News

China’s foreign trade up 5% in Q1, hits new records

China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and...

Upcoming changes to the Employment Pass (EP) in Singapore

As previously indicated in communications from the Ministry of Manpower (MOM), effective September 1st, 2024, EP holders with expiring passes must not only meet the EP qualifying salary requirement...

Thailand BOI Expands PCB Manufacturing Incentives to Cover the Entire Supply Chain

The Thailand Board of Investment (BOI) approved on 28 March incentives to attract the organization in the country of large international concerts, sporting events, and festivals that support the...

China Policy Support Measures to Attract Foreign Investment

The Chinese government released the Circular of the State Council on Issuing the Action Plan on Solidly Promoting High-level Opening-up and Intensifying Efforts to Introduce and Utilize Foreign Investment,...

India-EFTA Trade and Economic Partnership Agreement

India-European Free Trade Association signed a Trade and Economic Partnership Agreement (TEPA) on 10th March 2024. India has been working on a Trade and Economic Partnership Agreement (TEPA) with EFTA...

Reforms for legal entities in the UK

Starting from March 2024, significant changes to the legislation on legal entities in the United Kingdom have come into effect under the "Economic Crime and Corporate Transparency Act" enacted...

US, President Biden’s Proposals in Sweeping State of the Union Address

In his final State of the Union address for his first term as President on 7 March 2024, Joe Biden proposed sweeping tax proposals that he plans to deliver in...

UK Spring Budget 2024: Tax Reforms and Economic Measures

The UK Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget speech to the House of Commons on 6th March 2024, unveiling a series of pivotal measures outlined...

Federal Tax Authority Publishes Tax Guide on Partnerships

The Federal Tax Authority (FTA) has recently published the tax guide on partnerships (the guide). The guide provides the following: a general understanding of how corporate tax law treats partnerships; information...

Hong Kong, Tax measures proposed in 2024-25 Budget

In his Budget delivered on February 28, the Financial Secretary proposed the following tax measures. A one-off reduction of profits tax, salaries tax and tax under personal assessment for...