If you have not filed your income tax return (ITR) or do not file ITR then you might have to pay a higher amount of TDS/TCS from July 1, 2021. This is because as per an announcement made in Budget 2021, a person who has not filed ITR for the previous two financial years and the aggregate TDS and TCS deducted from payments made to him/her in each of these financial years exceeds Rs 50,000, then such person would be subjected to higher TDS rate. This will rule will come into effect from July 1, 2021. To simplify this: Suppose…
Author: Miley Selena
Many Singaporean investors have also been eyeing the Vietnamese market in recent years while around 12,000 Vietnamese citizens live in Singapore. Vietnam and Singapore on Monday agreed to work toward recognizing each other’s vaccine certificates to soon resume commercial flights. At a meeting in Hanoi on Monday Foreign Minister Bui Thanh Son and his Singaporean counterpart, Vivian Balakrishnan, agreed to speed up the establishment of a working group for mutual vaccine certificate recognition so that their two countries could soon resume air travel to revive the economy. Related: Hanoi reopens barber shops and restaurants from tomorrow Many Singaporean investors have also…
Vietnam’s local Covid-19 tally up by 47 with 36 cases were recorded in Ho Chi Minh City, nine in the northern province of Bac Giang, and one each in the central province of Nghe An Province and the Central Highlands’ Gia Lai Province. In HCMC, 30 cases are those that have had direct contact with Covid-19 patients, three related to a church cluster emerging late last month in Go Vap District and the sources of transmission for another three are still unclear. The nine cases in Bac Giang are related to clusters at its industrial parks. The patient in Nghe…
Deloitte has told its 20,000 UK staff that they can work wherever they want when Covid restrictions are lifted as the accountancy firm adopts a fully flexible approach. Chief executive Richard Houston confirmed on Friday that its 20,000-strong workforce will be able to choose when, where and how they work in the future. The auditing giant, which is one of the “big four” accounting firms, said the pandemic had accelerated its hybrid working model. Deloitte has allowed extended flexible working since 2014, but less than half its UK workforce worked from home on a regular basis before Covid-19. The move…
Vietnam has recorded its 67th Covid-19 fatality of an elderly man with underlying medical conditions in HCM City, according to the Ministry of Health. The 75-year-old patient was sent to Cu Chi Field Hospital after testing positive for Covid-19 on June 14. He suffered from high blood pressure, diabetes and dyslipidaemia. The patient then poorly responded to treatment, so he was provided with more intensive treatment with a ventilator. However, he continued getting worse with a septic shock and multiorgan dysfunction and died on Sunday. This was Vietnam’s 32nd Covid-19 death since late April when the fourth Covid-19 wave started…
Vietnam confirmed 90 new cases of Covid-19, including two from abroad, in the past six hours to 12 pm on Monday noon, according to the Health Ministry. Two cases from abroad were reported in Tay Ninh Province. Meanwhile, among 88 locally-infected patients, 63 were from HCM City, 16 from Bac Giang, four from Nghe An, three from Bac Ninh and two from Ha Tinh. Most of the domestic infections are from quarantined or locked down areas and three in Nghe An Province are still under epidemic investigations. The pandemic has spread to 41 cities and provinces across the country since…
Since late April, Vietnam has been battling a fourth wave of COVID-19. New hotspots have emerged as more infectious variants have prompted fresh lockdowns and social distancing in cities and industrial zones in north, central, and southern regions. Much has been written about the impact of the pandemic on business operations and commercial activities. But what about the impact on consumers? How is their behavior changing in response to this latest outbreak? YouGov – an international research and data analytics company, headquarter in London, England, present in 40+ countries, has now interviewed a thousand people to find out. Through its…
Barbers in Hanoi and HCMC are going to customers’ homes to make a living as their shops remain closed due to the Covid-19 pandemic. More stories at Vietnam Insider’s Homepage. For a month now Nguyen Thai Hoang, 27, a hairdresser in Hanoi’s Long Bien District, has had his business disrupted, and he has begun to visit his customers instead. He told: “Since the city ordered salons to close we have no choice but to provide services at our customers’ homes. It’s the only way we earn a living amid the pandemic.” His monthly income of around VND10 million ($435) has…
Vietnam’s benchmark VN-Index is set to reach 1,400 points soon after recovering from a correction in early June, analysts said. More stories at Vietnam Insider’s Homepage. Having risen nearly 2 percent last week to a new peak of 1,377 points, its next psychological threshold is at around the 1,400 mark, and reaching it requires the same high volumes, analysts at KB Securities said. Average trading in the first three weeks of June was 15 percent up from the May average to VND25.87 trillion ($1.12 billion). MB Securities said the market has made a successful recovery after the June correction with…
The supply of agricultural products, such as vegetables, food, cattle meat, poultry meat, and fruits, from other provinces to HCMC is still smooth and meets the demand, and prices are stable. HCMC continues to encourage retailers to increase online sales and customer support services amid the current situation. It was recorded that at some points of sale in the supermarket systems of Co.opmart, Tops Market, MM Mega Market, and Bach Hoa Xanh, goods are prepared quite diversely. More stories at Vietnam Insider’s Homepage. Deputy Director of the Department of Industry and Trade of Ho Chi Minh City Nguyen Nguyen Phuong,…