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[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. […]
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 separate SHUI unit code. THRESHOLD FOR SHUI CONTRIBUTION […]
Personal Income Tax (PIT) is withheld from the income earned by the employee in Vietnam from providing works under labor contract or agreement. TAX RESIDENT STATUS Tax residence status plays a key role in determining PIT applicable rate when calculation for taxpayer in Vietnam. Tax resident is the individual residing in Vietnam more than 183 […]
COMPULSORY SOCIAL INSURANCE CONTRIBUTION Once the employment is engaged, both employer and employee are required to contribute Social Insurance (SHUI) on monthly basis. The Company registers SHUI unit code for SHUI contribution Foreign labor is required to contribute SHUI under separate SHUI unit code THRESHOLD FOR SHUI CONTRIBUTION Salary for SHUI contribution is based on […]