| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | The UAE e-invoicing mandate will be implemented in three stages from Q4 2024 to July 2026, starting with accrediting service providers, followed by legislative updates, and culminating in mandatory compliance for B2B and B2G transactions via the Peppol network. | | | | | The UAE Federal Tax Authority (FTA) has introduced a grace period from January 1, 2024, to March 31, 2025, allowing businesses to update their tax records without incurring administrative penalties. | | | | | 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. | | | | | Oman’s legislation allows 100 percent foreign ownership in educational institutions, which provides foreign investors with an attractive entry point into the market. | | | | | The Iqama is an official residency permit issued by the Saudi Arabia government, allowing foreign nationals to live and work in the Kingdom. |
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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 | Wednesday, November 20, 2024 | 1:00 PM UK / 5:00 PM Dubai / 6:30 P.M India | | | | | Webinar | Wednesday, November 27, 2024 | 2:00 PM CET / 5:00 PM GST | | | | | Webinar | Thursday, December 5, 2024 | 9:00 AM Los Angeles / 12:00 PM New York |
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