Asia Investment Brief: Individual Income Tax in Malaysia, GST Rates Released in India, and Banking Crisis in Azerbaijan

Our weekly round up of other news affecting foreign investors throughout Asia:

ASEAN BRIEFING

Individual Income Tax in Malaysia for Expatriates

Personal Income taxation in Malaysia is laid out in general terms under the Income Tax Act of 1967. In this article, we explain how expatriates should calculate their individual income tax in Malaysia. We highlight exceptions to tax rates and penalties for noncompliance.

INDIA BRIEFING

India’s GST Rates for Goods and Services Released ahead of July 1 Implementation

Effective July 1, 2017, the GST will serve as a single value added tax, replacing the current structure of multiple taxes. In this article, we report on the final GST Schedules released for goods and services by the GST Council, and analyze the possible impact on consumers and businesses.

INDONESIA BRIEFING

Indonesia Targets Maritime in OBOR Investment Push

The Indonesian Government has developed a deliberately “limited” portfolio of projects for Chinese businesses to invest in as part of the OBOR maritime routes. Indonesian Investment Coordinating Board (BKPM) chairman Thomas Lembong has confirmed that Indonesia would only offer infrastructure projects in a limited number of regions as the government had found that a lack of focus could make Chinese investors hesitant.

RUSSIA BRIEFING

Russia Connecting With India Via International North-South Transport Corridor

While all eyes have been on China concerning Silk Road developments and the so-called “One Belt, One Road” initiative, other countries have also quietly been engaging in massive infrastructure projects that essentially accomplish the same aims – interconnecting Eurasia. One of these ‘quiet’ projects is the plan to link India and Russia via the International North-South Transportation Corridor (INSTC).

SILK ROAD BRIEFING

Azerbaijani Banking Crisis Threatens To Spill Into Caucasus, EU & Central Asia

The International Bank of Azerbaijan (IBA) has defaulted on scheduled repayment loans and declared that it needs to restructure its debts. This has been followed by an immediate downgrading of IBA debt to Caa3, meaning the debt is now classed as “extremely risky”.

VIETNAM BRIEFING

Da Nang Emerging as Southeast Asia’s Next Startup Hub

Da Nang is emerging as one of the fastest growing startup cities in Southeast Asia. Read more for a breakdown of investment trends and government programs.

Dezan Shira & Associates Brochure
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.

An Introduction to Doing Business in ASEAN 2017
Doing Business in ASEAN introduces the fundamentals of investing in the 10-nation ASEAN bloc, concentrating on economics, trade, corporate establishment and taxation. We also include the latest development news in our “Important Updates” section for each country, with the intent to provide an executive assessment of the varying component parts of ASEAN, assessing each member state and providing the most up-to-date economic and demographic data on each.

An Introduction to Doing Business in China 2017
Doing Business in China 2017 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in January 2017, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.

An Introduction to Doing Business in Hong Kong 2017
Doing Business in China 2017 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in January 2017, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.

An Introduction to Doing Business in India 2017
An Introduction to Doing Business in India 2017 is designed to introduce the fundamentals of investing in India. As such, this comprehensive guide is ideal not only for businesses looking to enter the Indian market, but also for companies who already have a presence here and want to stay up-to-date with the most recent and relevant policy changes.

An Introduction to Doing Business in Singapore 2017
An Introduction to Doing Business in Singapore 2017 provides readers with an overview of the fundamentals of investing and conducting business in Singapore and outlines the city’s role as a trading hub within ASEAN. The guide explains the basics of company establishment, annual compliance, taxation, human resources, and social insurance in the city-state.

An Introduction to Doing Business in Vietnam 2017
An Introduction to Doing Business in Vietnam 2017 will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in this dynamic country.

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