Disparities in China’s Regional Growth: A Look at H1 2019 GDP Data
China’s economy is experiencing a slowdown after years of rapid growth, but some provinces continue to outperform others. We discuss the factors behind the increase in regional disparities.
How to Transfer a Work Permit to a New Employer in China
Chinese work permits are tied to the employer, which means that when changing jobs, the work permit must also be transferred to the new employer. Here, we look at how to transfer work permits between employers.
The Companies Act in India, Customs Procedures in Russia, and Transfer Pricing in Vietnam – Asia Investment Brief
In this week’s Asia Investment Brief, we look at IP protection in Singapore’s healthcare sector, the Companies Act (Amendment) 2017 in India, customs procedures in Russia, the first Belt and Road bond, and transfer pricing in Vietnam.
EU Data Processing Law May Affect Hong Kong from May 2018: Are You Ready?
The EU has enacted two key regulations relating to data processing. When they come into full force, any company based in Hong Kong, or anywhere else for that matter, will need to have governance policies in place if they solicit or target, collect, store or process any data on a citizen of the EU.
New Data Localization Rule in China’s Cybersecurity Law to Impact HR
China’s new Cybersecurity Law, which will come into effect June 1, 2017, will affect how personal information, including HR data, is stored by foreign companies. In this article, we explore who is affected by the law, and look at data localization obligations and other impacts for foreign companies.
Transfer Pricing Investigation in China: Understanding the Latest Adjustments
China’s State Administration of Tax has issued new regulation for transfer pricing and special tax investigation adjustment, which came into effect on May 1, 2017. In this article, we look at the change in scope of the regulation, and its impact on foreign enterprises.
Asia Investment Brief: Cambodia’s 2017 FDI Outlook, Indonesia’s Palm Oil Sector, and Transfer Pricing in Vietnam
In this week’s Asia Investment Brief, we examine Cambodia’s 2017 FDI outlook, progress on India’s GST rollout, Indonesia’s upstream palm oil industry, Russia’s new high speed rail route, and landmark transfer pricing updates in Vietnam.
China Introduces Wide-Sweeping New Transfer Pricing Rules
On June 29, China’s State Administration of Taxation issued new transfer pricing rules for the country. Set to fundamentally change how China regulates transfer pricing, the new law forms part of China’s movement towards implementing stricter supervision on intercompany/related-party transactions.