India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.
The Economic Survey of India 2023-24 presented by finance minister Nirmala Sitharaman shows India on a "strong wicket and stable footing". We look at the GDP growth projections and macroeconomic data for FY25.
Changes in capital gains tax rates and holding periods will take effect on July 23, 2024, except for gold and international funds. The changes to long-term capital gains will come into effect starting April 1, 2025.
The decision by India to abolish the 2 percent equalisation levy while retaining the 6 percent equalisation levy on online advertising revenues aligns with the country’s global commitments under the OECD’s Pillar Two framework.
Internal discussions are ongoing about further liberalizing FDI policies. In the meantime, the Department for Promotion of Industry and Internal Trade (DPIIT) will establish strict timelines for various government agencies and departments to expedite the clearance of FDI proposals in prioritized sectors
This publication examines Singapore's 2024 business landscape: economic trends, strategic advantages, and investment opportunities for foreign firms in this key Asian hub.
The Guide to HR Compliance and Best Practices in China explains key considerations for foreign employers from hiring to staff management and compliance with legislative updates and data security laws.
