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[…]

Economic Overview The Principality of Monaco has encountered dynamic development over the most recent couple of years. As indicated by Monaco Statistics, after a log jam of – 3.4% in 2017, the Principality’s GDP developed by 6.1% in 2018 and crossed the EUR 6 billion mark. Development was generally led by the extension of specialized Read more about Country report Monaco[…]

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[…]

Economic Overview Mexico has an nominal GDP of roughly $1.15 trillion dollars, making it the fifteenth biggest economy on the planet. As far as GDP at buying power equality (PPP), Mexico’s $2.45 trillion economy makes it the eleventh biggest on the planet. Inside Latin America, Mexico is the second biggest economy, after Brazil. The economy Read more about Country Report Mexico[…]

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[…]

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[…]

Economic overview Malta is viewed as a high-income country. Thanks to it’s solid monetary establishments, large infrastructure projects and light local interest, the nation has risen up out of the euro territory emergency better than most EU Member States. In any case, the GDP became 4.4% in 2019 – against 7.3% in 2018 – and Read more about Country report Malta[…]

Economic Overview Regardless of the security emergency, Mali’s economy has stayed strong. In 2019, the nation recorded 5% genuine GDP development (driven by great gold and cotton creation), a spending deficiency of 3.1% of GDP, and 0.4% expansion. Open obligation was 35.5% of GDP toward the finish of 2018.  In any case, the economy remains Read more about Country report Mali[…]

Economic overview Maldives has immediately become a middle-income country, driven by the quick development of its travel industry and fisheries parts, however the nation despite everything fights with an enormous and developing financial shortfall. Framework ventures, generally supported by China, could add altogether to obligation levels. Political strife and the affirmation of a highly sensitive Read more about Country report Maldives[…]

Economic overview Bank Negara Malaysia (BNM) said for the current month that Malaysia’s monetary development, as estimated by Gross Domestic Product (GDP), is anticipated at between – 2% to 0.5% in 2020 against a profoundly testing worldwide financial viewpoint due primarily to the COVID-19 pandemic.  Apart from the pandemic, the domestic economy will also be Read more about Country report Malaysia[…]