Chinese foreign-owned subsidiarie...
- November 2012
- Free Access
Indeed, service agreements vary largely based on the service that will be provided, however the main types of service agreements might include: Consulting services Commission agency services After-sales or technical support services
Q&A
What are the main terms that should be included in service agreements between re...
- November 2012
- Free Access
The following items are advised to be included: The scope of services The fees for such services The payment method of such fees The liabilities when problems arise Other miscellaneous terms that the parties think fit
Q&A
When do tax liabilities arise in terms of services provision under Chinese law?
- November 2012
- Free Access
As long as the service recipient or the service provider is located in China, tax liabilities will arise on the service income, notwithstanding the location of the provision of services. Indeed, the Chinese subsidiaries are the ones responsible for w...
Enquire for more information about our services, and how we can help solve challenges for your organization
Contact Us