Building a global presence is a great goal – but it doesn’t happen overnight. Your business might be a real force in your original market, but that success won’t automatically be transferred into foreign markets. When companies expand internationally, they typically face significant challenges. Here are some of them, and …
India’s Budget 2021 Key Highlights
In the Union Budget presented by India’s Finance Minister Nirmala Sitharaman on 1st February 2021, few key proposals have been given to support the Corporates and the compliance regime which as follows: New version of MCA21 3.0 will be launched during the year 2021-22 which will include data analytics, artificial …
Labour Codes in India – An Overview – Industrial Relation Code
The year 2019 and 2020 saw the unification of the Indian labour laws into 4 labour codes segregating 29 central laws into 4 segments. This consolidation of laws as we know aims at bringing in ease of doing business. As India nears the implementation of the codes in the coming …
Abolition of Retrospective Taxes on Indirect Asset Transfers: A welcome measure by the Government of India
According to recent reports, Finance Minister Nirmala Sitharaman has introduced new legislation entitled the Taxation Laws (Amendment) Bill, 2021 on August 5 of this year in the Lok Sabha. The bill will amend the Income Tax Act of 1961, ensuring that no retrospective tax demands shall be raised against indirect …
All you need to know about Vietnam’s Decree 80 for SMEs
Small and medium-sized enterprises (SMEs) comprise a huge part of Vietnam’s economy – accounting for 50% of all employment and 98% of all enterprises. The 2018 Law on Support for Small and Medium Enterprises No 04/2017/QH14 did well to increase support for SMEs through government, organisation, and private-funded programs. However, …
A guide to the economy of Malaysia
Malaysia has evolved from an economy that focused on natural resources into one of Southeast Asia’s biggest economic powerhouses over the course of a few decades. Originally known for its rich natural commodities such as petroleum and palm oil, Malaysia has moved beyond these industries and branched into the world …
What you need to know about tax breaks issued by Vietnam: Resolution 406
The coronavirus pandemic has impacted every person and every country in the world. In Vietnam, there have been almost 1 million cases of the virus since the pandemic started. As a result, the government has put measures in place to help support businesses and individuals affected by the pandemic. If …
New amendments: UAE Commercial Companies Law of 2015
The landscape of how business is founded looks to be changing across the UAE following some major amendments to the Commercial Companies Law of 2015. Companies in the UAE can now be 100 per cent owned by a foreign national. Following a slew of amendments to the policy, foreign ownership …
Tax exemption for expenditure on COVID treatment & ex-gratia received on death due to COVID in India
The Indian Ministry of Finance has issued a Press Release on June 25, 2021, announcing tax exemption for the amount received by a taxpayer for medical treatment from the employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years. In addition, the exemption shall be …
Relief Measure: Extension of Due Dates for Tax Compliances in India
Indian Ministry of Finance has further extended the due dates for various tax compliances. In view of the impact of the Covid-19 pandemic, the Indian Ministry of Finance has further extended the due dates for various tax compliances including the due date of filing of the Statement of Deduction of …
Labour Codes in India – An Overview Code on Social Security
The year 2019 and 2020 saw the unification of the Indian labour laws into 4 labour codes segregating 29 central laws into 4 segments This consolidation of laws as we know aims at bringing in ease of doing business. As India nears the implementation of the codes in the coming …
Labour Codes in India – An overview Code on Wages
The year 2019 and 2020 saw the unification of the Indian labour laws into 4 labour codes segregating 29 central laws into 4 segments This consolidation of laws as we know aims at bringing in ease of doing business. As India nears the implementation of the codes in the coming …
Labour Codes in India – An Overview Occupational Safety, Health & Working Conditions Code
The year 2019 and 2020 saw the unification of the Indian labour laws into 4 labour codes segregating 29 central laws into 4 segments This consolidation of laws as we know aims at bringing in ease of doing business. As India nears the implementation of the codes, we brought to …
Union Budget 2021
On 30th January, Economic Survey 2020-21 was tabled by India’s Hon’ble Finance Minister (FM), Nirmala Sitharaman. PREFACE On 30th January, Economic Survey 2020-21 was tabled by India’s Hon’ble Finance Minister (FM), Nirmala Sitharaman. Dedicated to the immortal human spirit of grit and compassion of India’s frontline COVID-19 warriors, the Survey …