New Income Tax On Withdrawal Of The Funds
On November 27, the latest amendments to the Russian Tax Code came into force, in addition, certain provisions of the law will only come into force starting from January 1 next year.
The amendments were prepared as part of the reform of the tax system a...
New Regulation on E-commerce Registration
With the Christmas and New Year holidays soon approaching, the majority of Chinese consumer’s attention are however still affixed on 2 other non-official festivals: Double Eleven and Double Twelve. The booming development of E-commerce has lifted the curtain in order for the swift expansion of e-commerce op...
Luxury real estate in Italy: An excellent investment opportunity
The sales of luxury real estate continues to grow globally, showing an increase of 11% last year. However, the market in Italy has not moved on from the financial crisis and, considering the uncertainties that the Country is currently going through, the market remains in a dormant state.
Ease of Doing Business- India enters into the top 100 Rankings for the first time.
For the first time in its history, India
has moved into the top 100 rankings
of the World
Bank’s Ease of Doing Business global rankings thanks to a series of
sustained business reforms over the past several years and has placed itself at
the 77th spot. Commenting on this jump in ranks, Annet...
Why is the OFO Bike Deposit so Hard to Refund?
Recently, OFO Bike deposit refunds have given rise to intensive public attention. As of December 24, 2018, the number of people who have applied for a refund of the deposit at OFO has exceeded 13 million and this number is rapidly increasing. According to the "refund in order" rule, a large number ...
Vietnam sets high social-economic targets for 2019
Upon reaching a GDP of around 7%, 2018 has ended with quite a number of impressive accomplishments for Vietnam. However, the country aims for a more stable growth rate and higher targets in 2019, according to Mr. Nguyen Phu Trong, the President of the Socialist Republic of Vietnam, who requests for the coordination of specialized...
The Major Impact of the New Special Economic Zone for Russian Investment
The beginning of the year starts with the signing by Russian Prime Minister, Dmitry Medvedev, the Government Decree for the establishment of a new Special Economic Zone named ‘Center’ in the Voronezh region. According to the development plan of the region, engineering, transport and social infrastructure will all be sig...
Further updates for e-commerce company registration in China
On December 3 2018, the State Administration for Market Regulation (SAMR) issued an administrative circular (Opinions of the State Administration for market regulation on Working Effectively on the Registration of E-commerce Business Operators, hereinafter referred to as the "circular") clarifying certain aspects of...
The Impact of New E-Commerce Rules on Industry Main Players
New e-commerce rules have restricted big influencers from selling products from companies in which they have a stake, and capping the percentage of the amount of products that a vendor can sell through a marketplace entity (the IT platform of an e-commerce entity) or its group companies.
To curb the practice of these deep discount...
The new PRC Draft Foreign Investment Law
The NPC Standing Committee (NPCSC) published on 26 December 2018 a new Draft Foreign Investment Law (hereinafter referred to as “FIL”) for public comments, which may be submitted within February 24th, 2019.
The new draft law follows a previous version published in 2015, with which it shares the aim to further develo...