Updates to Social Insurance Contributions for Foreign Employees
Social insurance rates for foreign workers in Vietnam increase from 1 January 2022. Total SI contribution will be 17% for the first half of 2022 and increase to 17.5% from 1 July 2022
For more information: https://linksinternational.com/blog/vietnam-labour-law-update-si-contribution-for-foreign-employees/
New Guidance for PIT and VAT Management for Businesses and Individuals
Circular 100/2021/TT-BTC amended Circular 40/2021/TT-BTC.
Changes include:
- eCommerce organizations are not required to declare taxes on behalf of the sellers
- Business households and individuals with annual revenue of VND100 Million or less will not be subject to PIT or VAT
Adjustment to Pensions, Social Insurance Benefits, and Monthly Benefits
From 20 January 2022, 7 groups will receive a 7.4% rise in their pensions, social insurance allowances, and monthly subventions under Decree 108. Individuals whose monthly allowance of VND2.3 million and below will receive an additional VN200,000. Those with a monthly allowance between VND 2.3 million and under 2.5 million will receive an additional allowance to make their total VND2.5 million each per month.
Source: Links International
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