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In compliance with regulatory requirements, companies mandated to prepare Transfer Pricing reports are obliged to submit the TP report within one month of the tax authority initiating an audit. The Tax Bureau has outlined the following key points for self-assessment:
In the Indo-Pacific Economic Framework for Prosperity (IPEF), 14 partners, including Vietnam, have just signed a clean economy agreement, focusing on collaborative efforts to transition to clean energy and combat climate change. IPEF's 14 partners currently account for about 40% of global GDP and 28% of global trade in goods and services.
On 19 Apr 2024, the Companies Registry (CR) had carried out an urgent maintenance due to the risk of personal data leakage identified in the e-Search Portal during routine work.
The Malaysia Digital Economy Corporation (MDEC), formerly known as Multimedia Development Corporation, stands as a testament to Malaysia's drive to bolster its position in the global digital landscape. This government agency, established to pioneer the transformation into a developed digital economy, plays a pivotal role in ensuring Malaysia remains at the forefront of global technological innovation.
In extension to our preceding Part 1 and Part 2 article regarding the companies' tax compliance, we are pleased to present the last part 3, which cover the remaining areas where IRAS compliance efforts will be focus.
If a company agrees on the sales in installment, however, the buyer terminates the purchase and stops paying the rest of the purchase, the company could do the following to adjust the excess amount of sales tax.
The need to leverage the hiring of local workforce should be implemented on a larger scale at the same time reduce the dependency of hiring foreign workers by offering free industrial training to them.
The "Factories and Industrial Undertakings Ordinance" is a set of guidelines to protect the safety and health of industrial workers.
In extension to our preceding Part 1 article regarding the companies' tax compliance, we are pleased to present Part 2, which cover the other areas where IRAS compliance efforts will be focus.
The company’s Deputy Managing Director Troy Griffiths said that Vietnam's economic outlook for 2024 is positive, with forecast GDP growth of 5.5% to 6.5%, placing the country among the top 20 fastest-growing economies globally. Foreign direct investment (FDI) inflows reflect robust growth, with newly registered FDI increasing 58% year-over-year, highlighting sound investor confidence and a vibrant industrial sector, he said.

Contact Us

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
Jessy Chan

Contact Number

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

Contact Number

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

Contact Number

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

Contact Number

Korea

Premia TNC Korea Limited

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

Contact Person

Jennifer Seo

Contact Number

China

Premia TNC (Xiamen) Limited

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

Contact Person

Vicky Lin

Contact Number

UAE (Dubai)

Premia TNC Corporate Service Provider LLC

Office #1825, Smarthub Community, 18th Floor, The One Tower, Barsha Heights Sheikh Zayed Road Dubai, United Arab Emirates, PO Box 450604

Contact Person

(English) Solomon Sayed - (+971) 58 521 9743
(Chinese) Vicky Lin - (+86) 1300 3999 391 / (+86) 1300 3901 967

India

Premia TNC India Limited

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

Contact Person

Hema Sehgal

Contact Number

Indonesia

Premia TNC Indonesia Limited

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

Contact Person

Indonesia PIC

Contact Number