South Korea Year-End Income Tax Settlement: A Guide
Here’s a handy guide to navigating the South Korea Year-End Income Tax Settlement (YETS) As the fiscal year draws to a close, taxpayers need to reconcile their tax liabilities with taxes withheld throughout the year. In South Korea, all workers who earned income in the country in the past year are required to file […]
All You Need To Know About Juminzei (Resident Tax) in Japan
In Japan, residents need to pay both shotoku-zei and juminzei. The former refers to the national income tax while the latter refers to the resident tax one must pay based on their location. Juminzei consists of two elements: one paid to the city you reside in (for example, Fuchu-city or Musashino-city) and another to the […]
10 Fun Activities to Do During Chinese New Year
Chinese New Year, also known as the Lunar New Year or Spring Festival, is the most important traditional festival in the Chinese calendar. It’s a time of vibrant celebrations, cultural rituals, and family gatherings. Whether you’re an avid cultural enthusiast, part of a family with eager kids, or a traveler looking to immerse yourself in […]
Singapore Statutory Updates 2024
Here are Singapore’s statutory updates for 2024 Effective July 2024 Immigration & Checkpoints Authority improves its online portal The Immigration & Checkpoints Authority (ICA) has enhanced its online portal for Singapore Citizenship, Permanent Residence, and Long Term Visit Pass applications. Key updates include: Digital Consent and Declaration: All adult applicants and sponsors must use Singpass […]
Philippines Statutory Updates in 2024
Effective July 2024 Extension of Temporary Visiting Visas is now Online The online application and payment method for the extension of temporary visiting visas has been made available to qualified foreign nationals by the Bureau of Immigration (BI). The same prerequisites and costs apply, and the new procedure takes effect right away. Instead of a […]
Indonesia Statutory Updates for 2024
These are a few statutory updates that are effective in 2024 for Indonesia. Effective December 2024 Indonesia Increases Application Fees for Work Permits and Stay Permits The Indonesian government has announced significant fee increases for various visa types, including: Short-Term Work Permit: Increased to IDR 5,250,000 (previously IDR 1,800,000) plus an additional USD 150. Long-Term […]
Manufacturing in Vietnam: An Unexplored Goldmine for Global Investors
With the rise of global sourcing and the quest for cost-effective production, manufacturing in Vietnam has become an epicenter for growth and opportunity. The country’s ascension as a manufacturing hub is impressive, embodying the convergence of favorable economic policies, a burgeoning workforce, and strategic geopolitical positioning. This harmonious blend presents a practical alternative for investors […]
Exploring The Thriving Vietnam Tech Industry
The Vietnam tech scene has a promising future ahead of it From the bustling capital of Hanoi to the dynamic metropolis of Ho Chi Minh City, Vietnam is positioning itself as Southeast Asia’s frontier for technology and innovation. This surge has captivated startup enthusiasts, investors, and the global tech community alike, as they witness the […]
Vietnam’s minimum wage increase for 2024
Last month, Vietnam’s National Wage Council set the minimum wage increase for 2024, amounting to a 6% rise. This was decided on due to both inflation and the country’s economic growth—it being one of the fastest growing nations economically in the region. The increase will be implemented in July 2024. As the minimum wage is […]
How an Employer of Record Company Helps Consulting Firms in China and Hong Kong
Consulting firms in China and Hong Kong often face complexities related to employment laws, tax regulations, and local administration when hiring employees. To streamline their operations and focus on their core business goals, consulting firms can benefit from partnering with an Employer of Record (EOR) company. Let’s explore how an EOR company like Eos can […]
