What you need to know about Malaysia’s service tax increase on digital services
Malaysia’s service tax increased from six percent to eight percent on digital services. This was ratified on February 24, 2024 by the second Minister of Finance Amir Hamzah bin Azizan and will be effective on March 1 of this year. What is a digital service? According to the official government website on the service tax, […]
Employer of Record Services for Renewable Energy Companies in Japan
Introduction Japan, recognised as a formidable force in the field of technology, has steadily shifted gears to embrace renewable energy. In fact, in 2023, it was sixth on Statista’s list of the top countries in terms of installed renewable energy capacity. With this transition come unique challenges for burgeoning and established renewable energy businesses alike. […]
Japan’s Agriculture: A Sustainable Approach
We take a deep dive into Japan’s agriculture Japan’s rich green landscapes and ancient agricultural traditions have cultivated a deep-rooted connection to the land. As the global demand for sustainable farming practices grows, Japan’s agricultural sector becomes an increasingly intriguing model for balancing tradition with innovation. This blog post will dive into Japan’s agriculture, examining […]
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 […]
Indonesia Statutory Updates for 2024
These are a few statutory updates that are effective in 2024 for Indonesia. Effective July 2024 New Law on Maternal and Child Welfare Law 4/2024 sets out several rights for working mothers, working fathers, and other general issues, including: the right to maternity leave: 3 months of maternity leave after giving birth, with up to […]
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 […]
Exploring South Korea’s Renewable Energy Sector Powering A Vibrant Future
Let’s take a look into South Korea’s renewable energy sector and how it’s grown South Korea, the tech titan of Asia, is undergoing a silent revolution. While the world marvels at its cutting-edge smartphones and K-pop’s global domination, a less flashy transformation is brewing within its borders: the rise of renewable energy. Driven by […]
