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[#22] Weekly Newsletter 2024 Vol.22 (Hong KongㅣSingaporeㅣTaiwanㅣVietnamㅣMalaysia)🤝
The Government Welcomes the Passage of the Inland Revenue (Amendment)...
In this edition of our newsletter, we examine the Limited Liability Partnership (Amendment) Bill 2023, spotlighting the objectives of the proposed amendments and the associated policy clusters.
The Management Board of Binh Duong Industrial Zones (BDIZA) has just announced data that in the past 5 months, Binh Duong has granted 58 new projects with a total registered capital of more than 270 million USD to FDI enterprises, 210 FDI projects adjusted to increase capital by more than 250 million USD. Cumulatively to date, industrial zones in Binh Duong have attracted over 3,130 projects, of which FDI projects account for nearly 80% with a total registered capital of 29.7 billion USD. Accordingly, as of May 2024, Binh Duong has attracted nearly 4,300 FDI projects with a total investment capital of nearly 40.6 billion USD from 65 countries and territories, ranking 3rd in the country after Ho Chi Minh City and Hanoi.
If you want to run your own business, the first thing to consider is whether you need a physical address. For businesses requiring a physical presence, it is advisable to register the company address at the actual business location. Tax authorities often conduct routine inspections, and if they find a business within their jurisdiction without tax registration, they may request the owner to register for taxes or relocate. Therefore, for businesses requiring a physical storefront, it is best to register the company at the actual business location.
The Legislative Council passed the Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill on 22 May 2024, and the government applauded this development. The Bill implements the following measures that the government announced in the 2023 Policy Address and the 2024–25 Budget, including:
IRAS employs a thorough strategy for overseeing companies' tax compliance, utilizing a combination of risk-based and random audits spanning various industries to ensure broad coverage across the corporate spectrum. This involves the utilization of data analytics and other tools to assess companies' compliance risk profiles.
In this edition of our newsletter, we delve into the multi-phase consultation process leading to policy reform, structured as a four-stage progression. We also examine the policy clusters that aim to fortify corporate mechanisms, governance, and reporting standards, highlighting their status and developments.
Pandora - the world's largest jewelry brand by sales volume, built a 150 million USD factory in Binh Duong, operating from 2026. Located in Vietnam Singapore Industrial Park 3 (VSIP III), the factory has an area of ​​more than 50,000 m2, on a campus of about 7.5 hectares. This is the company's fourth jewelry manufacturing facility in the world and the first outside of Thailand.
When people choose Itemize Deductions on their 2023 personal income tax, they should pay attention to the conditions when reporting medical and maternity expenses. Not all expenditures can be reported as deductions.
Meta AI, powered by the cutting-edge Meta Llama 3 technology, is making waves as one of the world's premier AI assistants. It's already at your fingertips on popular platforms like Facebook, Instagram, WhatsApp, and Messenger, offering free assistance that helps you get things done, learn, create, and connect with what matters to you.
The Hong Kong Special Administrative Region Government announced on November 9, 2017 that wine re-exported from Hong Kong enjoy instant customs clearance in all customs districts of Mainland China.

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
Luis Wong

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

Wells Lee

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 (Middle East) - FZCO

Dubai Silicon Oasis, DDP, Building A1, Dubai, United Arab Emirates

Contact Person

Irene Tsang
Catherine Kim

Contact Number

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