| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Real estate income for individuals in the UAE is generally excluded from Corporate Tax unless the activity requires a business license. Per a guide released by the Federal Tax Authority, joint ownership and the nature of property usage determine whether the income is taxable or excluded. | | | | | Saudi Arabia’s Civil Transactions Law, effective December 16, 2023, codifies Shari’ah principles and aligns with international standards, aiming to enhance legal certainty and attract investments as part of Vision 2030. | | | | | We briefly outline the frameworks, methods, and considerations for managing construction disputes in the UAE. | | | | | Entities with permanent establishment (PE) status of foreign companies in the UAE are ineligible for Small Business Relief (SBR) benefits as they are not considered resident persons under UAE Corporate Tax Law. Thus, foreign branches and representative offices in the UAE must fully comply with corporate tax regulations without claiming SBR relief. | | | | | The Arbitration Law (Law No. 2 of 2017) of Qatar aligns with international standards, supported by treaties like the New York and ICSID Conventions. However, it excludes labor disputes from arbitration and requires Prime Minister approval for administrative contract disputes, balancing global practices with national interests. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, November 12, 2024 | 1:00 PM GMT / 4:00 PM GST/ 5:30 P.M IST | | | | | Webinar | Thursday, December 5, 2024 | 9:00 AM Los Angeles / 12:00 PM New York | | | | | Webinar | Wednesday, November 13, 2024 | 4:00 PM China / 9:00 AM CET / 8:00 AM UK |
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