Country report Montenegro

Economic overview Montenegro has a moderately delicate economy which is changing to a market framework and depends on money related ventures, particularly in the vitality and the travel industry divisions. The country’s economy developed by 3.6% in 2019 (from 5.1% one year prior), generally because of foundation venture for the initial segment of the motorway Read more about Country report Montenegro[…]

Country report Myanmar

Economic overview The COVID-19 pandemic has intruded on Myanmar’s financial expansion, and keeping in mind that Myanmar is relied upon to barely get away from a downturn, helped by a solid beginning to the monetary year, strategy reactions, and the restricted sickness flare-up, the development recuperation is at incredible hazard.  Recent developments Because of the Read more about Country report Myanmar[…]

Country report Mongolia

Economic Overview In 2020 Mongolia’s economy is probably going to slow down primarily because of the antagonistic effects of the COVID-19 worldwide pandemic. Monetary development debilitated to 5.1% in 2019 from 7.2% in 2018 and 5.4% in 2017 basically determined by a drowsy exhibition of the mining part following declining ware costs and lower nature Read more about Country report Mongolia[…]

Interpretation of the taxation policy from the Ministry of Finance on foreign-funded enterprises

In the early days of reform and opening up, the taxation system implemented in China was relatively complicated. Generally speaking, it was two sets of taxation systems. A foreign-related taxation system was adopted for foreign-funded enterprises, and a taxation system was also adopted for domestic-funded enterprises. In the early stage, domestic-funded enterprises were divided into Read more about Interpretation of the taxation policy from the Ministry of Finance on foreign-funded enterprises[…]

Country Report Moldovia

Economic Overview Even before the COVID-19, the economy eased back forcefully in the last quarter of 2019. Growth in 2019, at 3.6 percent, was supported by solid local interest drove by wage expands, settlements, credit extension and rising open spending. However development declined pointedly to 0.2 percent in the last quarter, as horticulture and power Read more about Country Report Moldovia[…]

Preferential tax policies for foreign personnel and foreign-funded enterprises in China

What tax benefits do foreigners have in China The personal income tax exemption items listed in Article 4 of the Personal Income Tax Law include the income of diplomatic representatives, consular officials and other personnel of various embassies and consulates in China that are exempt from tax in accordance with the relevant laws of our Read more about Preferential tax policies for foreign personnel and foreign-funded enterprises in China[…]

Country report Mauritius

Economic overview Real GDP development was moderate yet consistent, averaging 3.8% during 2015–19. Development was for the most part determined by financial services, retail and wholesale trade, and data and interchanges innovation. Gross domestic product per capita inclined upward, arriving at an expected $10,200 in 2019 — the third most elevated in Africa after Equatorial Read more about Country report Mauritius[…]