07 APRIL 2021View in Browser
 
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES: New Complimentary 2021 Hong Kong Business Guide / HR Restructuring in China / Handling Bad Faith China Trademark Registrations / China Extends Business Tax Cuts / New Complimentary Belt & Road Initiative Business Guide / China Ratifies RCEP Agreement / Cambodia Issues New Business Support Measures / Transfer Pricing in Indonesia / Vietnam Investment Policy Reforms / India Tax Deadlines 2021 / India's Push as a Regional Growth Engine

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CHINA
New Complimentary Guide: An Introduction To Doing Business In Hong Kong 2021
An Introduction to Doing Business in Hong Kong 2021 covers: Establishing and Running a Business, Tax, Audit, and Accounting, Human Resources and Payroll. Within these chapters, we discuss a range of different topics that affect doing business in Hong Kong, including investment models, key taxes applicable for foreign companies, and employment contracts. Complimentary download.
 
HR Restructuring in China: Legal, HR, and Management Considerations
HR restructuring in China can be a tripwire for foreign companies given the country’s strict labor laws and regulatory standards. The success of a company often hinges on its ability to recruit, retain, and realize the added value and potential of its employees. We spotlight the major considerations.
 
Bad Faith Trademarks In China: Guidance For Foreign Investors
China has issued a Special Action Plan to crack down on bad faith trademarks. Foreign businesses who seek to register or protect their trademark in China will be affected and provide guidelines for overseas trademark applicants looking to enter the Chinese market.
 
China Extends Business Tax Cuts To December 2023
In the "Announcement on Extending the Implementation of Some Preferential Tax Policies', various business tax breaks have been extended to December 31, 2023 and December 31, 2025, including favorable measures on one-time pre-tax deduction for newly purchased equipment and additional pre-tax deduction for corporate research and development (R&D) expenses.
 
BELT AND ROAD INITIATIVE
New Complimentary Guide: Identifying Opportunities Within the Belt & Road Initiative
“I wish that this work finds its way on the desks of European industry associations and government cabinets so that they can all better understand how to be part of such an important international project.” (Marco Geraci, Former Secretary of State, Italy)
 
China Ratifies RCEP Free Trade Agreement, Wants Early Implementation
China and Thailand have ratified the RCEP agreement, which now requires ratification by an additional seven signatory countries – five in ASEAN and two non-ASEAN countries – so that it can come into effect. Once this happens, RCEP will eliminate tariffs on nearly 30% of import tariffs to other RCEP members.
 
ASEAN
Cambodia Issues New Round of Business Support Measures
The measures are only available for the textile, garment, footwear, and tourism sectors. Suspended workers can receive up to US$40 of financial aid, with suspended workers in the textile and garment sector receiving an additional US$30 on top of the US$40, until June 2021. Hotels, guesthouses, and travel agents in selected regions will continue to be exempt from paying monthly taxes until June 2021
 
Transfer Pricing In Indonesia
Transfer pricing in Indonesia is regulated Under the Income Tax Law of 2008. Indonesia endorses the arm’s length principle as the standard guide to transfer pricing. Under this principle, profits are taxed on where economic activities have occurred. The country has a three-tiered system for transfer pricing documentation, which consists of the master file, local file, and country-by-country reports.
 
 
Vietnam's Continuing Business Reforms Post Covid
The COVID-19 pandemic brought adverse impacts and strains to Vietnam’s economy, slowing the country’s growth, and presenting uncertainties to the country’s recovery. Even though Vietnam is forecast to reach a GDP growth of 6.5 percent in 2021, further robust and decisive measures are needed to make the most out of the country’s growth potential, exceeding the forecasted growth if possible.
 
INDIA
Tax Deadlines In India 2021: Key Dates
Key tax deadlines in India in 2021, including tax reporting dates, deadlines for audit compliance, and relevant dates for tax and finance obligations.
 
India’s Push to be the New Growth Engine in Asia
Despite witnessing a steady GDP deceleration in the last few years, the government has been able to attract significant and steady foreign direct investment (FDI) inflows in the last decade. In the first nine months of 2020-21, India attracted equity FDI of US$51.4 billion, up 40% compared to US$36.77 billion during the same period in the previous year.
 
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UPCOMING EVENTS IN THIS MONTH
 
 
The Rising Opportunities in Healthcare Industry in India​
Webinar | April 12, 2021 | 12:00 PM India Time
 
Sino-Italian Exchange of Biopharmaceutical Technology Enterprises 2021
Beijing, China | April 13, 2021 | 3:00 PM China Time
 
Crash Course on Doing Business in East China: New Opportunities in 2021
Webinar | April 13, 2021 | 4:00 PM China Time
 
Managing Key Risks and Common Issues for Sino-Foreign Joint Ventures
Webinar | April 14, 2021 | 4:00 PM China Time
 
Opportunità commerciali e di investimento in ASEAN
Webinar | April 14, 2021 | 9:00 AM Rome Time
 
Chinese Trademark Law and Trademark Protection in China - University of Padova (Italian)
Webinar | April 15, 2021 | 10:45-12:00 Rome Time
 
Vietnam's Integration into Global Value Chains - How does Vietnam Differ from its Regional Peers?
Webinar | April 15, 2021 | 1:00 PM EST / 10:00 AM PST
 
Master Global Management for China (GMC) 2021 – Tax, Accounting and Audit
April 19, 2021 | Ancona, Italy
 
Crash Course on Starting a Business in the Philippines in 2021
Webinar | April 21, 2021 | 4:00 PM Philippines Time
 
Indonesia’s Omnibus Law
Webinar | April 22, 2021 | 9:00 AM Rome Time
 
Crash Course on Doing Business and Investing in China's Greater Bay Area: Part 1
Webinar | April 27, 2021 | 5:00 PM EST / 2:00 PM PST
 
 
 
 
 
 
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