Reading Time: 5 minutesA recent survey by cyber security company McAfee found that only one in three Singaporeans ranked protecting their identity as their top cyber security priority. In today’s age of technology, people have become all the more vulnerable to cybercrimes, with identity theft being especially prevalent. Anyone can be a victim of identity theft, yet so […]
Reading Time: 4 minutesRegistered taxpayers in Cambodia are now in the process of completing their Annual Tax on Income (“TOI”) declarations for the 2018 tax year. This applies equally to those entities that hold real estate in Cambodia and we provide below some of the key tax issues that those entities should be aware of when submitting their […]
Reading Time: 5 minutesIncreasing the environmental protection tax rate in regards to production from VND40,000 up to VND200,000/kilogram of produced plastic carrier bags as drafted by the Ministry of Finance appears to only make an impression on figures. Since the end of the period of 2014-2016, during a training course at a UK university, I have witnessed an […]
Reading Time: 1 minutes不少香港公司规定，雇员若未作出披露或未经同意从事兼职，即属违反合约，可能会面临纪律处分、解雇，甚至被起诉索偿。兼职亦可能触犯《防止贿赂条例》内的刑事罪行。
雇佣合约或人力资源政策须列明准则，规定雇员就其收受的利益及任何外间薪酬（包括兼职）作出充分披露，以及订明审批权谁属。就相关政策提供培训、加深雇员的认识、制订审批权，以及建立申报外间工作的机制都是关键所在。
Reading Time: 3 minutesOn 1 April 2019, Singapore’s Geographical Indications Rules 2019 will come into operation. The Rules, implementing the Geographical Indications Act 2014, create a new Registry of Geographical Indications administered by the Intellectual Property Office of Singapore (IPOS) to enable producers of wines and spirits and of selected categories of agricultural products and foodstuffs, as well […]
Reading Time: 2 minutesNotification 4908 issued by the General Department of Taxation (GDT) on the 18th of March 2019 requires all registered taxpayers in the self-assessment taxation regime in Cambodia to now provide the total amounts, in tax invoices that they issue to customers, in Khmer Riel (KHR). For completeness the itemized amounts in a tax invoice do […]
Reading Time: 9 minutesOne of the requirements for foreigners to work in Vietnam is to be granted a work permit by the competent Vietnamese authorities (Article 169.1.(d) of the 2012 Labor Code). However, due to the practical, day-to-day demands of business, many companies do not comply with this regulation and often sign labor contracts with foreign employees without […]
Reading Time: 5 minutesWith the recent judgment by the Singapore International Commercial Court on the wrongful reversal of Bitcoin and Ethereum trades by a centralised exchange operator[1], we are beginning to see blockchain technology slowly creeping into traditional dispute resolution. That dispute, however, was only capable of being adjudicated through traditional legal means because the relevant transactions occurred […]
Reading Time: 3 minutesContributed by Ocampo & Suralvo Law Offices Aiming to provide a more business-friendly environment and boost the competitiveness of the economy, the Philippines recently enacted Republic Act No. 11232 or the Revised Corporation Code, which replaces the old code. Under the old law, a corporation’s maximum term of existence was 50 years. Even though this […]
Reading Time: 3 minutesMarket rates On 13 March 2019, the General Department of Taxation (“GDT”) released Notification 4630, which provides the “market rates” for determining the caps on interest rate deductions for loans that had been entered into using Khmer Riel (“KHR”) and United States Dollars (“USD”) in the 2018 financial year. The “market rates” for 2018 are as […]
Reading Time: 5 minutesIf you run a Company, Foreign Company, or a Limited Liability Partnership (“LLP”), you are required to set up a Register of Controllers. This is in accordance with the new requirement that was introduced on 31 March 2017 by the Accounting and Corporate Regulatory Authority (“ACRA”). ACRA subsequently issued and revised the ACRA Guidance on […]
Reading Time: 5 minutesIntroduction The Securities and Futures Commission (“SFC”) from Hong Kong and the Commission de Surveillance du Secteur Financier (“CSSF”) from Luxembourg have entered into a Memorandum of Understanding (“MoU”) on Mutual Recognition of Funds (“MRF”) on 15 January 2019, which will allow eligible Hong Kong public funds and Luxembourg UCITS fund (a collective investment scheme […]
