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On 10 December 2025, Vietnam National Assembly has passed Law on Personal Income Tax 2025 with certain prominent changes. One noticeable of those is to reduce the number of tax brackets from seven (7) to five (5) applicable on assessable income to calculate PIT. The top rate of 35% remains unchanged and applies on income […]
Full compliance with regulations in host countries can reduce bureaucratic processes and penalties, demonstrate a commitment to development, and help establish a positive workplace for employees. One notable point of ongoing compliance when doing business in Vietnam is contributing Social Insurance (SHUI) on monthly basis once the employment is officially engaged via employment contract. Compulsory […]
PERSONAL INCOME TAX (PIT) COMPUTATION Personal Income Tax (PIT) is withheld from the income earned by the employee in Vietnam from providing works under labor contract or agreement. PIT is calculated on accessible income with progressive rate from 5% to 35% or by flat rate at 10%, depending on each type of employment. For non-tax […]
Personal Income Tax (PIT) is withheld from the income earned by the employee in Vietnam from providing works under labor contract or agreement. PIT is calculated on accessible income with progressive rate from 5% to 35% or by flat rate at 10%, depending on each type of employment. For non-tax resident, flat rate 20% is […]
Threshold of Compulsory Social Insurance in Vietnam Compulsory SHUI scheme in Vietnam includes three key elements, in particulars: 🔷 Social Insurance (SI) 🔷 Health Insurance (HI) 🔷 Unemployment Insurance (UI) Threshold of SI & HI contribution is 20 times of “referral salary” i.e. VND 46,800,000 (equivalent to USD1,800). From 1 Jul 2025, referral salary (RS) […]
Labor contract means an agreement between an employee and an employer on paid work, on wages [salary, remuneration], on working conditions, and on the rights and obligations of each party to the labor relationship. A legal labour contract generally includes four primary components: Employment Salary, wage, or remuneration Management and supervision Employment cost Employment term […]
Operating in a host country requires strict statutory compliance, including timely filings and tax return submissions. A Compliance Calendar outlines statutory reporting deadlines, enabling companies to schedule tax filings and submissions efficiently for the fiscal year 2026. Download PDF file
Full compliance with regulations in host countries can reduce bureaucratic processes and penalties, demonstrate a commitment to development, and help establish a positive workplace for employees. One notable point of ongoing compliance when doing business in Vietnam is contributing Social Insurance (SHUI) on monthly basis once the employment is officially engaged via employment contract. Compulsory […]
[Update | Being effective from 1 July 2024] Compulsory Social Insurance Contribution Once the employment is engaged, both employer and employee are required to contribute Social Insurance (SI), Health Insurance (HI) and Unemployment Insurance (UI) on monthly basis. The Company registers SHUI unit code for SHUI contribution Foreign labor is required to contribute SHUI under […]
Obtaining Work Permit (WP) is an essential step for the enterprise which have foreign labor recruitment. Based on the particular requirement of each position, the enterprise is liable to choose appropriate position/ role and register it with Vietnam authority prior employment. By having Work Permit, the expatriate is allowed to work officially for Vietnam-based enterprise. […]