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2010, Mar 21

Tax

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Tax

China, Taiwan Swap Lists of Goods Eligible for Lower Tariffs
19-Mar-10
Taiwan plans to sign the proposed economic cooperation framework agreement (ECFA) with China in June this year, following the exchange of initial lists of products qualified for lower tariffs.
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China Tightens Regulation for Establishment of Representative Offices
16-Mar-10
The new regulation sets a higher threshold for the establishment of a RO, effectively restricting the establishment of ROs by newly set-up foreign companies.
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OECD: Action on Jobs, Taxes Must Replace Crisis Management
12-Mar-10
Strengthening our economies for the future in key areas such as jobs, competition and taxation must now replace crisis management, says the OECD’s latest report.
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India to Grow Tax Information Exchange Network
10-Mar-10
India is seeking to expand its Tax Information Exchange Agreement (TIEA) network with countries it considers high priority.
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Taiwan's Gov't Eyes Tax Breaks for Shipping Industry
05-Mar-10
Taiwan's government plans to exempt foreign companies from paying the business income tax when keeping and/or reprocessing their merchandise in any of the free ports, prior to subsequent re-shipping abroad.
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South Korea, Switzerland Mull Exchange of Tax Information
04-Mar-10
South Korea and Switzerland plan to add a provision for the exchange of tax information to the existing double taxation agreement (DTA) between the two nations.
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South Korea, Turkey Set for FTA Talks
02-Mar-10
South Korea is expected to enter into the initial phase of talks with Turkey next month regarding a free trade agreement between the two nations.
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Hong Kong Government’s Budget Too Cautious for Business, say Accountants
02-Mar-10
The government’s budget announced last month is too cautious given the economic recovery, the fiscal measures are mainly short-term and one-off, and the budget does not sufficiently address long-term tax competitiveness, according to the Hong Kong Institute of Certified Public Accountants.
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Korean Insurers to Adopt IFRSs in April Next Year
02-Mar-10
The Financial Supervisory Service (FSS) has announced that under the national roadmap for the IFRS adoption, domestic insurers will transition to the IFRSs beginning April next year when the fiscal year 2011 begins.
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Taiwan President Seeks Early Signing of Economic Pact with China
01-Mar-10
Taiwan's economic future rests on the economic cooperation framework agreement (ECFA) with China, says Taiwan President Ma Ying-jeou, who wants the deal signed during the first half of this year.
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