20 Tháng 04

SOCIAL INSURANCE – DO I SUBMIT IT CORRECTLY?

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Do you know that debt of social insurance is the same with crime since 1/1/2018?Accordingly, Deputy General Director of Vietnam Social Insurance has enhanced inspection requirements, arrears, and penalties to organizations and individuals with activity mentioned above. Generally, there's 102,900 company has social insurance debt, 8,800 cases were reported, more than 6,000 billion were collected...

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10 Tháng 04

How do Expatriate pay personal income tax in Vietnam?

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20 Tháng 03

THE NATURE OF SOCIAL INSURANCE

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According to the text of the law, "social insurance is a guarantee of replacement or compensate a part of income for workers when they suffered a decrease or loss of earnings due to sickness, pregnancy, most working age or even death"Simply speaking, social insurance is a fund created by workers and employers through 8% of...

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09 Tháng 02

PIT FINALIZATION 2017

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Every year, the time of transfer from old to new year is always the most busy time. Besides preparing for Tet, do not forget to check and complete the responsibility of PIT finalization - to create favorable conditions for a new financial year with much luck and success.

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20 Tháng 01

KEY CHANGES OF VIETNAM SOCIAL INSURANCE POLICY SINCE 2018

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Add two subjects must participate in compulsory social insuranceSince Jan 1st 2018, besides those who have paid compulsory social insurance as current policy, there’s two more cases are required, namely those who work under a labor contract with a term of one month or more to less than three months; and employees who are foreign...

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16 Tháng 01

EXPAT PERSONAL INCOME TAX REGULATIONS

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When it comes to living in Vietnam, income tax is a topic that expats will not be able to avoid.Download ESOS documents to study about the income tax regulations for expats.If you need further advice on your individual situation, we recommend you talk to our trustworthy tax advisor – ESOS Expat Soulmate – Hotline 0902 818...

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16 Tháng 01

THE SOCIAL INSURANCE FOR PROBATIONARY CONTRACTS AND SOME NEW POINTS IN USING HEALTH INSURANCE CARD FROM 01/01/2018

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NEW REGULATION ABOUT SOCIAL INSURANCE FOR PROBATIONARY CONTRACT:According to dispatch of the Ministry of Labor - Invalids and Social Affairs (Vietnam) and Vietnam Social Insurance, employees whose probation periods are recorded in the labor contract which belongs to compulsory social insurance, the employer and employee must pay compulsory social insurance for the whole probation period.NEW...

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06 Tháng 09

ARE YOU TIME-CONSUMING FOR PAYROLL?

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Payday is a happy time of the employee, but the previous stage may be a nightmare of HR staffs who perform payroll tasks. They take much time to handle both other tasks of HR department, payroll tasks and repeat busy to solve a lot of unexpected hassle in payroll tasks each month.Almost people think that...

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22 Tháng 07

4 INVISIBLE HASSLE IN PAYROLL MANAGEMENT

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Payroll is One of the tasks indispensable in your corporate, Manage it well make your employee happy with work and effort to contribute more to your business. Moreover, your business doesn't get any trouble with the authorities with a good payroll management system.Payroll management is like an iceberg. You can see that is a very...

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11 Tháng 07

APPLY NEW EXCHANGE RATE FOR CALCULATING SOCIAL INSURANCE FROM 03/07/2017

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Base on Clause 1st, Article 26th, Decree No. 115/2015/NĐ-CP passed on 11/11/2015 of Government detail in some of Social Insurance Law Article regulate about compulsory social insurance;Base on announcement no. 213/TB-NHNN on 03/07/2017 of The State Bank of Vietnam about announcing the average exchange rate on the interbank foreign currency market of VND against the...

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28 Tháng 06

TIPS FOR PAYROLL MANAGEMENT PROCESS

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The Payroll process is one of the essential tasks in all business to maintain operation work well. This process is simple, but not always right, if you are not careful, leading your corporation to a nightmare.Tips for creating a better payroll management processAlthough every business has different needs in their payroll, there are certain steps...

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01 Tháng 06

CHANGE THE RATE OF SUBMITTING SOCIAL INSURANCE FOR EMPLOYER FROM 01/06/2017

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According to announment of Ho Chi Minh City Social Insurance Agency, the monthly contribution to the occupational accident insurance and occupational disease insurance fund from June 1, 2017 of 0.5% the base for payment of social insurance of employees instead of the old rate is 1% of the salary fund used as the basis for...

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21 Tháng 05

WHAT IS PAYROLL - WHY SHOULD YOU OUTSOURCE YOUR PAYROLL?

Post at NGUYEN DUNG ESOS

What is payroll?Payroll is The process maintains records of payroll salary, taxes, fringe benefits, attendance/absence, time worked and employee paycheck, performed by HR department. Why should you outsource your payroll?In most business, administrative and back-office activities such as payroll are a non-core function. A non-core function is one of that is not a profit center. A...

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12 Tháng 04

CRITERIA FOR THE BEST PAYROLL SERVICE PROVIDER

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Let’s make use of all your resource as: time, cost, human, effort…..to create value and profit for your company, instead of calculating wage/salary, Tax, Social Insurance, Compensation & benefit….Why you don’t outsource your payroll. This is the best solution for problems in HR management, help you reduce cost, save time, stop error, focus on your...

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21 Tháng 02

ENTRY/EXIT, WORK PERMIT, RESIDE - WHAT PROCEDURE EXPAT MUST KNOW

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Procedure of Entry/Exit, Residence, Work Permit are forced for foreigner who do business trip, work or live in Vietnam.  Although Foreign Worker Labor Law has been updated reasonably and conveniently, foreigner will waste much time, if they do all procedure. These difficulties because of some reasons: you have to prepare all necessary documents carefully before submitting, you must also have...

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14 Tháng 02

APEC BUSINESS TRAVEL CARD

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What is APEC card (ABTC)?- The APEC Business Travel Card is a travel document issued to business travelers who are citizens of APEC participating economies. The card eliminates the need for its holder to possess a visa when visiting other APEC participating economies as long as pre-clearance has been obtained during the application process (not replaced for Passport), thereby exit or entry APEC...

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06 Tháng 02

ARE YOU UNINTENTIONAL TAX EVASION?

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Whether you are any individual, you have arisen income in taxable group in the past year, so you must proceed tax settlement before March 30, 2017ESOS have solved many individual cases, particular in non-fixed income cases:Freelance are MC, Interpreters, Designer ….Freelance trainer works in short-term for businessIndividual buys or sales real estate, stock….Expats work in...

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02 Tháng 02

GUIDANCE ON 2016 PERSONAL INCOME TAX FINALIZATION

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Under the provisions of the Personal Income Tax Law, the organizations and individuals have paying income and high-income individuals has responsible for withholding declaration and payment of tax to the state budget and tax settlement for taxable earnings.Documentation apply: - Circular No. 111/2013/TT-BTC – on 15/08/2013- Circular No. 156 /2013/TT-BTC - on 06/11/2013- Circular No. 119/2014/TT-BTC...

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01 Tháng 01

Government approves 7.3% minimum wage increase

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Government approves 7.3% minimum wage increaseHÀ NỘI – The government has approved an increase of 7.3 per cent against the regional minimum wage, starting January 1, 2017.According to a decree signed by Prime Minister Nguyễn Xuân Phúc earlier this week, the minimum wage for labourers in Region I will be increased to VNĐ 3,750,000 (US$167) per...

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21 Tháng 12

Significant changes in the social insurance system from 2016

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Workers want the maximum pension benefit for 5 years to pay social insurance (SI), the premium calculated on the salary and allowances, increased sickness allowance ... is the key changes of the Law on Social Insurance Congress 2014 takes effect from 01.01.2016.Social insurance premium increaseThis is the most important changes in the Social Insurance Act...

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