Weekly Newsletter 2025 Vol.85
Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
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💡Weekly E-Newsletter
🏦 Hong Kong | Inland Revenue Department Unveils Three New eTAX Portals
The Inland Revenue Department (IRD) has launched three new eTAX portals, the Individual Tax Portal (ITP), Business Tax Portal (BTP), and Tax Representative Portal (TRP), to enhance efficiency and user experience in electronic tax services. The ITP enables individuals to file returns, update personal details, and view tax positions via desktop or the new eTAX mobile app; the BTP streamlines business tax filings and registration; and the TRP supports tax service agents in managing clients’ tax matters and compliance. Existing eTAX user profiles have been migrated to the ITP, and businesses and agents are encouraged to register early for secure, convenient, and eco-friendly tax management.
🎆 Singapore | MAS Showcases Collaborative Leadership at Singapore FinTech Festival
Singapore has established itself as a leading global FinTech hub, driven by the strategic leadership and collaboration of the Monetary Authority of Singapore (MAS). Central to this ecosystem is the Singapore FinTech Festival (SFF), the world’s largest FinTech event, organized by MAS and Elevandi with partners, drawing over 60,000 participants from 130+ countries. MAS fosters innovation through cross-border partnerships, regulatory sandboxes, and funding schemes like the Financial Sector Technology and Innovation (FSTI) program, alongside initiatives such as Project Dunbar and GFIN to scale solutions internationally. By uniting government, industry, and global stakeholders, Singapore advances a smart, green, and inclusive financial ecosystem, showing that its FinTech leadership is built on collaboration across industries, sectors, and borders.
🔒 Taiwan | Deduct Input Tax in the Period of Purchase Returns or Allowances
The Ministry of Finance (MOF) has clarified that under the Value-Added Tax (VAT) Act, if a business claims input tax for purchases used in its main or ancillary operations but later returns the goods or receives allowances, the refunded input tax must be deducted in the VAT filing period when the event occurs. Failure to do so results in overstated input tax and underreported VAT. Businesses that overlook this may voluntarily correct their filings and pay the shortfall to the National Tax Bureau before investigation to avoid penalties under Article 48-1 of the Tax Collection Act, though interest will still apply. For example, if Company A purchased equipment in March 2025, claimed the VAT deduction, and returned it in May 2025 due to defects, it must deduct the refunded VAT in the May–June filing period.
💸 Vietnam | Ho Chi Minh City Attracts $6.19 Billion in FDI
On August 9, the Ho Chi Minh City People’s Committee, chaired by Nguyen Van Duoc, reported that by the end of July 2025, the city had attracted about USD 6.19 billion in foreign direct investment (FDI), a 45.6% year-on-year increase, through new investment registration certificates, capital adjustments, and foreign capital contributions, share purchases, and capital repurchases in domestic enterprises. This included 1,073 new projects worth USD 1.29 billion, 296 existing projects with an additional USD 2.37 billion, and 1,323 cases of capital contributions and share purchases totaling USD 2.52 billion. The surge was partly driven by the merger with FDI-strong provinces Ba Ria–Vung Tau and Binh Duong. In the first seven months, the city also hosted 30 domestic and foreign delegations, organized 86 trade and investment promotion activities, and held numerous events, exhibitions, and forums to attract investment in key industries and projects.
✉️ Malaysia | Stamp Duty Exemption for Certain Employment Contracts
Starting 1 January 2025, Malaysia’s Inland Revenue Board (HASiL) began enforcing the Stamp Duty Audit Framework (RKADS) under the upcoming Self-Assessment Stamp Duty System (STSDS), which will be fully implemented from 1 January 2026. Employers, HR professionals, and business owners must note that employment contracts are subject to an RM10 stamp duty under the Stamp Act 1949. Contracts finalized before 1 January 2025 are exempt with no penalties; those signed between 1 January and 31 December 2025 must be stamped by 31 December 2025 to avoid penalties; and from 1 January 2026 onward, penalties will apply for late stamping. SMEs and HR teams should act promptly to ensure compliance and avoid financial risks.
🪐 Dubai | Dubai Aerospace Enterprise Posts $843.6M Revenue in H1 2025
Dubai Aerospace Enterprise (DAE) reported a strong first half of 2025, with revenue up 24% year-on-year to $843.6 million, driven by improved profitability and the $2 billion acquisition of Nordic Aviation Capital (NAC). Profit before tax surged 228% to $506.8 million, the pre-tax margin rose to 25.7%, and operating cash flow reached $659 million, while total assets grew to nearly $16 billion. The NAC acquisition expanded DAE’s fleet to about 750 aircraft, a 50% increase, through the purchase of 236 aircraft and sale of 35, reinforcing its position as a leading global aviation lessor. CEO Firoz Tarapore said front-office integration is complete, with full integration of remaining systems on track for this quarter.
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<Taiwan>
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Premia TNC August Holiday Notice
August is here — a time to reflect, refresh, and reach for new heights. Let’s embrace the warmth of this month and continue shining brighter than ever before. The journey is just getting started! 🌻☀️
🗞️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]