India’s Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) to 15 September from 31 July 2025, due to structural changes and system updates. The CBDT said it has revised the Income Tax Return (ITR) Forms 1 to 7 for the tax year 2024-25 in order to simplify […]
Malaysia is set to become the driving force in shaping a more sustainable and inclusive future for the region, delegates at the recent 46th ASEAN Summit were told. According to International Islamic University Malaysia lecturer Prof Dr Zainal Abidin Sanusi, Malaysia’s consistent commitment to green policies and renewable energy initiatives sets it apart as a […]
Businesses operating in the UAE as unincorporated partnerships now have the option to be taxed as full legal entities – similar to companies – if they apply and receive approval from the Federal Tax Authority (FTA), the Ministry of Finance has announced. The change could open up new benefits for certain partnerships, including access to […]
India now fourth-largest economy in the world, overtaking Japan, according to the top Indian government public policy think-tank. BVR Subrahmanyam, chief executive of NITI Aayog, described the overall geopolitical and economic environment as “favourable to India”. He said: “We are the fourth-largest economy as I speak. We are a $4 trillion economy.” Citing IMF data, […]
China and other leading economies should deepen regional economic co-operation and defend the multilateral trade system, according to a senior trade expert. Zhao Zhongxiu, president of the University of International Business and Economics in Beijing, told the China Daily website that the United States’ current tariff-based economic policies, represent a unilateral attempt to rewrite global […]
The Malaysian government has launched the region’s first all-encompassing AI ecosystem which it says will ensure data is processed locally, safeguarding user privacy and data security. Ministry of Communications Deputy Minister Teo Nie Ching said the new Strategic Artificial Intelligence Infrastructure marks an important step in the country’s AI development. She said: “The special thing […]
The Indian government has approved a tranche of 187 start-ups for tax exemption under the revamped Section 80 of the IAC framework. With the latest approvals by the Department for Promotion of Industry and Internal Trade (DPIIT) more than over 3,700 Indian start-ups have now benefited from the scheme since its launch. The tax exemption […]
China has cut benchmark lending rates for the first time since October, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the global tariff wars. The rate cuts are aimed at stimulating consumption and loan growth while still protecting commercial lenders’ shrinking profit margins, […]
The adoption of new technology and tapping into new markets helped small businesses on the Chinese mainland hit a five-year-high performance levels in 2024, according to a new survey by CPA Australia, one of the world’s largest accounting bodies. Its recently released annual Asia-Pacific Small Business Survey found that 66% of small businesses on the […]
Dubai is to allow individuals and businesses to use cryptocurrency to pay for government services. Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform, to enable the payment of government services fees using cryptocurrencies. It marks a significant step in advancing digital finance on a global scale […]
