News

FDI to Thailand in 2024 led by projects in data centers, cloud services, semiconductor and advanced electronics manufacturing

The digital sector, which includes data centers and cloud services, topped last year for the first time the sectorial rankings by value with 150 projects worth a combined 243.3...

UK Self-Assessment Deadline for the 2023/2024 Tax Year: Key Points to Consider

As the self-assessment deadline for the 2023/2024 tax year approaches, it is crucial to ensure timely filing and payment to avoid penalties. The deadline for online submissions to HMRC...

New Double Taxation Convention between Italy and the People’s Republic of China ratified and executed

With the publication of Law No. 182/2024 in Official Gazette No. 283 on December 3, 2024, the new Double Taxation Convention between Italy and the People's Republic of China,...

China Clarifies Average Monthly Working Hours and Wage Calculation for Employees for the Full Year

On January 1st,2025, the Ministry of Human Resources and Social Security (MOHRSS) has issued the Circular on Issues Related to Average Monthly Working Hours and Wage Calculation for Employees...

China Promotes the Use of Digitalized Electronic Invoices Nationwide from December 1, 2024

The State Taxation Administration (STA) issued the Announcement on Promoting the Use of Fully Digitalized Electronic Invoices (the "Announcement") on November 12th, 2024, effective from December 1, 2024. According...

InvoiceNow: What Businesses Need to Know About Singapore’s New GST Compliance Guide

Singapore's Inland Revenue Authority (IRAS) has recently published a draft e-Tax Guide that could signal significant changes for GST-registered businesses. The guide outlines the adoption of InvoiceNow, a nationwide e-invoicing framework aimed...

UK-Based SMEs: Preparing for New Transfer Pricing Requirements

If your UK-based SME is expanding internationally without a solid Transfer Pricing (TP) policy, now is the time to act. At Diacron, we understand the challenges that multinational SMEs...

Announcement on Adjustments to Export Tax Refund Policies in China

On November 15th, 2024, the Ministry of Finance (MOF) and the State Taxation Administration (STA) issued the Announcement on Adjustments to Export Tax Refund Policies (the "Announcement"), effective from...

Are You Ready for the New UK Employment Law? Key Changes Every Employer Should Know

In October 2024, the UK government launched a groundbreaking Employment Rights Bill with changes that promise to reshape the workforce landscape. From pay adjustments and enhanced leave entitlements to...

UK Budget 2024: In-Depth Tax Analysis

The 2024 UK Budget introduced substantial tax changes, targeting capital gains, inheritance tax, non-domicile status, and employer obligations. Chancellor Rachel Reeves’s measures aim to raise £40bn in additional revenue...