31 MARCH 2021View in Browser
 
 
 
 
HEADLINES: China Cuts Business Tax until 2023 / Analysis of Wang Yi's Visit to the Middle East / Possible China-Russia US$200 billion Free Trade Deal / Vietnam Land Use Rights / Remitting Profits from Vietnam / Understanding Vietnam's Supply Chains / Foreign Investment in India's Tier-2 Cities / New India Audit Filing Deadline / India Cuts Digital Tax For Foreign Investors with an India Investment / Suez Canal Alternatives
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This week's primary foreign investment news
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CHINA
China Foreign Minister Wang Yi's Visit to the Middle East: Reports & Analysis
Full reports and analysis from Wang’s visits to Saudi Arabia, Turkey, Iran, United Arab Emirates, Bahrain and Oman, with a US$400 billion Cooperation Agreement signed with Iran.
 
China Extends Business Tax Cuts to December 2023
In the Announcement on Extending the Implementation of Some Preferential Tax Policies, tax breaks have been extended to December 31, 2023 and others to December 31, 2025, including favorable measures on one-time pre-tax deduction for newly purchased equipment and additional pre-tax deduction for enterprises’ research and development (R&D) expenses.
 
A US$200 Billion China-Russia Trade Deal On The Cards?
While global media has highlighted the China-Russia cooperation angle, nothing has yet surfaced about the future of the China-Eurasian Economic Union Free Trade Agreement. That was signed off in 2018, yet remains preferential, meaning no tariff reductions have yet been agreed to make the FTA meaningful. That could be about to change.
 
VIETNAM
Land Use Rights and Land Acquisition in Vietnam
Vietnam’s land use rights can be complicated for first-time business investors. In Vietnam, the land is collectively owned by people and administered by the government on their behalf. Therefore, under such a system, property owners cannot have full and legal ownership of land. Their rights are limited to land use rights permitted within the law.
 
Understanding Vietnam's Supply Chains in the Global Network
Various factors contribute to Vietnam’s successful transformation from an agricultural country into an important location for electronics manufacturing in Southeast Asia – such as proximity to China, competitive costs, adequate workforce, low wages, and tax incentives.
 
Remitting Profits In Vietnam: A Step By Step Guide
Whether it be a decision over the method of repatriation or when to take profits, the ways in which investors choose to approach the remittance process can have a significant impact on the quantity and timeframe under which profits will be accessible.
 
INDIA
Foreign Investment in India's Tier-2 Cities
India’s Tier-2 cities are well-connected to major metropolitan centers and are classified into tiers on the basis of population density. Increasingly, younger Indians are choosing to relocate to Tier-2 cities due to congestion and pollution in Tier-1 locations, thereby spreading out the talent market.
 
India Requires These Additional Company Disclosures By April 1 2021
From April 1, 2021, all companies must record audit trials of their accounts. The move will make tracking non-compliance by companies and willful defaulters easier for the government.
 
India's 2% Digital Tax Not Applicable To Foreign E-Commerce Companies With An Indian Subsidiary
Offshore e-commerce firms that have a permanent establishment in India or pay income tax in India are exempt from the two percent equalization levy - provided certain criteria are met.
 
RETHINKING THE SUEZ CANAL
The Suez Canal Alternative: The International North-South Transportation Corridor
With the Suez Canal blocked much of the past week, affecting up to US$30 billion worth of goods and creating massive logistics headaches, questions are being asked about future blockage scenarios and mitigation against the worst impacts. One option is already coming onstream – the International North-South Transportation Corridor.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
 
Recruiting in China in 2021: HR Planning and Talent Acquisition for SMEs (CN中文）
Seminar | April 1, 2021 | 3:00 PM - 4:30 PM | Nanjing, China
 
Path to Asia: Opportunities for Doing Business in India 2021
Webinar | April 07, 2021 | 3:30 PM India Time / 10:00 AM UK Time
 
The Rising Opportunities in Healthcare Industry in India​
Webinar | April 12, 2021 | 12:00 PM India Time / 2:30 PM Singapore Time
 
Sino-Italian Exchange of Biopharmaceutical Technology Enterprises 2021
Beijing, China | April 13, 2021 | 3:00 PM Beijing / 9:00 AM Rome
 
Crash Course on Doing Business in East China: New Opportunities in 2021
Webinar | April 13, 2021 | 4:00 PM China
 
Managing Key Risks and Common Issues for Sino-Foreign Joint Ventures
Webinar | April 14, 2021 | 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET
 
Opportunità commerciali e di investimento in ASEAN
Webinar | April 14, 2021 | 9:00 AM Rome
 
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
 
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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