Retaining key personnel has always been a company’s prerequisite policy paving the way to prosperity. Employee Stock Ownership Plan (ESOP) has long been considered a good management tool and compensation benefit for the retention of human capital, as well as a good solution for those companies with limited cash flow. While ESOP is not a new term, its important tax implications have been continuously provoking controversy. This report investigates the Personal Income Tax (PIT)’s exposure under ESOP schemes, which provide beneficiaries a better understanding and thus the ability to minimise tax risks. Grant Thornton Vietnam provides insights into the tax side of ESOP Employee Stock Ownership Plan (ESOP) ESOP can simply be understood as employees’ benefit plan with agreed terms and conditions. An employee stock ownership is defined as an allocation of shares that will be granted to specified employees in the future, prevalently in the form of shares options … [Read more...] about Employee shares ownership plan and tax implications in Vietnam
401k profit sharing plan and trust
The Hanoitimes - On March 30, Hanoi People`s Council together with representatives of relevant departments had a meeting with the delegation of Warszawa City on the issue of land planning and management. Ms. Phung Thi Hong Ha - Vice Chairman of the People's Council (middle) made speech at the meeting Ms. Ewa Masny-Askanas - Vice President of Warsaw City Council, said in Warsaw, the master plan is carefully constructed and usually lasts from 2 to 2.5 years. Each issue is exchanged, dialogued between the parties to determine the actual needs. The plans will be publicly available for reference and adapted as needed. Therefore, there are also cases where the planning process lasts for 10 years. In addition, planning is also incorporated with environmental protection and security agencies to ensure balanced development. Once approved, the master plan will detail the application of the land-used purpose for civil or commercial use. Also related to the city planning, Vice Chairman of … [Read more...] about Hanoi – Warsaw exchanges experience in land planning and management
(VOV) - Vietnam follows a multilateral policy and is a friend and trusted partner with countries around the world, Deputy Minister of Defence, Lieutenant General Nguyen Chi Vinh was speaking during his reception of a delegation of military attachés from other countries in Hanoi on Wednesday. General Vinh thanked foreign military leaders for their support to the Vietnam People's Army. He expressed his hope that the military attachés will continue to be a bridge to make relations between the Vietnam People's army and foreign armies a force for peace, stability, cooperation and development. … [Read more...] about Vietnam is a friend and trusted partner of other countries
In the framework of the investment promotion trip to the US, the provincial delegation will organize 5 seminars to introduce investment environment and look for chances to enhance bilateral trade relation between Vietnam and US as well as the trade relation between Dongnai province and American investors. Mr. Nguyen Ngoc Phuc, vice minister of Planning and Investment … [Read more...] about The exchange with Mr. Nguyen Ngoc Phuc, vice minister of Planning and Investment about the investment promotion trip to the US.
AT&T is offering a bit of clarification on the rumors involving a standalone feature offering FaceTime over Cellular for an additional charge: the iOS6 feature (due out this fall) will actually be included at no extra cost, but only for those customers who opt for the Mobile Share plans. Anyone on the grandfathered unlimited data plans or traditional tiered offerings will only be able to rely on the good 'ol WiFi whenever they feel the urge to use Apple's video chat service. From the looks of it, it seems that AT&T is hoping to conserve the amount of network bandwidth that would be chewed up by unlimited customers, while also having it function as a value-added feature for its newest shared data plans. In terms of usage, this FaceTime capability will use up part of your data allotment (instead of minutes). So, the good news is that the feature is free -- the bad news is that it won't make unlimited users any happier. Find AT&T's official statement below. AT&T … [Read more...] about AT&T: FaceTime over cellular feature to be included in Mobile Share plans at no extra charge, not available for other data plans