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China to Redefine SMEs Giving Small Firms Wider Access to Gov’t Funding
China’s Ministry of Industry and Information Technology is in the process of redefining small and medium-sized enterprises in the country, with the aim of leveling the playing field and providing fairer competition for smaller companies by opening channels of government funding for small enterprises.
Vietnam to Open Up Express Delivery Market to Foreign Companies
To fully comply with WTO policies, Vietnam has committed to opening up its growing express delivery market to create a level playing field for both domestic and foreign express mailing companies.
China FIEs Now Liable for Urban Maintenance and Construction Taxes
From December 1, 2010, foreign-invested enterprises (FIEs) in China will be required to pay urban maintenance and construction tax and local fees, according to a recent announcement made by the State Council.
China Raises Key Interest Rates
China raised key interest rates by a quarter of a percentage point yesterday, sparking worldwide sell-offs in stocks, commodities and emerging-market currencies as investors lowered expectations of Chinese growth.
Vietnam May Suspend New Licensing in Energy Inefficient Cement Sector
Vietnam’s Ministry of Construction (MoC) hopes to pass a suspension in the licensing of new cement production projects in an effort to cool the sector’s rapid development and inefficient use of energy, according to the Vietnam News Service.
Changes to India’s DTC May Mean More Taxes for NRIs
India’s Direct Tax Code (DTC), which looks to become fully operational April 1, 2012, may have serious repercussions for non-resident Indians (NRIs) spending significant amounts of time living or doing business in the country.
Update on Treatment of Non-Public Joint Stock Company Shares
The Ministry of Finance has confirmed that shares of non-public joint stock companies will not be treated as securities following Letter 12501/BTC-CST issued on September 20.
SEBI Ends Practice of FIIs Investing for Individuala
The Securities and Exchange Board of India recently ended the practice of foreign institutional investors investing money collected from a single or few investors in stocks.
SAT Releases Tax Exemptions for Public Housing
The State Administration of Taxation announced in a statement dated Monday that it was exempting taxes on the use of urban land where the land is developed for public housing.
Dezan Shira Expands India Operations
Dezan Shira & Associates is expanding operations in India with a scheduled move to larger premises in New Delhi and a relocation of their offices in Mumbai.
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