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. […]

2023 corporate and individual income tax preferential policies

2023 corporate and individual income tax preferential policies In order to support the development of small and micro enterprises and individual industrial and commercial households, the relevant tax policies are hereby announced as follows: 1. For small and low-profit enterprises, the annual taxable income does not exceed 1 million yuan, a reduced rate of 25% […]

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 […]

The ministry of industry and information technology of china

The ministry of industry and information technology of china In order to promote the standardized and healthy development of the Internet industry and further improve the management of mobile Internet information services, the Ministry of Industry and Information Technology recently issued a notice to organize the registration of mobile Internet applications (hereinafter referred to as […]

China releases the latest “Food Permit Filing”

China releases the latest “Food Permit Filing” The key points and process of revising the Measures are briefly as follows: Background to the revision:In response to requirements such as deepening the reform of food business licenses and revising the new food safety law.Adapt to the innovative and high-quality development needs of the food business industry.Solve […]

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 […]

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 […]

Six key points for China and Asia-Pacific countries to build a super economic circle RCEP

Six key points for China and Asia-Pacific countries to build a super economic circle RCEP Source of information: As the trade and technology confrontation between the United States and China continues, the Regional Comprehensive Economic Partnership (RCEP), which includes China and 14 other Asia-Pacific countries, was signed on Sunday (November 15th). This agreement is considered […]

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 […]

Announcement of the Ministry of Finance and the State Taxation Administration on the Preferential Tax Policies for Small and Micro Enterprises and Individual Businesses in 2023.

Announcement of the Ministry of Finance and the State Taxation Administration on the Preferential Tax Policies for Small and Micro Enterprises and Individual Businesses in 2023. To support the development of small and micro enterprises and individual businesses, the following tax policies are hereby announced: For small-scale enterprises with an annual taxable income not exceeding […]