Is trực tiếp bóng đá k+ transportation expenses for employees included in taxable income for PIT in Vietnam?
Is trực tiếp bóng đá k+ transportation expenses for employees included in taxable income for personal income tax in Vietnam?
Pursuant to trực tiếp bóng đá k+ provisions of Clause 2, Article 3 of trực tiếp bóng đá k+Law on Personal Income Tax 2007, amended by Clause 1, Article 1 of trực tiếp bóng đá k+Luật thuế thu trực tiếp bóng đá euro hômon income from salaries and wages of employees subject to personal income tax, as follows:
(1) Salaries, wages and amounts of similar nature to salaries, wages;
(2) trực tiếp bóng đá k+ allowances and subsidies, except for trực tiếp bóng đá k+ following:
- Allowances and subsidies as per law on preferential treatment for people with meritorious services;
- National defense and security allowances;
- Allowances for hazardous, dangerous jobs, industries or workplaces with hazardous, dangerous elements;
- Attraction and regional allowances as stipulated by law;
- Unexpected difficulty subsidies, labor accident subsidies, occupational disease subsidies, one-time allowances for childbirth or adoption, allowances due to reduced working capacity, lump-sum pension subsidies, monthly survivor benefits, and other allowances according to social insurance law;
- Severance, job loss allowances as stipulated by trực tiếp bóng đá k+ Labor Code;
- Social protection subsidies and other allowances that are not of trực tiếp bóng đá k+ nature of salaries, wages as stipulated by trực tiếp bóng đá k+ Government of Vietnam.
Additionally, according toCông đá bóng trực tiếp 79557/CT-TTHT nămon corporate income tax and personal income tax regarding allowances paid to employees, it is stipulated as follows:
Based on trực tiếp bóng đá k+ aforementioned regulations, if trực tiếp bóng đá k+ company pays allowances for housing rent, gasoline (from home to company on a fixed monthly basis), telephone, diligence allowances to trực tiếp bóng đá k+ employees, clearly stating trực tiếp bóng đá k+ conditions and levels of entitlement in one of trực tiếp bóng đá k+ following documents: Labor contract; Collective labor agreement; Financial regulations of trực tiếp bóng đá k+ Company, Corporation, Group; Bonus regulations as stipulated by trực tiếp bóng đá k+ Chairman of trực tiếp bóng đá k+ Board of Directors, General Director, or Director according to trực tiếp bóng đá k+ company's financial regulations, then:
Regarding housing rent, gasoline, diligence allowances: trực tiếp bóng đá k+ company may account for these as deductible expenses when determining corporate income taxable from income if complying with trực tiếp bóng đá k+ provisions of Article 4 of Circular No. 96/2015/TT-BTC and these are included in trực tiếp bóng đá k+ taxable income of trực tiếp bóng đá k+ employee for personal income tax.
Regarding telephone allowances: fixed phone expenses for individuals included in deductible expenses when determining corporate income taxable base according to corporate income tax law can be deducted when determining taxable income for personal income tax.
In case trực tiếp bóng đá k+ company pays trực tiếp bóng đá k+ phone expenses for employees exceeding trực tiếp bóng đá k+ fixed expense norm, trực tiếp bóng đá k+ excess amount must be included in trực tiếp bóng đá k+ taxable income for personal income tax."
Thus, based on trực tiếp bóng đá k+ above regulations,transportation expenses is included in trực tiếp bóng đá k+ taxable income of trực tiếp bóng đá k+ employee for personal income tax.
Is trực tiếp bóng đá k+ transportation expenses for employees included in taxable income for PIT in Vietnam? (Image from Internet)
Is trực tiếp bóng đá k+ transportation expenses for employees included in compulsory social insurance contributions in Vietnam?
Pursuant to trực tiếp bóng đá k+ provisions of Clause 3, Article 30 ofCircular 59/2015/TT-BLDTBXH, amended by Clause 26, Article 1 ofCircular 06/2021/TT-BLDTBXHon monthly salary for compulsory social insurance contributions as follows:
Monthly salary for compulsory social insurance contributions
trực tiếp bóng đá k+ monthly salary for social insurance contributions for employees whose wages are decided by employers is stipulated as follows:
...
- trực tiếp bóng đá k+ monthly salary for compulsory social insurance contributions does not include policies and other benefits such as bonuses under Article 104 of trực tiếp bóng đá k+ Labor Code, innovation bonuses; mid-shift meal expenses; gasoline, phone, travel, housing supports, childcare, small children support; support when employees have deceased relatives, employees have family members getting married, employee’s birthday, support for employees facing difficult circumstances due to labor accidents, occupational diseases, and other support and subsidies recorded in a separate section in trực tiếp bóng đá k+ labor contract stipulated at sub-clause c2, point c, clause 5, Article 3 of Circular No. 10/2020/TT-BLDTBXH.
According to trực tiếp bóng đá k+ aforementioned regulations, it can be seen that trực tiếp bóng đá k+ transportation expenses is not one of trực tiếp bóng đá k+ amounts required for compulsory social insurance contributions, in other words,trực tiếp bóng đá k+ transportation expenses for employees is not included in compulsory social insurance contributions.
What is trực tiếp bóng đá k+ rate of compulsory social insurance contributions for employees in Vietnam?
Pursuant to Clause 1, point a, Clause 2, Article 85 of trực tiếp bóng đá k+Law on Social Insurance 2014regarding trực tiếp bóng đá k+ latest rate of compulsory social insurance contributions for employees as follows:
(1) Employees stipulated in points a, b, c, d, đ, and h, clause 1, Article 2 of trực tiếp bóng đá k+Law on Social Insurance 2014, contribute monthly 8% of their monthly salary to trực tiếp bóng đá k+ retirement and survivorship fund.
(2) Employees stipulated in point i, clause 1, Article 2 of trực tiếp bóng đá k+Law on Social Insurance 2014, contribute monthly 8% of trực tiếp bóng đá k+ statutory pay rate to trực tiếp bóng đá k+ retirement and survivorship fund.
(3) Employees stipulated in point g, clause 1, Article 2 of trực tiếp bóng đá k+Law on Social Insurance 2014, contribute monthly to trực tiếp bóng đá k+ retirement and survivorship fund by 22% of trực tiếp bóng đá k+ monthly salary on which social insurance contributions are based before going to work abroad, for employees who have participated in compulsory social insurance previously; or by 22% of twice trực tiếp bóng đá k+ statutory pay rate for employees who have not participated in compulsory social insurance or have participated but have taken a one-time payment of social insurance benefits.
