[Premia TNC] Weekly Newsletter 2025 Vol.65
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 | Tax Highlights of the 2025-26 Budget in Hong Kong
The budget includes a one-off 100% reduction in profits tax, salaries tax, and tax under personal assessment for 2024/2025, capped at HK$1,500 per case. Stamp duty on properties valued up to HK$4 million is set at HK$100, effective from 26 February 2025, with adjusted ad valorem rates for higher values. A rates concession of up to HK$500 will offset the first quarter rates for 2025-2026. The progressive rating system for domestic tenements, effective from 1 January 2025, charges 5% for the first HK$550,000, 8% for the next HK$250,000, and 12% for the remainder.
💵 Singapore | Singapore Budget 2025: Boosting Workfare Skills Support
The Enhanced Workfare Skills Support (WSS) Scheme from the 2025 budget aims to encourage lower-wage workers to pursue substantive training programs by providing a new monthly Training Allowance (TA) for those aged 30 and above who enroll in selected long-form courses. Part-time courses will offer a fixed allowance of $300 per month, while full-time courses will provide an allowance equivalent to 50% of the individual’s average income over the past 12 months. The existing hourly TA of $6 per hour (capped at 180 training hours per WSS eligibility period) will remain. Eligibility caps include up to 24 months of monthly TA between ages 30-39 and from age 40, shared with the SkillsFuture Level-Up Programme. These enhancements will be effective from early 2026, with the base tier of WSS continuing to support other courses and employer-led training initiatives.
🧾 Taiwan | Implementing GUI for Prepaid Goods Sales
When a business receives a partial payment before delivering goods, it must issue a Government Unification Invoice (GUI) for the prepaid amount and include it as sales when filing VAT. If the business fails to issue the GUI, it should voluntarily report and pay the missing tax to the local tax bureau before being investigated to avoid penalties, though interest will apply. For example, if Consumer A pays a NTD 2,000 deposit in March 2025 for an air conditioner priced at NTD 55,000 from retailer B, the retailer should issue a GUI for the deposit immediately and another GUI for the remaining NTD 53,000 upon delivery in April 2025.
📈 Vietnam | The Allure of Vietnam for International Investors
Recently, two large delegations of over 60 major American businesses, including Boeing, Apple, Intel, and Coca-Cola, visited Vietnam, marking the largest delegation ever organized by the US-ASEAN Business Council (USABC). Ted Osius, USABC President, highlighted Vietnam’s significant reforms in reducing import-export barriers and streamlining operations, enhancing its investment appeal. Key investors from aviation, logistics, finance, telecommunications, healthcare, and agriculture, such as Meta and Bayer, also participated. US businesses showed interest in developing financial centers in Ho Chi Minh City and Da Nang. Finance Minister Nguyen Van Thang assured support for US investors, addressing concerns about taxes and incentives, and emphasized Vietnam’s commitment to creating favorable policies for high-tech and innovative investments.
🏦 Malaysia | Unveiling the Forest City Special Financial Zone (Issue 2 of 2)
The Forest City Special Financial Zone is driving digital and financial innovation by enhancing fintech sectors like RegTech and insurtech, supporting Malaysia’s goal of becoming a regional leader in financial services. With 11.5 billion digital payment transactions in 2023 and banking sector assets growing by 5.1% to 3.5 trillion ringgits, the zone aims to foster innovative banking solutions and seamless cross-border transactions. Efforts to address skills gaps and enhance workforce capabilities in Johor will create high-skilled jobs, attract global talent, and ensure sustainable growth, ultimately elevating Malaysia’s global standing and economic resilience.
🏛️ Dubai | UAE Cabinet Approves New Regulations to Enhance Legal Profession and Consultancy
The new laws aim to modernize the legal industry by promoting transparency, ethical practices, and accountability. They introduce licensing for foreign law firms and legal consultancy offices, update the licensing process for lawyers, and set guidelines for registering legal researchers, advisors, and representatives. The regulations also simplify the registration process for trainee lawyers, establish training programs, and outline procedures for forming law firms. Additionally, they prohibit lawyers and legal consultants from being partners in multiple firms to avoid conflicts of interest and require all partners to be licensed to practice law.
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Premia TNC Hong Kong Webinar
Key Insights and Expert Advice on Revolutionizing Business Banking via The Digital Account Solution
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<Hong Kong>
Date: Thursday, April 3, 2025, 4:00 PM – 5:00PM GMT+8
Target companies: Businesses looking to revolutionize business banking with a digital account solution.
Presenter: Irene Tsang
→ Webinar participation application link
Premia TNC Malaysia Webinar
Professional Guidance and Crucial Information on Navigating Audit Exemption and Dividend Tax in Malaysia
Seize your opportunity to get a hang of the latest key updates on audit exemption and dividend tax in Malaysia! Attend our webinar on April 17, 2025, for valuable information, free consultations, and comprehensive materials to gain insights into the key updates concerning exemptions and taxes. Secure your booking today!
<Malaysia>
Date: Thursday, April 17, 2025, 2:00 PM – 3:00PM GMT+8
Target companies: Businesses looking to get on top of the key updates concerning audit exemption and dividend tax in Malaysia.
Presenter: Mandy
→ Webinar participation application link
Premia TNC March News
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Premia TNC March Holiday Notice
Hello, March! 🌸 A month of new beginnings and boundless possibilities—may this season bring you growth, joy, and fresh inspiration to bloom in every way. ✨🍃
→ Check Our Complete Schedule for March
🗞️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]
