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[Premia TNC] Weekly Newsletter 2024 Vol.7

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 | Municipal Solid Waste Charging

Starting August 1, 2024, Hong Kong will implement municipal solid waste charging to reduce its high per capita disposal rate, aligning with the “polluter pays” principle and targeting waste reduction and recycling. Two models, “by bag or by label” and “by weight at the gate,” will be used depending on waste collection methods. Public education and stakeholder participation, including sustainable campaigns and community projects supported by the “Green Outreach Team” of the Environmental Protection Department (EPD), are crucial for successful implementation.

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🧑‍✈️ Singapore | Microsoft Releases Copilot Pro with Upgraded Functionality

Microsoft’s Copilot Pro, available for $20 monthly per user, integrates seamlessly with Microsoft 365 subscriptions, offering priority access to OpenAI’s GPT-4 Turbo for faster performance and advanced AI capabilities. Key features include unified AI experiences across devices, integration with Microsoft applications, advanced image creation, and personalized Copilot GPTs. This upgrade is ideal for enthusiasts seeking expanded capabilities and optimized performance.

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💰 Taiwan | Individual Transfers of Shares are Required to File Income with Property Transactions

Individuals must report income from property transactions based on the actual selling amount when transferring shares, excluding income from securities transactions. Share transfers necessitate filing when a limited company shareholder, a privately held company shareholder, or a shareholder of a company with uncertified shares under Article 162 of the Company Act conducts the transfer. For instance, if an individual, A, purchases a company’s share for NTD7.8 million and later sells it for NTD24 million, A should report property transaction income of NTD16.2 million in the year of sale. → Read More

💵 Vietnam | Incentives to Encourage the Development of Hi-Tech Parks

Vietnam’s new decree extends incentives to hi-tech parks, paralleling those of regions with severe socioeconomic challenges. These parks will benefit from a 10% corporate tax rate for 15 years, priority access to support programs, and opportunities for private investment in infrastructure. The move aims to accelerate hi-tech park development, crucial for advancing science and technology in the era of Industry 4.0, as emphasized by the Vietnam Economics Institute.

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💼 Malaysia | Revision of the Employment Act 1955 as of 2023

The 2023 revisions to the Employment Act 1955 expanded coverage to all employees, exempting those earning RM4,000 and above from specific provisions. New additions include flexible working arrangements, reduced weekly working hours to 45, extended maternity leave to 98 days, and 7 days of paid paternity leave for fathers. Termination of pregnant employees is restricted to specific circumstances. Compliance is essential for ensuring alignment with the Act and protecting employee welfare.

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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.

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🆕 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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Exclusive Markdowns!

🌟 Premia TNC Hong Kong x Cathay | Unlock Rewards that Take you Places When you Partner with Premia TNC to Earn Over 10,000 Asia Miles!

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!

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🌟 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.

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🌟 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.

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🌟 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.

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⭐ Premia TNC Singapore x Oasia Hotel Downtown | Enjoy Exclusive Corporate Rates at Oasia Hotel Downtown, Singapore!

Kick back and relax with our special corporate rates at the Oasia Hotel Downtown, Singapore, exclusively extended to all clients of Premia TNC Singapore Pte. Limited. Elevate your stay to a realm of refined luxury.

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⭐ Premia TNC Singapore x The Clan Hotel | Exquisite Corporate Privileges Await at The Clan Hotel, Singapore!

Indulge in the epitome of luxury with our premium corporate rates at The Clan Hotel, Singapore, exclusively curated for esteemed clients of Premia TNC Singapore Pte. Limited. Elevate your corporate stay to unparalleled sophistication.

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Premia TNC Hong Kong Webinar

Uncover Key Insights into Hong Kong Company Formation and Maintenance

Discover Insights on Hong Kong Company Formation!
Attend our webinar on February 28, 2024 for valuable information, free consultations, and comprehensive materials. Enhance your understanding of corporate establishment. Book your spot today!

<Hong Kong🇭🇰>

Date: Wednesday, February 28, 2024, 4:00 – 5:00 PM
Target companies: Clients looking forward to Company Formation and Sustainability
Speaker: Consultant – Angela

→ Webinar participation application link

Premia TNC News

Premia TNC February Holiday Notice

Embrace the Lunar New Year in February with joy and prosperity! Wishing you a month filled with good fortune and exciting opportunities ahead. ✨

Check Our Complete Schedule for February

🗞️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]