Weekly Newsletter 2025 Vol.79
Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
👀 Premium News - Quick Overview in 3 Minutes
💡Weekly E-Newsletter
✈️ Hong Kong | Government Approves Air Passenger Departure Tax Increase
The government has welcomed the Legislative Council’s approval of the Air Passenger Departure Tax (Amendment) Bill 2025, raising the tax from $120 to $200 per passenger for tickets purchased from October 1. Expected to boost annual revenue by $1.6 billion, the increase, which has been outlined in the recent budget, is designed to balance fiscal needs with minimal impact on travelers. The bill will be officially published in the Gazette on June 6.
📨 Singapore | Inland Revenue Authority of Singapore’s (IRAS) Digital Notice
The Inland Revenue Authority of Singapore (IRAS) has digitized tax notices to enhance efficiency and promote environmental sustainability. Taxpayers can access notices instantly via the secure myTax Portal, receive timely SMS or email alerts, and manage up to three years of past notices online. Individuals subscribe using Singpass, while businesses use Corppass, with only authorized approvers able to update notification preferences. To ensure authenticity, always access notices directly through the myTax Portal.
📋 Taiwan | Mandatory Tax Agent Appointment for Taiwan Companies
As of August 1, 2024, Taiwan’s Ministry of Finance requires certain profit-seeking enterprises to appoint certified public accountants (CPAs) registered as tax agents to audit and certify their corporate income tax filings. This applies to financial institutions, publicly listed companies, businesses with tax-exempt income over NTD 50 million, enterprises involved in mergers under specific laws, and all others with annual income exceeding NTD 100 million. Non-compliance may lead to increased scrutiny by tax authorities. The regulation, based on Article 102 of the Income Tax Act, aims to strengthen tax compliance and transparency.
💰 Vietnam | VAT Cut by 2% on Select Goods and Services from July 1
On June 30, 2025, Vietnam’s National Assembly Chairman Trần Thanh Mẫn signed Resolution No. 204/2025/QH15, reducing the VAT rate from 10% to 8% for certain goods and services under Clause 3, Article 9 of VAT Law No. 48/2024/QH15, effective from July 1, 2025, to December 31, 2026. The reduction excludes sectors such as telecommunications, finance, banking, securities, insurance, real estate, metal and mining products (except coal), and items subject to special consumption tax (except gasoline). This policy aims to ease economic burdens and boost domestic consumption.
⚖️ Malaysia | Data and Compliance Report: Key Info [Issue 1 of 4]
The Data & Compliance Report (DCR) is a mandatory annual submission to Bank Negara Malaysia (BNM) by designated reporting institutions (RIs) under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001 (AMLA). It enables lawyers, accountants, company secretaries, estate agents, and dealers in precious metals or stones to assess their compliance with AML/CFT/CPF regulations and identify internal vulnerabilities. Firms not engaged in gazetted activities during 2022–2023 may declare non-applicability via the DNFBP portal, while exemptions apply to those under BNM review in 2024 or employed strictly within non-reporting entities.
📊 Dubai | DIFC Proposes Flexible Capital Company Rules to Attract Investment
The Dubai International Financial Centre (DIFC) has proposed new Variable Capital Company (VCC) Regulations to enhance investment structuring and asset management for proprietary investors. The VCC framework offers a flexible setup that can function as a standalone entity or an umbrella structure with segregated or incorporated cells. It features dynamic share capital linked to net asset value (NAV), allows capital-based distributions, and supports asset segregation for risk management, which makes it ideal for family businesses, high-net-worth individuals, and complex investment portfolios.
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<Hong Kong>
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Premia TNC July Holiday Notice
A month to bloom, grow, and celebrate how far we’ve come. The best is yet to come! 🌸🌞
🗞️Writer: Faraaz
🗞️Productor: Julia ⋅ Felice
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PREMIA TNC LIMITED / KORCHINA TNC CPA LIMITED
Founded in 2003, Premia TNC operates in Hong Kong, Singapore, Vietnam, Taiwan, Malaysia, Korea, and Dubai.
We provide consulting and accounting services, including corporate establishment, management, accounting, tax advice, and auditing.
Unit 706, 7/F, Tower 2, South Seas Centre, 75 Mody Rd, Tsim Sha Tsui, Hong Kong
TEL (+852) 6484 3419
[email protected]
