June 20 2023
News
June 10 2023
Shanghai Issues Three-year Action Plan to Facilitate High-quality Development of the Manufacturing Sector
The Shanghai Municipal People's Government released on June 15, 2023 the Three-year Action Plan of Shanghai Municipality on Facilitating the High-quality Development of the Manufacturing Sector (2023-2025), setting out...June 5 2023
United Arab Emirates Clarifies Nexus for Non-Resident Legal Entities
The United Arab Emirates has clarified that any non-resident legal entity is deemed to be connected to the United Arab Emirates if it derives income from immovable property situated...June 3 2023
Hong Kong – Interest on Tax Reserve Certificates
The Government Gazette published today (June 2) contains a Legal Notice to the effect that the Secretary for Financial Services and the Treasury has authorised a change in the...June 1 2023
DMCC publishes latest “future of trade” report on gaming and esports
Gaming revenues are expected to almost double by 2027 from 2021 in the Middle East and North Africa (MENA) region, reaching USD 6 billion, according to DMCC’s latest Future...May 31 2023
United Arab Emirates Clarifies Rules Regarding Deduction of Interest for Corporate Tax Purposes
The Minister of Finance (MoF) has clarified the rules for limiting the general interest deduction for corporation tax (CIT) purposes. The ruling includes provisions on: the definition of interest, which includes, but is not limited...May 30 2023
China’s auto manufacturing industry logs steady expansion in Q1
China's automobile manufacturing sector reported stable output and revenue growth in the first quarter (Q1) of this year, data from the China Association of Automobile Manufacturers showed. The industrial...May 26 2023
China releases document on advancing elderly care system
Chinese authorities Sunday released a set of guidelines for facilitating the building of the basic elderly care system. The document, released jointly by the General Office of the Communist...May 24 2023
Singapore – Upcoming changes to Employment Pass eligibility
Singapore's allure derives not only from its promising business prospects but also from the wealth of talent it possesses. Ranked 2nd globally and 1st in the regional group in...May 17 2023