[Premia TNC] Weekly Newsletter 2025 Vol.57
Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
👀 Premium News - Quick Overview in 3 Minutes
💡Weekly E-Newsletter
💰 Hong Kong | Objection to Tax Assessment
To dispute a tax assessment, lodge a written notice of objection within one month of the assessment date, stating your grounds. Late objections are considered only if the Commissioner of Inland Revenue is satisfied that absence from Hong Kong, sickness, or other reasonable causes prevented timely lodging. Despite any objection or appeal, you must pay the tax by the specified date unless the Commissioner orders a standover. You may need to provide additional information for the objection. The Commissioner will review the objection and may confirm, reduce, increase, or annul the assessment, providing written reasons for the decision.
💴 Singapore | GST InvoiceNow Requirement: Transforming Tax Administration in Singapore
InvoiceNow is Singapore’s e-invoicing network based on the Peppol standard, enabling businesses to send and receive invoices digitally, reducing manual processes, errors, and costs. It integrates with IRAS for seamless tax reporting. The implementation timeline includes a soft launch on May 1, 2025, mandatory adoption for new GST registrants from November 1, 2025, and April 1, 2026, with future plans for all GST-registered businesses. GST-registered businesses must transmit invoice data for standard-rated and zero-rated supplies and purchases, excluding reverse charge, with exemptions for overseas entities and reverse charge businesses. Benefits include streamlined processes, reduced errors, improved compliance, and enhanced cash flow. Preparation involves ensuring InvoiceNow-enabled software, registering for a Peppol ID, connecting to IRAS, and testing the system. Support includes grants and value-added services from IMDA. Invoice data must be transmitted to IRAS by the GST return filing date or due date.
🧾 Taiwan | VAT Declaration Required for Sales Returns on Exported Goods
When businesses re-import exported goods, they must use the “G7 Domestic Goods Re-import” form. For sales returns, mark the “Tax Payment Method” field with “55” and calculate the return amount using the original export exchange rate. Attach a “Sales Return or Allowance Certificate” and declare the zero-tax rate sales return in the reporting month. For goods returned for reprocessing and re-export, mark “99,” and no VAT declaration is needed. A new code, “5S,” is used for re-imports to the U.S. due to statutory reasons, specifying the reason in the “Other Declaration Items” field. Follow the same procedures for sales returns.
📈 Vietnam | Strategies for Businesses to Benefit from the Investment Support Fund
Decree 182/ND-CP provides two main types of support from the Investment Support Fund: annual cost support and initial investment cost support. Annual cost support targets high-tech enterprises, high-tech product manufacturing projects, high-tech application projects, and R&D investment projects, with varying investment and revenue criteria. Normal projects need VND 12,000 billion in investment and VND 20,000 billion in annual revenue, while specific projects like the chip industry and AI data centers require VND 6,000 billion and VND 10,000 billion, respectively. Some breakthrough projects are exempt from these criteria. R&D center investments need VND 3,000 billion, with VND 1,000 billion disbursed in three years. Initial investment cost support focuses on R&D centers in strategic areas, requiring no overdue tax or state budget debts and demonstrating positive ecosystem impact.
🏛️ Malaysia | Unlocking Opportunities with Malaysia’s Premium Visa Programme (PVIP) [Issue 2 of 4]
In this issue of our newsletter, we explore the benefits of Malaysia’s Premium Visa Programme (PVIP), designed to attract high-net-worth individuals (HNWIs) and their families. Key advantages include long-term residency of up to 20 years, family inclusion, flexible work and business opportunities, a streamlined immigration process, and access to high-quality healthcare and education. Malaysia offers a safe, high standard of living with modern infrastructure and a welcoming, multicultural society. Stay tuned for more on unlocking opportunities with PVIP in our upcoming newsletter.
🔧 Dubai | Dubai to Welcome Iconic Crypto Tower by 2027
Dubai’s Crypto Tower, developed by DMCC and REIT Development, is set to be completed in Q1 2027. This 17-story, 150,000-square-foot landmark will cater to blockchain, DeFi, and Web3 sectors, featuring nine office floors for crypto companies, three floors for blockchain incubators and venture capital firms, one floor for AI innovation, and a 30,000-square-foot crypto club. It will also include a 10,000-square-foot indoor event space, a 3,500-square-foot outdoor area, an NFT art gallery, a gold bullion shop, an exotic car dealership, and a secure vault. Blockchain technology will enhance tenant interactions with smart contracts and on-chain voting.
Discover Our Newest Service!
🆕 Singapore | A Glance At Singapore Variable Capital Company Structure
Premia TNC proudly unveils its exclusive service for the establishment of Singapore Variable Capital Companies (VCC), an efficient umbrella structure meticulously designed for investment funds. Discover limitless expansion possibilities and unrestricted flexibility within this sophisticated framework, offering scalability, tax efficiency, and operational flexibility. Experience a professional suite of services tailored to guide you through the complexities, ensuring strategic leveraging of VCC advantages.
🆕 Vietnam | Enhance Your Business with Vietnam Compliance Consultancy
Discover unparalleled Vietnam Compliance Consultancy Services from Premia TNC. Navigate regulatory landscapes seamlessly, ensuring your business thrives in Vietnam’s dynamic market. Contact us for expert guidance on sustainable success.
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Embark on a rewarding journey for your business with PREMIA TNC x Cathay. Seize the opportunity to earn over 10,000 Asia Miles by joining our services. From enticing welcome offers to lucrative referral bonuses, every order placed successfully brings you closer to a world of unparalleled benefits. Grow your business and reap the rewards by elevating your success with PREMIA TNC!
🌟 Premia TNC Hong Kong x Mastercard | Tailored Excellence and $500 Off! Elevate your Business with Premia TNC Hong Kong for This Exclusive Deal.
Get personalized corporate services at Premia TNC Hong Kong, designed for your unique needs. Our dedicated consultants handle tasks, letting you concentrate on growth. Enjoy a USD$500 discount using your Business Mastercard, unlocking 30% off premium accounting and tax filing services in Hong Kong.
🌟 Premia TNC Taiwan x Mastercard | Propel your Business and Get $500 Off on us for the Personalized Success that Awaits you with Premia TNC Taiwan.
Experience personalized corporate services at Premia TNC Taiwan, tailored for your unique needs. Let our dedicated consultants manage tasks, freeing you to focus on growth. Take advantage of a USD$500 discount with your Business Mastercard, unlocking a 30% discount on premium accounting and tax filing services in Taiwan.
🌟 Premia TNC Singapore x Vietnam | Masterplan your Expansion with Exclusive Markdowns for your Singapore Holding Company and Vietnam Subsidiary Ventures.
Unlock tax advantages in SG (territorial tax, 17% corporate tax) and VN (20%, DTAs, 0–17% incentives, loss carry-forward). Flourish in business-friendly environments with no withholding tax on dividends. Elevate your expansion strategy today, complemented by a limited-time discount with us.
🌟 Premia TNC Singapore | Strike Off Your Company in Singapore With Significant Savings For Your Next Fresh Start
Striking off your company in Singapore can lead to substantial cost savings by eliminating ongoing operational expenses and compliance costs. This process simplifies administration by reducing corporate governance complexity, providing a definitive end that allows owners to move on, and mitigating the risks associated with maintaining a dormant company. Additionally, it improves cash flow, offers potential tax advantages, enhances operational efficiency, and avoids penalties, ensuring a streamlined and cost-effective business solution.
🌟 Premia TNC Singapore | Streamlining Company Closure Through Hassle-Free Striking Off
Engaging Premia TNC for the striking-off process in Singapore offers significant benefits, ensuring a smooth and efficient experience. Their comprehensive service includes a thorough compliance review, the preparation of necessary documentation, and direct liaison with regulatory authorities, thereby eliminating the hassle for business owners. By handling tax waiver applications and resolving potential objections, Premia TNC helps avoid legal complications and saves valuable time. Their expertise ensures compliance with all legal requirements, providing a cost-effective solution for companies looking to dissolve their business operations without the stress and complexities of navigating the process alone.
🌟 Premia TNC Singapore | Unlock Efficiency with Premia TNC: Industry-Leading Accounting and Bookkeeping Services in Singapore
Discover the key to streamlined financial management with Premia TNC’s comprehensive bookkeeping services in Singapore. From freeing up valuable time to ensuring regulatory compliance, our experienced team is committed to optimizing your business’s financial operations. Say goodbye to accounting headaches and welcome efficiency with Premia TNC.
Premia TNC January News
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Premia TNC January Holiday Notice
Welcome, January! 🕊️ A new year, a new you—may this month fill your days with hope, positivity, and boundless possibilities. 🌞
🗞️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]