Weekly Newsletter 2025 Vol.89
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 | Core Functions of the Business Tax Portal
The Business Tax Portal (BTP), part of the Inland Revenue Department’s eTax System, enables businesses to manage tax matters electronically. To use BTP, the Responsible Person, such as a company director, secretary, partner, principal officer, or sole proprietor, must first open a Business Account and verify their identity via iAM Smart, Tax Portal TIN & Password, or a Personal Digital Certificate. The Responsible Person appoints BTP Administrators, who can manage the account, appoint other Administrators or Authorized Users, and engage Service Agents through the Tax Representative Portal (TRP) to handle specific matters, including profits tax, business registration, and certificate of resident status.
🛠️ Singapore | Singapore to Boost Business and Workforce Resilience
The Singapore Economic Resilience Taskforce (SERT) has introduced new targeted measures to help businesses and workers adapt to global trade challenges arising from recent US tariffs. A two-year Business Adaptation Grant, launching in October 2025, will support exporters and firms with overseas operations through advisory services on trade compliance, supply chain optimization, and market diversification, as well as funding for reconfiguration costs. This complements existing schemes like the MRA, EDG, and EFS. Workforce measures include expanded career guidance, enhanced HR capability funding, and immediate job opportunities for fresh graduates, with ~2,400 vacancies in the Public Service.
🔑 Taiwan | Key Points for Sole Proprietors Transferring Inventory and Assets
When a sole proprietorship that issues Government Unified Invoices (GUI) changes its responsible person, the transfer of inventory and fixed assets from the original to the new responsible person is deemed a sale, requiring a GUI to be issued at fair market value with VAT declared and paid. Although the business registration number remains unchanged, the sole proprietorship is essentially an individual business, and the change represents a transfer of rights and obligations. For example, if Mr. Lin transfers Company A’s business, including inventory and fixed assets worth NTD1.2 million, to Ms. Li, he must issue a triplicate GUI for NTD1.2 million plus NTD60,000 VAT and declare it accordingly, while Ms. Li may claim the input tax deduction using the GUI.
⬆️ Vietnam | Vietnam Sees 27.3% Rise in FDI Inflows Over 8-Month Period
Vietnam attracted nearly $26.14 billion in foreign direct investment (FDI) in the first eight months of 2025, up 27.3% year-on-year, according to the National Statistics Office. Despite an 8.1% drop in capital for new projects, totaling $11.03 billion across 2,534 projects, the number of projects rose 12.6%. Capital for existing projects surged 85.9% to $10.65 billion, while capital contributions and share purchases climbed 58.8% to $4.46 billion. FDI disbursement reached $15.4 billion, the highest in five years for the period, up 8.8%. Singapore led with $3.06 billion in newly licensed projects, followed by China ($2.65 billion), Sweden ($1 billion), and Japan ($878 million).
📨 Malaysia | MBRS Enforcement and Reporting Transformation (Issue 4 of 4)
The compulsory enforcement of MBRS is a sign of change in Malaysia’s corporate reporting landscape, driving businesses toward greater transparency, compliance, and digital transformation. While initial challenges such as technical adaptation and staff training may arise, the long-term benefits, including streamlined reporting, enhanced financial analysis, and improved credibility, far outweigh the hurdles. With continued technological enhancements, MBRS is set to become an integral tool for businesses, supporting efficient compliance, promoting financial clarity, and strengthening Malaysia’s overall business environment.
👑 Dubai | UAE Economy Records Historic Growth in Q1 2025
The UAE’s economy maintained strong momentum in Q1 2025, with GDP rising 3.9% in real terms to Dh455 billion, driven by record non-oil output of Dh352 billion (77.3% of GDP). Manufacturing (+7.7%), finance and insurance (+7%), construction (+7%), real estate (+6.6%), and trade (+3%) were key growth drivers, with trade, finance, manufacturing, and construction contributing the largest shares to non-oil GDP. Officials highlighted the results as evidence of the nation’s resilience, diversification, and investor confidence, aligning with the UAE’s 2031 vision to build a knowledge- and innovation-based economy targeting Dh3 trillion GDP.
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Mastering E-Invoicing Compliance in Malaysia for 2025
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<Malaysia>
Date: Thursday, September 25, 2025, 2:00 PM GMT+8
Target companies:
Businesspeople navigating Malaysia’s evolving e-invoicing requirements can now gain clarity on when and how to make the switch. Stay ahead of regulatory changes, avoid costly compliance mistakes, and discover how our accounting software ensures a smooth, stress-free transition in Malaysia’s fast-accelerating e-invoicing landscape.
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Premia TNC September Holiday Notice
Hello September! A new month, a fresh start. Let’s embrace the opportunities ahead and make it unforgettable! 🌿💫
🗞️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]