[Premia TNC] Weekly Newsletter 2025 Vol.73
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 | Ensure Timely Filing of Your Individual Tax Return
The Hong Kong Inland Revenue Department (IRD) issued the 2024/25 individual tax returns on 2 May 2025. Taxpayers must file their returns by 2 June 2025, or by 2 August 2025 for sole proprietors. All income—including salaries, part-time work, and pensions—must be reported before MPF deductions, even if claiming offshore exemptions. Gross income should be declared in Part 4.1, with exclusions and the appendix completed. Deductions like MPF contributions and charitable donations go in Part 4.3, while allowances such as married person’s and child allowances are claimed in Part 12. Late filing may result in penalties, prosecution, or estimated assessments with higher tax.
📱 Singapore | ChatGPT Now Supports Photos and Audio on WhatsApp
OpenAI has enhanced ChatGPT’s WhatsApp integration by allowing users to upload images and send audio messages directly in chat, enabling more interactive and multimodal assistance, such as identifying objects in photos or translating text from signs. This mirrors features from the browser and app versions, making it easier to get real-time help. To start using ChatGPT on WhatsApp for free, simply scan the official QR code from OpenAI’s website and message ChatGPT through the WhatsApp app.
💲 Taiwan | Key Guidelines for Repossession and Resale After Buyer Default
In a conditional installment sale, ownership of goods remains with the seller until full payment or specified conditions are met. If the buyer defaults and the seller repossesses the goods, as ownership never transferred, the seller must issue a GUI and pay VAT upon resale. For example, if Company A sells machinery for NTD1.2 million in six installments but only receives two payments before repossessing the item and reselling it for NTD700,000, Company A must issue a GUI and pay VAT based on the NTD700,000 resale price.
🏢 Vietnam | 30% Land Rent Cut for Industrial and Tech Park Firms
On May 12, the Standing Committee of the Economic and Financial Committee held its 2nd Plenary Session to review a draft resolution aimed at promoting private economic development through five key policy groups. This included improving the business environment, enhancing access to land, finance, credit, and public procurement, supporting science, technology, innovation, digital transformation, and workforce training, and fostering the growth of medium-to-large and pioneering enterprises. Notably, the draft proposes at least a 30% land rental fee reduction for high-tech, SME, and startup enterprises within the first five years, refunded by the state to infrastructure investors. It also requires provinces to allocate an average of 20 hectares per industrial zone or 5% of the land fund for eligible enterprises. Additionally, private enterprises, business households, and individuals will receive a 2% annual interest subsidy for loans tied to green, circular, or ESG-compliant projects.
🧾 Malaysia | Consolidated e-Invoice [Issue 2 of 2]
Certain industries and transactions require individual e-invoices for each activity to ensure compliance, transparency, and accuracy, disallowing consolidation. These include the sale of motor vehicles (automotive), flight tickets and private charters (aviation), construction services and materials, licensed betting and gaming payouts (excluding casinos and machines), and payments to agents, dealers, or distributors. For luxury goods and jewelry, individual e-invoices are currently optional unless requested by buyers, pending further guidelines.
🤝 Dubai | Trump’s Visit Strengthens UAE’s Global Role
US President Donald Trump’s official visit to the UAE has bolstered the nation’s global standing in economics and geopolitics, according to regional experts and business leaders. The visit, coupled with the UAE’s $1.4 trillion investment pledge, is expected to attract global talent in AI, chip manufacturing, logistics, and cybersecurity, positioning the country as a knowledge and innovation hub. Experts highlight the UAE’s strategic geopolitical role, alignment with the US on private-sector innovation, and its capacity to support AI infrastructure. Business leaders view the visit as a catalyst for investment, tech growth, and deeper US-UAE cooperation.
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🌟 8 Strategic Benefits to Expand Your Business in Vietnam with a Singapore Holding Company and Expert Support: Enjoy Tax Savings and No Withholding on Dividends!
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Securing Legal Work Status in Vietnam for Foreigners
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Date: Wednesday, May 29, 2025, 1:30 PM – 2:30PM GMT+8
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Premia TNC May Holiday Notice
Welcome, May! 🌼 The perfect time to reflect, renew, and rise to new challenges. Let’s make this month our best yet! 🌸🌿
🗞️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]
