How much is trực tiếp bóng đá hôm nay euro Tet bonus for meeting KPIs in Vietnam? Does trực tiếp bóng đá hôm nay euro KPI bonus subject to personal income tax in Vietnam?
How much is trực tiếp bóng đá hôm nay euro Tet bonus for meeting KPIs in Vietnam?
KPI (Key Performance Indicator) is a core performance metric used to assess trực tiếp bóng đá hôm nay euro effectiveness of an individual, team, or organization in achieving set goals. KPIs help track progress, determine success levels, and make improvement decisions based on specific data.
trực tiếp bóng đá hôm nay euro Tet bonus is an amount of money or asset that companies and businesses give to employees at trực tiếp bóng đá hôm nay euro end of trực tiếp bóng đá hôm nay euro year, often before trực tiếp bóng đá hôm nay euro Tết Nguyên Đán holiday. It is considered a reward to acknowledge employees' contributions throughout trực tiếp bóng đá hôm nay euro year.
Accordingly, trực tiếp bóng đá hôm nay euro amount of Tet bonus for employees who meet KPIs can be based on trực tiếp bóng đá hôm nay euro following regulation:
According to Article 104 of trực tiếp bóng đá hôm nay euroLabor Code 2019regarding bonuses:
Bonus
1. A bonus is a sum of money, assets, or other forms awarded by trực tiếp bóng đá hôm nay euro employer to trực tiếp bóng đá hôm nay euro employee based on trực tiếp bóng đá hôm nay euro production, business results, and trực tiếp bóng đá hôm nay euro level of task completion by trực tiếp bóng đá hôm nay euro employee.
2. trực tiếp bóng đá hôm nay euro bonus regulations are determined by trực tiếp bóng đá hôm nay euro employer and publicly announced at trực tiếp bóng đá hôm nay euro workplace after consulting with trực tiếp bóng đá hôm nay euro employee representative organization at trực tiếp bóng đá hôm nay euro establishment, where such an organization exists.
trực tiếp bóng đá hôm nay euro law does not mandate that employers must give a Tet bonus to employees. However, based on production and business results and trực tiếp bóng đá hôm nay euro level of task completion of trực tiếp bóng đá hôm nay euro employee, trực tiếp bóng đá hôm nay euro company may consider awarding a Tet bonus.
Therefore, whether an employee meeting KPIs receives a Tet bonus or how much trực tiếp bóng đá hôm nay euro bonus is depends on trực tiếp bóng đá hôm nay euro company’s decision.
How much is trực tiếp bóng đá hôm nay euro Tet bonus for meeting KPIs in Vietnam?Does trực tiếp bóng đá hôm nay euro KPI bonus subject to personal income tax in Vietnam? (Image from Internet)
Does trực tiếp bóng đá hôm nay euro KPI bonus subject to personal income tax in Vietnam?
According to Point e, Clause 2, Article 2 ofCircular 111/2013/TT-BTC, regulations on types of bonuses not subject to personal income tax are as follows:
Taxable Income
...
2. Income from salaries and wages
...
e) Bonuses in cash or non-cash in any form, including stock-based bonuses, except for trực tiếp bóng đá hôm nay euro following bonuses:
e.1) Bonuses that accompany titles awarded by trực tiếp bóng đá hôm nay euro State, including bonuses accompanying emulation titles, and commendations as per legal regulations on emulation and commendation, specifically:
e.1.1) Bonuses accompanying emulation titles such as National Emulation Soldier; Emulation Soldiers at trực tiếp bóng đá hôm nay euro ministry, sector, central organization, province, city under central authority; basic-level emulation soldiers, Advanced Worker, Advanced Fighter.
e.1.2) Bonuses accompanying commendation forms.
e.1.3) Bonuses with titles awarded by trực tiếp bóng đá hôm nay euro State.
e.1.4) Bonuses accompanying awards given by associations, organizations of political, socio-political, social, and social-professional organizations at central and local levels in accordance with that organization’s charter and with trực tiếp bóng đá hôm nay euro provisions of trực tiếp bóng đá hôm nay euro Law on Emulation and Commendation.
e.1.5) Bonuses accompanying trực tiếp bóng đá hôm nay euro Ho Chi Minh award, State award.
e.1.6) Bonuses with commemorative medals, insignia.
e.1.7) Bonuses accompanying Certificates of Merit, Commendation Letters.
trực tiếp bóng đá hôm nay euro authority to issue commendation decisions, trực tiếp bóng đá hôm nay euro level of bonuses accompanying emulation titles, and commendation forms must comply with trực tiếp bóng đá hôm nay euro Law on Emulation and Commendation.
e.2) Bonuses with national and international awards recognized by trực tiếp bóng đá hôm nay euro State of Vietnam.
e.3) Bonuses for technical improvements, inventions, and innovations recognized by competent State agencies.
e.4) Bonuses for detecting and reporting legal violations to competent State agencies.
...
Thus, according to trực tiếp bóng đá hôm nay euro above regulations, trực tiếp bóng đá hôm nay euro KPI bonus does not belong to trực tiếp bóng đá hôm nay euro type of bonuses exempt from personal income tax, so KPI bonuses for employees must still be subject to personal income tax.
What types of income are exempt from personal income tax in Vietnam?
According to Article 4 of trực tiếp bóng đá hôm nay euroPersonal Income Tax Law 2007(supplemented by Clause 3, Article 2 of trực tiếp bóng đá hôm nay euroLaw Amending Tax Laws 2014and Clause 2, Article 1 of trực tiếp bóng đá hôm nay euroAmended Personal Income Tax Law 2012), income exempt from personal income tax is as follows:
- Income from trực tiếp bóng đá hôm nay euro transfer of real estate between spouses; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- Income from trực tiếp bóng đá hôm nay euro transfer of residential houses, homestead land use rights, and assets attached to homestead land of individuals in cases where individuals have only one home, homestead land.
- Income from trực tiếp bóng đá hôm nay euro transfer of land use rights allocated by trực tiếp bóng đá hôm nay euro State to individuals.
- Income from inheritance or gifts of real estate between spouses; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; grandparents and grandchildren; siblings.
- Income of households and individuals directly engaged in agricultural, forestry production, salt-making, aquaculture, and fishing that has not been processed into other products or only undergone preliminary processing.
- Income from trực tiếp bóng đá hôm nay euro conversion of agricultural land allocated by trực tiếp bóng đá hôm nay euro State to households and individuals for production.
- Income from interest on savings deposits at credit institutions, interest from life insurance contracts.
- Income from remittances.
- Salary for night work or overtime wage paid higher than that for working during trực tiếp bóng đá hôm nay euro day or regular working hours as per trực tiếp bóng đá hôm nay euro law.
- Retirement pensions paid by trực tiếp bóng đá hôm nay euro Social Insurance Fund; pensions paid monthly by a voluntary pension fund.
- Income from scholarships, including:
+ Scholarships granted from trực tiếp bóng đá hôm nay euro state budget;
+ Scholarships awarded by domestic and international organizations under their educational promotion support programs.
- Income from compensation for life insurance, non-life insurance, accident compensation, state compensation, and other compensations as per trực tiếp bóng đá hôm nay euro law.
- Income received from charity funds permitted or recognized by competent state authorities that operate for charitable, humanitarian purposes not intended for profit.
- Income received from foreign aid for charitable, humanitarian projects in trực tiếp bóng đá hôm nay euro form of governmental and non-governmental aid approved by competent state authorities.
- Income from salaries or wages of Vietnamese crew members working for foreign ships or Vietnamese ships in international transportation.
- Income from primary ship owners, ship users, and ship crew members from trực tiếp bóng đá hôm nay euro provision of goods and services directly serving offshore fishing activities.
