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[Premia TNC] Weekly Newsletter 2024 Vol.2

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 | Transitional Period for Registration Under the Dealers in Precious Metals and Stones Regulatory Regime Has Ended

Effective April 1, 2023, Hong Kong enforces the Dealers in Precious Metals and Stones Regulatory Regime under the Anti-Money Laundering Ordinance. To transact over HK$120,000, registration with the Commissioner of Customs and Excise is mandatory. The nine-month transitional phase concluded on January 1, 2024.

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🌎 Singapore | Revolutionize Your AI Experience: Discover Google Bard’s Latest Upgrade with Gemini!

Google’s Gemini, a powerful multimodal model in Ultra, Pro, and Nano sizes, is integrated into Bard. Gemini Pro excels in benchmarks, making Bard the top chatbot in blind assessments. Launching in 2024, Bard Advanced introduces Gemini Ultra for complex tasks. Currently available in English across 170+ countries, Bard plans to expand.

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🏦 Taiwan | New Personal Tax Deduction Effective January 2024

Spotlight: Effective January 1, 2024, Taiwan’s Ministry of Finance has announced the introduction of updated personal tax deductions. Get all the details you need with our detailed breakdown.

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💼 Vietnam | From January 1, 2024, only Foreign Employees will be Hired if no Local Vietnamese Labor Can be Found

Decree 70/2023/NĐ-CP amends 14 provisions of Decree No. 152/2020/NĐ-CP on foreign and Vietnamese employee management in Vietnam. Effective January 1, 2024, employers must assess the need for foreign labor if local hires are not available. Recruitment notifications for Vietnamese labor are online. Reporting foreign labor needs and changes is required 15 days prior. A Ministry of Labor approval or disapproval is issued within 10 working days.

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💰 Malaysia | Capital Gain Tax (“CGT”) on Disposal of Unlisted Shares

Malaysia’s 2024 Budget introduces Capital Gains Tax (CGT) on unlisted shares in Malaysian companies from March 1, 2024. The proposed rates vary based on the acquisition date, with an exemption for share disposals related to initial public offerings (IPOs) or internal group structures.

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Premia TNC News

Premia TNC January Holiday Notice

Wishing you a promising start to 2024. May this new year bring fulfillment to all your aspirations and dreams. Happy New Year!🧧

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🗞️Writer: Faraaz
🗞️Productor: Julia ⋅ Felice

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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]