Tax exemption under income tax

Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a Ministry of Finance circular effective in March. … [Read more...] about Science, tech firms in Vietnam to enjoy 13 years of tax deduction

Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled 2019's figure to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. Some 3.4 million tonnes of finished construction steel were produced, up 22.5 per cent against 2019. … [Read more...] about Hòa Phát Group posts 80 per cent growth in after-tax profit

Inequality is costing lives Afro-descendants in Brazil are 40 per cent more likely to die of COVID-19 than white people while nearly 22,000 black and Hispanic people in the US would still be alive if they experienced the same COVID-19 mortality rates as their white counterparts. Infection and mortality rates are higher in poorer areas of countries such as France, India, and Spain while England's poorest regions experience mortality rates double that of the richest areas. … [Read more...] about Wealth inequaity increases after COVID-19

Policy support is deemed the key reason for the constant rise in inward remittance volume. Up until now, two positive points in the legal aspect are noted. Firstly, the recipients are not required to pay personal income tax as applied to other kinds of personal income that is regarded as an advantage compared to many other countries. … [Read more...] about Prospects remain bright over dented remittance inflows

Results showed that so far, about 270 delegates from these provinces have partaken in the events including 300 key planners participating in workshops, and 60 people participating in consultation process – with 30 per cent being women. They are representatives from province, district, and commune levels. “Participants have been equipped with knowledge about impacts of disasters and climate change on all sectors of their localities. Especially, they understand that it is necessary to boost the integration of DRR-CCA in their localities’ SDPs,” stated a report from the Project Management Unit. … [Read more...] about Equipping localities in climate fight