Karnataka Shops and Establishment Act, PIT in Vietnam – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
Karnataka Shops and Establishment Act registration is a mandatory requirement for all companies, persons, and legal entities planning to set up a shop or commercial establishment in the Indian state.
The Act regulates commercial establishments in areas such as working hours prescribed for employees, annual leaves with wages, wages and compensation, employment of women and children, and other aspects.
The article discusses which cities will benefit from being along the shortest route between China and Europe.
The Meridian Highway will stretch from the Belarus border with the European Union to the Russian border with Kazakhstan, providing the European and Urals leg of an existing highway that already crosses Kazakhstan to China.
Tax reductions and financing await for Belt and Road Investors if they know where to look and who to ask.
For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) involves decoding a number of rules. Following this, foreign workers need to calculate their precise liability and any applicable deductions.
The article introduces the basics of PIT, before explaining tax-exempt incomes (employment benefits that are not subject to PIT) and tax reductions for dependents.
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