The Vietnamese National Assembly has resolved to extend the deadline for value-added tax reduction until the end of June 2024 to boost the economy.

The Vietnamese National Assembly has resolved to extend the deadline for value-added tax reduction until the end of June 2024 to boost the economy. The Vietnamese National Assembly, during its 6th session on November 29, 2023, passed a resolution further extending the reduced value-added tax (VAT) period for certain goods and services until the end […]
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Singapore’s Ministry of Trade and Industry announces the signing of the “Supply Chain Agreement” under the Indo-Pacific Economic Framework (IPEF).

Singapore’s Ministry of Trade and Industry announced that 14 countries have collectively signed the “Supply Chain Agreement” under the “Indo-Pacific Economic Framework” (IPEF). On November 16, 2023, Singapore’s Ministry of Trade and Industry (MTI) announced that Minister Chan Chun Sing participated in the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting in San Francisco on November 13-14. […]
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The Vietnamese government announced to reduce value-added tax in 2023!

The Vietnamese government announced to reduce value-added tax in 2023! The government has issued Agreement No. 44/2023/ND-CP on the VAT reduction policy on June 30, 2023. Effective from 2023/07/01. In order to expand relevant content in the customs field, the General Administration of Customs requires all provincial and municipal customs bureaus to implement the following […]
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Change in Goods and Services Tax (GST) Rate in Singapore

Change in Goods and Services Tax (GST) Rate in Singapore Effective from January 1, 2024, the GST rate will be adjusted from 8% to 9%. For any standard-rated supplies of goods or services that you provide on or after January 1, 2024, you must charge a GST rate of 9%. For example, if you issue […]
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2023 protection of personal data in Vietnam

2023 protection of personal data in Vietnam On April 17, 2023, the Vietnamese government issued Decree No. 13/2023/ND-CP (referred to as “Decree No. 13”) regarding the protection of personal data, which officially came into effect on July 1. The measures and conditions for safeguarding personal data are as follows: Measures for Protecting Personal Data: Organizational […]
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From January to April this year, the total amount of foreign investment in Vietnam approved by Vietnam is 12.3325 billion US dollars!

From January to April this year, the total amount of foreign investment in Vietnam approved by Vietnam is 12.3325 billion US dollars! <Economic Division, Taipei Economic and Cultural Office in Vietnam> According to the statistics from the Ministry of Planning and Investment of Vietnam, the total approved investment amount by foreign investors in Vietnam from […]
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Major Tax Updates in Singapore

Major Tax Updates in Singapore Raise the consumption tax rateSingapore’s current GST rate for standard taxed goods and services is 7%. The Ministry of Finance announced that the GST rate will be increased to 8% on 1 January 2023 and 9% on 1 January 2024. The increase in GST rates is expected and inevitable as […]
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