04 April 2024View in Browser
 
 

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

 
 

INDIA EDITION
 
 
 

TOP STORIES THIS WEEK:

 
 
 
India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions
 
Invoking the MFN clause, India’s tax authority has notified that tax rates on royalties and fees for technical services will be limited to 10 percent under the India-Spain DTAA, as outlined in the India-Germany DTAA.
 
 
 
Investing in Assam State, India
 
We profile the investment climate of Assam, the largest state in India’s Northeast region, and an emerging semiconductor manufacturing base.
 
 
 
Outlook for the Flexible Workspace Sector in India
 
Amid changing work preferences and the expansion of nimble startups, flexible coworking spaces are forecasted to present a US$9 billion market potential in India by 2028, per a recent industry report.
 
 
 
India Hopes to Replace Minimum Wage with Living Wage Standard by 2025: What We Know
 
India is working with the ILO to establish a living wage standard that covers housing, healthcare, food, education, and clothing expenditure. The aim is to have this ready by 2025.
 
 
 
India’s ITR Forms for AY 2024–25: Key Updates
 
From April 1, e-filing mechanisms have been activated for ITR-1, ITR-2, and ITR-4 for FY 2023-24 (AY 2024-25). The last date for filing income tax returns for FY 24/AY25 is July 31, 2024, unless stipulated otherwise.
 
 
 

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COMPLIMENTARY BUSINESS RESOURCES:

 
 
Corporate Tax Planning for Businesses in Vietnam in 2024
 
 
Corporate Tax Planning for Businesses in Vietnam in 2024
 
Vietnam has a highly competitive tax structure, which has attracted foreign investors across a spectrum of industries. In this tax report by Vietnam Briefing, we discuss the country’s Corporate Income Tax system, key...
 
 
 
 
Inside India's Manufacturing Revolution: Strategies and Insights for Business Success
 
India is emerging as an important manufacturing destination in Asia due to several factors. We discuss market entry strategies for foreign companies and expansion strategies for local players aiming to attract foreign...
 
 
 
Unlocking ESG Reporting Requirements in Singapore
 
In this latest issue of ASEAN Briefing, we dive into the regulatory requirements of ESG reporting in Singapore before describing what needs to be included in an ESG report. Finally, we discuss the ESG core metrics...
 
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
Navigating Indian Tax Laws: Implications for Businesses in 2024
 
Webinar |Thursday, April 25, 2024 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
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