Singapore’s Minister for Manpower Tan Sri Leong on Monday (29 August 2022) announced the launch of a new work visa, the Overseas Networks and Expertise Pass (ONE Pass), to attract top talent fromRead More
Earlier this year, the Ministry of Manpower (MOM) announced its latest policy on its website! MOM’s COE (Change of Employer Scheme) has three key points. Manufacturing and service industries Starting July 1,Read More
Enterprise Singapore (ESG) is a statutory body under the Ministry of Trade and Industry of the Singapore government. It was established on 1 April 2018 by the merger of two Singapore government agencies, InternationalRead More
ACTIVE PROMOTION OF THE GAMING INDUSTRY Government agencies in Singapore like Infocomm Development Authority (IDA) and Media Development Authority (MDA) exert considerable effort to bolster Singapore’s gaming ecosystem. The iN2015 Master plan laid outRead More
Hong Kong In recent years, Hong Kong has had some serious competition as Asia’s premier gateway for international business. Singapore and Seoul have long been contenders, but people are also beginning to takeRead More
A total of 50,087 local companies were newly registered during the first half of 2022, according to the statistics released by the Companies Registry. The total number of local companies registered underRead More
China’s new VAT regulations are good news for SMEs, but add to the complexity of VAT administration and accounting. Small-scale taxpayers in China who were subject to 3% Value Added Tax (VAT) are now exemptRead More
According to China’s Provisions on Minimum Wage, the legal minimum wage refers to the minimum labor remunerations that shall be paid by the employers to the employees under the precondition that the employee hasRead More
The primary tax risk that Chinese companies face when going global is the unfamiliar and complex tax system, collection, and administration of the target country. Failure to fully understand the target country’s tax regimeRead More
Singapore has one of the lowest corporate tax rates in the world, excluding capital gains tax, and is ranked number one in the World Banks Ease of Doing Business Index each year.Thanks to its simple tax systemRead More
