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Malaysia – Reporting on Employment Compliance in Malaysia [Issue 1 of 2]
In the rapidly changing economic environment of Malaysia, effective management of payroll systems is essential for the success of any business. The complexities of Malaysian payroll encompass a wide range of legal and financial duties, requiring a comprehensive understanding and careful management to ensure adherence to regulations and to improve employee satisfaction. This article provides an in-depth look at the obligations and requirements of payroll in Malaysia, offering crucial insights for employers and HR professionals.
Reporting on the operating results of export processing zones and industrial parks in the first 6 months of 2024, Ms. Nguyen Thi Lan Huong, Chief of Office of the Management Board of Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) said, the total capital Attracted investment, both newly granted and adjusted, reached about 272 million USD, reaching nearly 50% of the year's plan (550 million).
This card is an open work permit issued to employment-seeking individuals that require neither pre-confirmed hiring by nor application through any employer.
Employers have a statutory obligation to submit their employees’ 2023 employment income information to the Inland Revenue Authority of Singapore (IRAS) by 1 March 2024, ahead of the tax filing season. This applies to employers who are already on the Auto-Inclusion Scheme (AIS), or have 5 employees or more in 2023. Non-compliance is an offence under the Income Tax Act.
The Greater Bay Area “the GoGBA” Seminar for Accounting Sector was co-hosted by the Hong Kong Trade Development Council (HKTDC) and the Guangdong-Hong Kong-Macao Greater Bay Area Development Office (GBA Office) of the Constitutional and Mainland Affairs Bureau to launch the "GoGBA Sector Series". The seminar's strategic partner, the Hong Kong Institute of Certified Public Accountants, concentrated on how to advance the accounting field in Hong Kong within the Greater Bay Area (GBA).
Singapore Regains Top Position in Global Competitiveness Ranking After Three Years...
Malaysia's corporate tax structure is strategically set to draw foreign investment while ensuring that domestic companies contribute their fair share. The prevailing corporate tax rate stands at 24%. However, resident small and medium-sized enterprises (SMEs) benefit from a reduced rate on the first RM600,000 of taxable income, highlighting the government's dedication to nurturing SME growth.
According to data recently announced by the Foreign Investment Agency (Ministry of Planning and Investment), total foreign investment capital registered in Vietnam in the first 6 months of the year reached nearly 15.2 billion USD, an increase of 13.1% over the same period last year. 2023.
Singapore has reclaimed its position as the world leader in competitiveness, topping the IMD World Competitiveness Ranking in 2024 after a three-year hiatus. Previously ranking first in 2020, Singapore slipped to fourth place but has now surged past rivals like Switzerland and Denmark, who had been contending for supremacy.
In order to strengthen the international competitiveness of country's industries and consolidate the core position of the global supply chain, on January 19, 2023, government announced the addition of Article 10-2 of Statute for Industrial Innovation(產業創新條例) .
The Census and Statistics Department (C&SD) of HKSAR conducts several of mandatory and voluntary surveys for different specific purposes regularly. All surveys are conducted under the Census and Statistics Ordinance which empowers the Commissioner of C&SD to carry out the surveys.

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Hong Kong

PREMIA TNC LIMITED

Unit 706, 7/F, South Seas Centre Tower 2, No.75 Mody Road, Tsim Sha Tsui, Hong Kong

Contact Person

Irene Tsang
Aeris Lam

Contact Number

Singapore

Premia TNC (Singapore) Pte. Ltd.

8 Marina View, #39-04 Asia Square Tower 1, Singapore 018960

Contact Person

Amy Tan
Luis Wong

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Taiwan

Premia TNC (Taiwan) Ltd.

18F-2, No.163, Sec. 1, Keelung Rd, Xinyi Dist, Taipei City 110, Taiwan (R.O.C)

Contact Person

Vickie Chang

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Vietnam (Hanoi)

Premia TNC (Vietnam) Co. Ltd.

4/F, Epic Tower, Alley 19, Duy Tan Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, Vietnam

Contact Person

Vincent Truong

Contact Number

Vietnam (Ho Chi Minh)

Premia TNC (Vietnam) Co. Ltd.

3/F, Sonatus Building, 15 Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Contact Person

Vincent Truong

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Malaysia (Johor Bahru)

Premia TNC (Malaysia) Sdn. Bhd.

G-05, Residensi Eko,Jalan Eko Botani 3/5, Taman Eko Botani, 79100 Iskandar Puteri, Johor Darul Takzim, Malaysia.

Contact Person

Lily Lim

Contact Number

Malaysia (Kuala Lumpur)

Premia TNC (Malaysia) Sdn. Bhd.

Suite 6-1, Level 6, Lobby A, Wisma UOA II, No. 21 Jalan Pinang, 50450 Kuala Lumpur

Contact Person

Mandy Siew

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Korea

Premia TNC Korea Limited

5F, K-Square, 161 Yanghwa-ro,
Mapo-gu, Seoul, South Korea

Contact Person

Jennifer Seo

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China

Premia TNC (Xiamen) Limited

Room 2501, Ocean Mansion, No.268 Lujiang Road, Siming District, Xiamen, Fujian, China

Contact Person

Vicky Lin

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UAE (Dubai)

Premia TNC (Middle East) - FZCO

Dubai Silicon Oasis, DDP, Building A1, Dubai, United Arab Emirates

Contact Person

Irene Tsang
Catherine Kim

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India

Premia TNC India Limited

A40, Sector80, PhaseⅡ, Noida, Dist.Gautam Budha Nagar, UP 201305 India

Contact Person

Hema Sehgal

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Indonesia

Premia TNC Indonesia Limited

One Pacific Place 15th Floor
Jl. Jend. Sudirman Kav.
52-53 Jakarta 12190 Indonesia

Contact Person

Indonesia PIC

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