Weekly Newsletter 2025 Vol.100
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 | Understanding Holiday Journey Benefits Under Salaries Tax
In Hong Kong, personal tax generally refers to salaries tax, which includes holiday journey benefits. Any employer-paid vacation costs are taxable, including long-service travel awards and school passage allowances. For trips with both business and holiday purposes, the IRD assesses the trip’s primary purpose. Genuine business trips with incidental leisure are not taxed, but identifiable holiday portions are taxable. When holiday and business expenses are clearly separable, only the holiday costs are taxed, otherwise, the IRD allocates taxable amounts using a “holiday-days” basis.
🖥️ Singapore | AWS Outage Highlights Vulnerabilities of Cloud Computing
An October 20, 2025, outage at an AWS data center in Northern Virginia disrupted thousands of services worldwide, highlighting the risks of relying on a few dominant cloud providers. With AWS, Azure, and Google Cloud controlling most of the market, businesses face single points of failure and vendor lock-in challenges. Experts warn that this centralization also raises geopolitical and data sovereignty concerns. To strengthen resilience, companies are encouraged to adopt multi-cloud strategies and integrate edge computing to reduce dependence on any one provider.
💸 Taiwan | Business Tax Treatment of Compensation and Penalty Fees
The Ministry of Finance of Taiwan clarified that compensation or penalty fees arising from the sale of goods or services are taxable under the Business Tax Act, as they form part of the sales amount. Businesses must issue a Government Uniform Invoice (GUI) and declare VAT for such fees when they relate to sales activities, while non-sales-related fees are not taxable. Companies may voluntarily correct underreported sales and pay the related tax before an investigation to qualify for penalty relief under Article 48-1. For example, late-payment penalties for delivered goods are considered taxable sales revenue.
🌲 Vietnam | French Energy Giant to Invest $500M in Vietnam’s Green Projects
On November 20, Vice Chairman of Ho Chi Minh City People’s Committee Bui Xuan Cuong met with representatives of France’s HDF Energy to discuss cooperation on green hydrogen projects. HDF Energy, which opened a Hanoi office in 2022, plans to invest about USD 500 million in Vietnam and is exploring projects in renewable energy, transport, and green port development. The company aims to develop hydrogen-powered river buses on the Saigon River and other green infrastructure. City leaders welcomed the proposals and affirmed their commitment to supporting HDF Energy’s investments to advance Ho Chi Minh City’s green transition.
💡 Dubai | UAE and South Korea Forge Stronger Economic Alliance
The UAE and South Korea strengthened their growing strategic partnership during a high-level roundtable in Abu Dhabi on November 19, 2025, held as part of President Lee Jae-myung’s official visit. Led by senior government officials and major business leaders from both nations, the forum highlighted shared goals in economic growth and technological innovation. Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan welcomed President Lee and emphasized the UAE’s commitment to deepening collaboration, noting that the two countries are poised to accelerate progress by combining Korean innovation with Emirati vision for sustainable, knowledge-driven development.
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Taiwan Webinar | Making Taiwan Work Visa Applications Effortless for Employers and Applicants
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<Taiwan>
Date: Tuesday, December 23, 2025, 2PM – 3PM
Target Audience:
Employers and business leaders seeking to hire foreign professionals in Taiwan can gain clarity on eligibility criteria, required documentation, and the most effective ways to manage work visa applications. Stay updated on policy changes, understand what both companies and applicants must prepare, and discover when expert support can simplify the process, ensuring a smooth, successful relocation experience for your international hires.
Premia TNC December News
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Premia TNC December Holiday Notice
Hello December! A month of warmth, wonder, and wrapping up the year with heart. Let’s embrace the twinkling lights, fresh hopes, and every little moment that makes this season magical. ❄️✨
🗞️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]