UAE to introduce federal corporate tax on business profits from 2023

2022-02-04 12:08:18

The UAE Ministry of Finance has set a rate of 9 per cent for taxable income exceeding AED 375,000 / USD 112,110 (USD 1 : AED 3.6725). The UAE will introduce a federal corporate tax on business profits from the financial year starting on or after Jun...(more)

The key message of the IMF’s annual Article IV review of the economy

2022-01-28 16:56:06

  While China’s many challenges have no easy answer, the key message of the IMF’s annual Article IV review of the economy is that rebalancing toward a more consumption-based model will boost growth prospects in the sh...(more)

UBS report for 2022

2022-01-14 13:55:48

  UBS report for 2022 pointed out that 2022 will be a year of two halves, with high rates of economic growth and inflation in the first half, then lower growth and inflation in the second.  In the decade ahead, investors should seek oppor...(more)

HSBC outlook for the first half of 2022

2022-01-14 13:36:42

  HSBC Strategy Research report pointed out that if economic growth rebounds in line with or above expectations, it will open the door to "pretty aggressive" policy tightening by the Federal Reserve. On the other hand, the Fed is unlikely to ...(more)

The World Bank expects global growth to slow to 4.1% in 2022

2022-01-13 12:56:21

The World Bank expects global growth to slow to 4.1% in 2022, and the slowdown in global growth will continue into 2023, with developing economies "hard landing" due to the continued outbreak of the new crown epidemic, reduced financial support from ...(more)

Taiwan Tax Revenue might hit record high in 2021

2022-01-06 17:41:23

The Ministry of Finance announced that the total tax revenue for the period from January to November of 2021 reached a record high of TWD2,710.1 billion (about USD100 billion), an annual increase of 21.1%. It is estimated that the annual tax revenue ...(more)

The Central Bank of Taiwan starts to make a move to block property speculation

2021-12-21 17:22:11

  The Central Bank of Taiwan schedules to meet a few major banks’ supervisors to understand the situation of real estate development loans, especially when the bank undertakes land purchase loans and those developers have intentionally de...(more)

DiDi Global Inc. would delist from the New York Stock Exchange

2021-12-16 13:52:38

DiDi Global Inc. would delist from the New York Stock Exchange   Didi Global, Inc. (ticker: DIDI) operates mobility platform that provides ride hailing and other related services. DiDi Global Inc. would delist from the New York ...(more)

The Ministry of the Interior propose severe penalty to fight real estate speculation, maximum fines of TWD 50 million and 3 years of imprisonment

2021-12-10 13:22:11

  The Ministry of the Interior propose to amend "Equal Land Rights Regulations" and the "Regulations on the Administration of Real Estate Brokerage Industry" to fight real estate speculation.   First, to transfer the property pre-sale co...(more)

The People's Bank of China cuts its RRR by 0.5%, releasing 1.2 trillion yuan in long-term funds

2021-12-07 13:07:26

The People's Bank of China decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, t...(more)


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