In recent years, China has faced significant challenges in managing and maintaining its rapidly growing urban infrastructure. As residential buildings age and require upkeep, the Chinese government has implemented a system known as "Housing endowment fund" to address these ...

Offshore payment tax filing is a prerequisite for banks to process applications for cash remittances that exceed a specific limit and meet certain criteria. Currently, when an individual or organization in China makes a single payment of more than the equivalent of USD 50,0...

India's Ministry of Finance, faithful to the promises made in the Union Budget 2024-25, introduced sweeping changes to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. This move, encapsulated in the Fourth Amendment to these rules, is more than ju...