Vietnam’s VAT Reduction Measures Extended Until the End of June 2025

Vietnam’s VAT Reduction Measures Extended Until the End of June 2025 At the end of 2024, the Vietnamese government passed a resolution to extend the VAT reduction for specific product categories until June 30, 2025. Goods and services currently subject to a 10% VAT rate will receive a 2% reduction, effectively lowering the rate from […]
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B.V.I經濟實質法施行細則草案!

Draft Implementing Rules for the B.V.I Economic Substance Act

Draft implementing rules for the B.V.I Economic Substance Act! The British Virgin Islands (BVI) recently released the “Draft Implementation Rules for the Economic Substance Law”. The basic contents of the draft are as follows:1. Applicable objects of economic substance law:Only local tax residents of BVI are exempt from the application. Enterprises registered locally but who […]
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New search arrangements in Hong Kong: Restriction of public access to protected information of directors and company secretaries

New search arrangements in Hong Kong: Restriction of public access to protected information of directors and company secretaries 【2021-10-22 Source: Hong Kong Companies Registry】 The Companies Ordinance (Cap. 622) stipulates new search arrangements for personal data contained in the companies register maintained by the Companies Registry. The Registrar maintains a company register for public inspection, […]
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Singapore EP visa application income increased news

Singapore EP visa application income increased news According to a report by Lianhe Zaobao, Singapore’s Minister for Manpower, Dr. Tan See Leng, stated during a parliamentary session on March 4, 2024, that in response to labor market changes and to enhance the quality of foreign workers, Singapore will adjust its foreign labor policies. From January […]
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Vietnam Government Proposes Extending 2% VAT Reduction till End of 2024

Vietnam Government Proposes Extending 2% VAT Reduction till End of 2024 In late May 2024, the Vietnamese government approved a draft proposal aiming to extend the VAT reduction from 10 percent to 8 percent on selected goods and services from July 1 through the end of 2024. The government subsequently submitted the draft proposal to […]
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Shanghai-Hong Kong Stock Connect

Shanghai-Hong Kong Stock Connect actually includes two parts: Shanghai-Stock Connect and South-Hong Kong Stock Connect:Shanghai Stock Connect means that investors entrust Hong Kong brokers to buy and sell stocks listed on the Shanghai Stock Exchange through a securities trading service company established by the Hong Kong Stock Exchange. Shanghai-Hong Kong Stock Connect Southbound trading refers […]
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Draft Implementation Rules of the BVI Economic Substance Law

The British Virgin Islands (BVI) recently issued the “Draft Rules for the Implementation of the Economic Substance Law”. The basic contents of the draft are as follows: Draft Implementation Rules of the BVI Economic Substance Law The British Virgin Islands (BVI) recently released the “Draft Rules for the Implementation of the Economic Substance Law”. The […]
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VIE structure and functions

VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity control method. VIE actually controls a company by signing an agreement instead of holding shares. VIE structure and functions VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity […]
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