| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | The US has imposed sweeping tariffs, hitting Indian exports with duties of up to 49 percent. Key industries like pharmaceuticals, textiles, and agriculture are likely to face disruptions in India's largest trade market. | | | | | Starting April 1, 2025, India’s Goods and Services Tax (GST) compliance landscape will undergo multiple changes. This includes mandatory multi-factor authentication for GST portal access, mandatory input service distributor registration, restrictions on E-Way Bill generation, and more. | | | | | Starting April 1, 2025, India will remove the six percent equalization levy, also known as the digital tax, on online services, including advertising, in a move aimed at reducing costs for major US technology firms such as Google (owned by Alphabet), Meta, and Amazon. | | | | | India has introduced an INR 229.19 billion (US$2.68 billion) Production Linked Incentive (PLI) scheme to enhance domestic manufacturing of passive electronics and reduce reliance on imported components. | | | | | India has emerged as a vital partner in Australia’s strategy to diversify its trade relationships and enhance economic security. In 2025, Australia introduced the New Roadmap for Australia’s Economic Engagement with India, a strategic plan focused on expanding trade and investment ties between the two countries. | | | | | India has made critical amendments to Form 3CD, a tax audit form. These changes, which take effect from April 1, 2025, impact businesses and tax professionals, making it essential to align tax audit procedures with the updated requirements. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | This issue of Investing in Malaysia provides a comprehensive analysis of the country’s key investment sectors, outlining growth trends, regulatory developments, and investment incentives. Designed for foreign investors, this guide explores how businesses can successfully enter Malaysia’s dynamic market while leveraging its competitive advantages. | | | | | In this issue of China Briefing Magazine, we examine how demographic shifts, technological advancements, and regulatory reforms are reshaping employment practices across the country and offer localized strategies for attracting and retaining talent in this dynamic market. | | |  |
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UPCOMING EVENTS FOR ASIA: | | | In-Person Meeting and Conference | April 8-11, 2025 | Madrid, Spain | | | | | Webinar | Thursday, April 10, 2025 | 9:00 AM Los Angeles / 12:00 PM New York | | | | | Webinar | Thursday, April 24, 2025 | 4:00 PM Vietnam / 5:00 PM Singapore / 11:00 AM CET |
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