HCMC TAX DEPARTMENT GUIDELINES FOR PIT FINALIZATION IN 2022
I.  TAX PAYER WHO NEED TO DO THE PIT FINALIZATIONA. For person who do the finalization directly with Tax departmentIndividuals who have 02 sources of income (or more) that not meet the requirement of authorization, must process the PIT finalization directly with Tax department if having additional tax payable or overpaid tax amount, request refund...
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EXPIRY COMING SOON: Report on Occupational Accidents in the first 6-months of 2022
Comply with the provisions of the Law on Occupational Safety and Health on statistics and reports on occupational accidents and technical incidents causing serious occupational safety problems and detailed regulations of the Government, the Ministry of Labor, War Invalids and Social Affairs on the implementation of articles of the Law on Occupational Safety and Health.The...
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EXPIRY COMING SOON: Report on using the foreign labor
According to Decree 152/2020/NĐ-CP on December 30th, 2020 about foreign employees who are working in Vietnam and recruitment, management local employees who are working for foreign enterprises in Vietnam.To implement in accordance with the law of report on using foreign employee, Department of Labour, War invalids and Social affairs (Labor department) require enterprises to do...
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Conditions and rates of pensions for foreign workers in Vietnam
1. Foreign employees eligible for pension in Vietnam According to Clause 1, Article 2, Clause 1, Article 9 Decree 143/2018/ND-CP, foreign employee who are entitled to pension when working in Vietnam includes:Foreign citizens working in Vietnam;Subject to participation in compulsory social insurance when having a work permit or a practicing certificate or a practicing license issued...
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3 things to know about foreign investors buying shares, contributing capital,  or portion of capital contribution into Vietnam
Currently, many foreign investors (FI) buy shares, contributed capital, and a portion of capital contribution in Vietnam, and in certain cases, when FI invest in Vietnam must carry out this procedure at a competent authority.  1. Forms of contributing capital, purchasing shares, and the portion of capital contributionIn Article 25 of the Investment Law 2020,...
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WHAT ARE THE SIMILARITIES AND THE DIFFERENCE BETWEEN A VISA AND A TEMPORARY RESIDENCE CARD IN VIETNAM?
Visa and temporary residence card are two types of important documents that any foreigner who wants to enter Vietnam to work, study or live must apply (Except for specific circumstances that are exempt).However, many people wonder: what are the similarities and the difference between a visa and a residence card in Vietnam? In which instances do you...
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INCREASED FINES FOR MANY VIOLATIONS RELATED TO COMPULSORY SOCIAL INSURANCE, UNEMPLOYMENT INSURANCE
The Ministry of Labor, War Invalids, and Social Affairs is drafting a Decree regulating penalties for administrative violations in the field of labor, Social Insurance (SI), and sending Vietnamese employees to work abroad under the contract (replacing Decree 28/2020/ND-CP): ► Violation of regulations on payment of compulsory SI and unemployment insurance (UI):: A punitive fine ranging from...
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NEW UPDATE: DOCUMENTS, PROCEDURES FOR GRANTING THE JUDICIAL RECORD CERTIFICATE FROM 01/07/2021
The latest regulation of the Residence Law 2020 has officially abolished the paper-record of household registration book and the temporary residence book in the management of the residence. Accordingly, the procedure for requesting a judicial record certificate No. 1, effective from July 1, 2021, has changed and is simpler than before. A.  Procedure:1.  Submit your application...
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THE VIETNAM SOCIAL INSURANCE AGREES FOR EMPLOYEES TO BE EXEMPTED FROM PAYING INTO THE HEALTH INSURANCE FUND FOR 8 MONTHS
The Vietnam Social Insurance (SI) agrees with the proposal of the Vietnam General Confederation of Labor (VGCL) for employees to be exempted from paying into the Health Insurance (HI) Fund from June 2021 to January 2022.After VGCL reported on a new support package for employees and businesses affected by the Covid-19 epidemic, which recommends the...
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4 SALARY-RELATED ISSUES IN COVID-19 PANDEMIC
Covid-19 not only affects the health of people but also the work and salary of employees. This article will mention the arising issues that business owners and employees are concerned about salary during the Covid-19 epidemic.According to the provisions of Article 95 of the Labor Code 2019 on the salary payment of to employees:“Article 95....
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FROM 15/4: Increasing the level of administrative penalties for violations behaviour regarding labor
From April 15, 2020, Decree 28/2020/ND-CP will come into effect, which stipulates administrative sanctions in the field of labor, social insurance, sending Vietnamese workers to work abroad under the labor contract, and replaces Decree 95/2013/ND-CP and Decree 88/2015/ND-CP. Accordingly, the increase in the level of administrative penalties for violations behavior in the labor field aims...
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THE LATEST REPORT FORM OF USING LABOR APPLIED FROM 01/02/2021
Labor management is a necessary thing to do for businesses to have an effective policy of using labor. From 01/02/2021, the form of the report on the use of labor made as the form 01/PLI, promulgated in Decree 145/2020/NĐ-CP.When do businesses have to report their employment situation?Following to Article 4, Decree 145/2020/NĐ-CP, the declaration when first using labor,...
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How to handle wrongly issued e-invoices
When issuing an electronic invoice (“E-invoice”), errors can occur in the invoicing process. The accountant must base on each specific error case to apply the correct way of adjustment according to regulationsI. An overview of how to handle the incorrectly written e-invoices is as follows:- If not send for the client, is allowed to cancel...
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Switch labor position: What should employer keep in mind?
In fact, due to production and business needs, or external force majeure factors such as fires, natural disasters, floods ... The employer has a plan to switch the employee to another job or position with the original labor contractual agreement. 1. When is the enterprise allowed to switch employees to jobs or positions other than the...
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THINGS NEED-TO-KNOW ABOUT LABOR CONTRACT 2021
What is the labor contract?Labor contract is an agreement in writing between the employer and the employee about the salary, working condition, benefit and obligation of each other. In case two parties agree by another name but have contents showing the job, salary and the management, administration, and supervision of one party, it is also considered the...
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27 BUSINESS SECTORS WITH SPECIAL INVESTMENT INCENTIVES
Before conducting investment in the form of establishing new economic organizations in Vietnam, foreign investors always need to refer to business sectors with investment incentives policies that the State of Vietnam has issued in order to entitle special incentives to support effective business investment activities.When registering special industries with investment incentives, investors will be entitled...
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FROM 01/04/2021, NEW HEALTH INSURANCE CARD WILL TAKE EFFECT. THEN HOW THE OLD CARD WILL BE USED FOR HEALTH CHECK?
On 16/3, Vietnam Social Insurance Agency informed that on 01/04/2021, new form of health insurance card (HI card) will be used nationwide according to Decision No. 1666/QD-BHXH of Vietnam Social Insurance. Currently, Vietnam social insurance agency is actively preparing to ensure the timely printing and issuing of new cards according to regulations in order to...
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REGULATION ABOUT LICENSE TAX RETURN
Business license tax (BLT) is a direct tax imposed on entities that conduct business activities in Vietnam and are paid by the enterprises themselves on an annual basis.….is the amount that a company or business household must pay yearly. So, what is the deadline to submit this fee? And how much is the fee now?...
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03 REMARKABLE ISSUED TO BE ATTENTION WHEN WORKERS MUST STOP WORKING
In the process of business operations, it is difficult for enterprises to avoid unexpected incidents that are forced to temporarily suspend operations such as electricity and water incidents; natural disasters, enemy sabotage, epidemics; damaged machinery and equipment; occupational accidents,… lead to work stoppages. So when the employee is stopped working, does the employer have to...
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SOME CASES OF PAID LEAVES FOR EMPLOYEES APPLIED FROM 01/01/2021
Starting from 01/01/2021, the employer should be noted some cases of paid leaves for employees such as holidays, annual leaves, ... according to Labor code 2019 and Decree 145/2020/NĐ-CP, specially as below:Summary:Independent day: increased to 02 days instead of 01 days as previous regulations in the Labor Code 2012.Supplementing the case that the employee can...
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TRADE-UNION FEE FOR FOREIGN LABOR IN VIETNAM
Ho Chi Minh City Confederation of Labor issued Guideline 05 / HD-LDLĐ on March 31, 2020, on some related contents to contribute trade union fees.Accordingly, the contribution of trade union fees for foreign labor working in Vietnam (according to Article 5 of Decree 191/2013 / ND-CP and Clause 1, Article 2 of Decree 143/2018 /...
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VIETNAM GOVERNMENT APPROVES 30% CORPORATE INCOME TAX (CIT) REDUCTION FOR 2020
The Government hereby promulgates the Decree on detailing the implementation of the National Assembly’s Resolution No. 116/2020/QH14 on the reduction of enterprise income tax payable in 2020 for enterprises, cooperatives, non-business units, and other organizations.Who is eligible?The 30 percent CIT reduction will apply to all businesses with revenue of less than US$8.8 million (VND200 billion)...
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CASES GRANTED THE TEMPORARY RESIDENCE CARD FROM 01/07/2020
1. What’s the temporary residence card?Temporary residence card is a document that allows foreign citizens to temporarily reside and work in Vietnam for a long time. With temporary residence cards, foreigners can exit and enter the country many times during the duration of the temporary residence card without having to extend the Vietnam Visa.2. Who...
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NOTICE: Office Closed for Company Trip
Dear valued client, Please be informed that our office will be closed for a Company Trip from June 12th, 2020 (Friday) to June 14th, 2020 (Sunday). The business will resume on June 15th, 2020 (Monday). We regret any inconvenience caused. Thanks & Best regards
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THE NEW LEVEL OF FAMILY CIRCUMSTANCE-BASED DEDUCTIONS WILL TAKE EFFECT ON JULY 1, 2020
According to Resolution No. 954/2020 / UBTVQH14 signed on June 2, 2020, by National Assembly Chairman Nguyen Thi Kim Ngan on increasing the level of family circumstance-based reduction in calculating personal income tax.The Resolution has adjusted the level of family circumstance-based reduction prescribed in the Law on Personal Income Tax as follows:- The new deduction...
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New dispatch: SUPPORT FOR FOREIGNERS, WHO ARE INVESTORS/EXPERTS/MANAGERS ENTER VIETNAM TO WORK
Information from the Department of Health of Ho Chi Minh City, this agency has received documents from companies and businesses in Ho Chi Minh city on supporting foreigners who are investors, technical experts, skilled workers, business managers (referred to as experts) to enter Vietnam to work.Refer to the official dispatch from Department of Labor War...
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WHO IS NOT ALLOWED TO WORK AS AN ACCOUNTANT ??
Minors;Persons who are managers, executives in the same accounting unit;Storekeepers and cashiers in the same accounting unit;Persons assigned the task of regularly buying and selling assets in the same accounting unit;Except in the case of a private enterprise, an individual-owned limited liability company and other non-state-owned enterprises and microenterprises in accordance with the law on...
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SOME NOTABLE POINTS REGARDING PIT FINALIZATION IN VIETNAM?
Conditions authorized tax finalization 2021Cases eligible for personal income tax (PIT) finalization are guided under Article 21 of Circular 92/2015 / TT-BTC (Amendments to Article 16 of Circular No. 156/2013 / TT-BTC ).Individuals with income from salaries and wages are allowed to authorize income-paying organizations and individuals to carry out the PIT finalization in the...
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Do Laborers working under a probationary contract have to participate in compulsory social insurance in probation period or not?
Probationary contracts are stipulated in Articles 26 and 27 of the Labor Code No. 10/2012 / QH13 as follows: 1. The content of a probationary contract includes:a) Name and address of the employer or the legal representative.b) The full name, date of birth, gender, residence address, identity card number or other legal papers of the...
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QUESTIONS ASKED BUT NEVER OLD: “How long do you have to contribute social insurance to entitled to maternity benefits?”
Regulations on maternity regimes are always a top concern for female employees when giving birth. However, to be entitled to maternity benefits, employees must meet the conditions of the time of participation in social insurance (hereinafter referred to as "SI") before giving birth. How long do female employees have to contribute social insurance to entitled to...
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WORK PERMIT TIPS: What do you need to keep in mind when implementing this procedure in  Vietnam
Expert Confirmation Letter Or Bachelor Degree?In cases where foreign workers need to apply for a work permit as an expert, a letter of expert or bachelor's certificate is required.Note that foreign workers need experience in the position of an expert with the relevant industry for more than 3 years.Does appointment letter have to consular legalization?The...
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FROM 01/07/2019: INCREASING MATERNITY BENEFITS
Vietnam Social Insurance on July 1 said that with the basic salary raised to VND 1,490,000 / month from today, the maternity allowance for female employees has also been adjusted accordingly.According to Article 38 of the Law on Social Insurance, 2014, birth of female labor will be paid lum-sump allowance for once per child by...
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FROM 2020: STARTING THE ISSUED OF ELECTRONIC HEALTH INSURANCE CARD
Vietnam Social Insurance said that according to the roadmap from 1-1-2020, the social insurance agency will implement the electronic health insurance card issuance for participants.According to Vietnam Social Insurance, the conversion from paper health insurance cards to electronic health insurance cards will bring benefits to all stakeholders such as health insurance participants, medical facilities and...
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HOLIDAY NOTICE - LUNAR NEW YEAR'S DAY 2019
Dear valued clients,Another great TET is coming,ESOS would like to express our thanks for your kind trust and cooperation for such a great journey and hope it will be well continued by coming years.We would like to inform that ESOS Company will be closed for Lunar New Year Holidays from Feb 2nd, 2019 until end...
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REFORM POLICY FOR SOCIAL INSURANCE - Increase social insurance benefits for employees from July 1, 2019
In Resolution No. 70/2018 / QH14 dated November 9, 2018 on the State budget estimate for 2019, The National Assembly assigns the Government to adjust the basic salary from VND 1.39 million/month to VND 1.49 million/month from July 1, 2019, increasing the level of compulsory social insurance for employee to suit the new base salary.Specifically, from...
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ANNUAL OPERATION REPORT FOR FOREIGN REPRESENTATIVE OFFICE IN VIETNAM
Decree No. 07/2016/ND-CP of the Government's, detailing the Commercial Law regarding representative offices and branches of foreign traders in Vietnam:"Annually, before the last working day of the January in next year, the representative office must submit a written report about its operation in the year to the agency which issued the license for the establishment...
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WE ARE HIRING, RENG RENG RENG!!!!
 1. PAYROLL SPECIALIST – CLIENT SERVICE TEAM – CODE CS101JOB DESCRIPTIONSImplementing tasks as respond, consult and perform what client requires relating on ESOS’s business line (payroll, tax, social insurance…).Directly working with the authority (Tax Department, Social Insurance Agency, Department of Industry and Trade) to perform company’s servicesAnswering calls and liaising with clients and partners competentlySales...
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