From 8 January 2023, China dropped mandatory quarantine for inbound travelers and opened its borders. For the first time in 3 years, international travelers can utilise the 24/ 72/ 144 visa-exemption transit policy for short business trips. And Chinese nationals can freely travel aboard. For many European or American stakeholders with Chinese subsidiaries, the lifted…
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From January 1, 2023, the following tax changes apply: High-Technology Companies For those who purchased new equipment and appliances between October 1, 2022, and December 31, 2022, a lump sum deduction is allowed in the calculation of taxable income for the current year. 100% super-deduction before tax is allowed Research and Development (R&D) Expenses For…
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Amended Protection of Women’s Rights and Interests of the People’s Republic of China (‘Women’s Protection Law’) stipulates stronger obligations for employers to protect women’s rights. The revised Women’s Protection Law was adopted on October 30, 2022, by the Standing Committee of the 13th National People’s Congress. Effective from January 1, 2022, the Law brings sexual…
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The Thai Civil and Commercial Code Amendment Act (“Act”) alters the requirements on corporate governance and the constitution of private companies. The Act is effective from February 16, 2023. The main changes are as follows: Minimum number of shareholders The minimum number of persons to establish a private limited company(“Promoters”) is reduced from three to…
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Overview Increasingly in the business world, electronic signatures ('e-signatures') are ulitised to save time and shipping costs. For many companies, legal documents can be executed entirely online without having to meet in-person. Equally, technological advances have enabled securer tools to protect private and legal documents online. In Mexico, e-signatures are increasing used in online transactions…
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