Business updates and special topic events, specially curated for global foreign investors in...

26 April 2023	View in Browser

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

INDIA EDITION


TOP STORIES THIS WEEK:


The EU Carbon Border Adjustment Mechanism: New Green Trade Restrictions to Impact Businesses in India

The EU Carbon Border Adjustment Mechanism imposes a fee on the carbon emissions contained in certain imports. We discuss the roll-out of this new mechanism, implications for India-based manufacturing entities and exporters, and suggest business actions to prepare for the implementation of the carbon border tax.


Indian Income Tax Tribunal Rules Against Using DTAA to Reduce Dividend Tax Liability

India’s income tax authority recently ruled that domestic resident companies cannot leverage the double taxation avoidance agreement (DTAA) to mitigate their liability towards dividend distribution tax (DDT). As a result, non-resident shareholders have the option to select the more favorable TDS rate under the Income-tax Act or the relevant DTAA.


Single Logistics Operator Appointed For International North-South Transportation Corridor

A single logistics operator is to be created for the Caspian North-South corridor, with an agreement signed between KTZ Express, RZD Logistics and Transport and Logistics Centre of Turkmenistan on the establishment of a joint venture (JV) for the development of transportation. The goal of the joint venture will be the creation of a single logistics operator on the eastern route of the...


India and Iran: Economic Relations and Geopolitical Hindrances

As the world shifts towards a multipolar order, Iran and India have a pivotal role to play in shaping the trade and connectivity patterns across Eurasia, given their historical friendly relations. However, their economic ties have been affected by geopolitical developments, particularly the re-imposition of US sanctions on Iran. Nonetheless, both nations are making efforts to enhance their...


India and Russia in Discussions to Upgrade BIT and Complete EAEU FTA Agreements

India and Russia are in ‘advanced negotiations” for an updated Bilateral Investment Treaty (BIT) and recommencement of the India-Eurasian Economic Union Free Trade Agreement are all underway in Delhi as the BRICS makes its global trade presence felt. Jaishankar said a new deal with Russia would make a huge difference to trade relations. Bilateral trade shot up to US$45 billion in 2022.

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NEWS FROM AROUND ASIA:

An Introduction to Doing Business in India 2023 (Complimentary Report)


An Introduction to Doing Business in India 2023 (Complimentary Report)

This publication is designed to introduce the fundamentals of investing in the Indian market and includes a guide to corporate establishment, merger and acquisition, tax advisory, HR and payroll...


An Introduction to Doing Business in Dubai 2023: New Complimentary Guide

This brand new, complimentary 120 page publication is a unique introduction to the United Arab Emirates with a special focus on Dubai and has been...


Understanding UAE Small Business Tax Relief: FAQ

Business owners operating in the various UAE free zones are impatient to understand the corporate tax implications on their operations. Part of...


Malaysia’s Premium Visa Program Aimed at Attracting Wealthy Investors

Malaysia’s Premium Visa Program (PVIP) was introduced to attract wealthy foreigners to invest and reside in the country for up to 20 years. In...

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UPCOMING EVENTS FOR ASIA:


ACBC China: Delegation Green Economy Opportunities for Australia

Delegation Roundtable and Dinner \| April 23-28, 2023, Beijing


[IT] Opportunità per le aziende italiane nella Greater Bay Area cinese

Webinar \| Wednesday, April 26, 2023 \| 16:00 China / 10:00 CET


Alberto Vettoretti and Riccardo Benussi to Meet with Partners and Clients in Rome, Italy

Meeting \| Wednesday - Friday, April 26-28, 2023 \| Rome, Italy


[Networking] - After Work Social by Dezan Shira & Associates

Networking on-site \| 26 April 2023, 6.00 – 9.00 PM SGT


Establishing Your Business in Singapore: Start First and Start Right \| US Time Zone

Webinar \| April 26, 2023 \| 9:00 AM PST / 12:00 PM EST

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