A Shanghai-based company ("Company A") secured a major contract from an Italian customer to supply a complete set of equipment and perform installation services. As Company A has no legal entity or operational presence in Europe, it subcontracted the entire project to a ...

China's Value-Added Tax Law ("VAT Law") and its Implementing Regulations came into force on 1 January 2026. Subsequently, the Ministry of Finance and the State Taxation Administration issued a series of supporting announcements to ensure smooth implementation.

In a significant step towards deepening India's capital markets and enhancing the country's attractiveness as a global investment destination, the Union Minister for Finance and Corporate Affairs, in the Union Budget for FY 2026–27, announced a series of measures aime...