Inside this issue, Mandy Liu at AGN Member Fiducia in China provides insight into the impact of electronic invoices on China Enterprises. Rohan Kochhar at AGN Member Firm Vikas Kochhar & Associates in India provides insight into capital gains of non-residents.
China: Impact of Electronic Invoices on China Enterprises
The Chinese expanded the pilot program in 2022 to start issuing and accepting fully digitalized e-fapiao across the country. Fully digitalized e-fapiao will reduce the tax administration cost, bring efficiency to taxpayers and also improves the tax supervision system. In this issue of Taxpresso, we summarize the fully digitalized e- fapiao’s implications for companies doing business in China. Download the publication below to read more.
India: Capital Gains of Non-Residents
Angel tax, also known as the “angel investment tax,” refers to a tax provision in India that affects startups and angel investors. It was introduced in 2012 as part of Section 56(2)(viib) of the Income Tax Act, 1961, and aimed to curb money laundering and discourage the use of unaccounted funds. Download the publication below to read more.