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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Malaysia Raises Service Tax in 2024

Malaysia Raises Service Tax in 2024 Kuala Lumpur (VNA) – The Malaysian Government plans to raise the tax rate from 6% to 8% across an array of taxable services in March. This policy adjustment is anticipated to accrue an additional 3 billion MYR (626 million USD) in revenue, a vital move towards rectifying fiscal deficits, […]
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Hong Kong’s 2024-25 Budget Tax Measures

Hong Kong’s 2024-25 Budget Tax Measures The Financial Secretary proposes a one-off reduction of 100% for profits tax, salaries tax, and personal assessment for the 2023/24 tax year, with a cap of $3,000 per case. The reduction cap for profits tax is calculated per business. For salaries tax, the reduction cap is calculated per individual; […]
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Philippines approves draft plan to increase tax incentives for investors

Philippines approves draft plan to increase tax incentives for investors On November 21, 2023, the Taxation Committee of the Philippine House of Representatives approved the proposed amendments to the Enterprise Recovery and Tax Incentives Act, aiming to provide more zero-tariff and value-added tax exemption benefits to enterprises in economic zones and free ports. According to […]
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The Convention on the Abolition of the Requirement of Legalisation for Foreign Public Documents” will come into effect in China on November 7, 2023.

The Convention on the Abolition of the Requirement of Legalization for Foreign Public Documents” will come into effect in China on November 7, 2023. On March 8, 2023, China acceded to the “Convention on the Abolition of the Requirement of Legalisation for Foreign Public Documents” (hereinafter referred to as the “Convention”). The Convention is the most […]
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