Is there a plan to pay 02 months trực tiếp bóng đá hôm nay euro pension before the 2025 Tet holiday in Vietnam? Is pension subject to personal income tax in Vietnam?

Is there a plan to pay 02 months trực tiếp bóng đá hôm nay euro pension before the 2025 Tet holiday in Vietnam?

Based on Section 27 trực tiếp bóng đá hôm nay euro the Appendix issued withResolution 233/NQ-CP trực tiếp bóng đá hôm nay euro 2024on the November 2024 monthly session trực tiếp bóng đá hôm nay euro the Government trực tiếp bóng đá hôm nay euro Vietnam, the Government trực tiếp bóng đá hôm nay euro Vietnam has specifically assigned tasks to Vietnam Social Security as follows:

Vietnam Social Security is tasked with sustainably expanding the coverage trực tiếp bóng đá hôm nay euro social insurance and health insurance; considering within its authority the organization trực tiếp bóng đá hôm nay euro the payment trực tiếp bóng đá hôm nay euro pensions for 02 months (January and February trực tiếp bóng đá hôm nay euro 2025), and social insurance benefits in the same payment period trực tiếp bóng đá hôm nay euro January 2025, to facilitate the public in joyfully celebrating the Lunar New Year trực tiếp bóng đá hôm nay euro the Year trực tiếp bóng đá hôm nay euro the Snake 2025; closely coordinating with agencies and localities affected by storm No. 3 to promptly complete tasks and solutions to mitigate the storm's effects, contributing to stabilizing the people's lives.

Thus, it is anticipated that Vietnam Social Security will organize the cumulative payment trực tiếp bóng đá hôm nay euro two months' pensions (January and February 2025) before the 2025 Tet holiday to enable the citizens to joyfully celebrate the Lunar New Year trực tiếp bóng đá hôm nay euro the Year trực tiếp bóng đá hôm nay euro the Snake 2025.

To be specific:, the payment trực tiếp bóng đá hôm nay euro two months' pension and social insurance benefits will be implemented in the same payment period trực tiếp bóng đá hôm nay euro January 2025. This means that pensioners will receive a total trực tiếp bóng đá hôm nay euro two months' pension in a single payment.

Is there a plan to pay 02 months trực tiếp bóng đá hôm nay euro pension before the 2025 Tet holiday in Vietnam?Is pension subject to personal income tax in Vietnam? (Image from the Internet)

Is pension subject to personal income tax in Vietnam?

Based on Clause 10, Article 4 trực tiếp bóng đá hôm nay euro theLaw on Personal Income Tax 2007(supplemented by Clause 3, Article 2 trực tiếp bóng đá hôm nay euro the2014 Amended Tax Laws; amended by Clause 2, Article 1 trực tiếp bóng đá hôm nay euro theLuật thuế thu lịch trực tiếp bóng đá), stipulations on tax-exempt income are as follows:

Tax-Exempt Income

...

5. Income trực tiếp bóng đá hôm nay euro households and individuals directly engaged in agriculture, forestry, salt production, aquaculture or fisheries that have not been processed into other products or only through ordinary preliminary processing.

6. Income from conversion trực tiếp bóng đá hôm nay euro agricultural land allocated by the State for production by households and individuals.

7. Income from interest on savings deposits at credit institutions, interest from life insurance contracts.

8. Income from remittances.

9. Night shift pay, overtime pay higher than the day shift pay, as regulated by the law.

10. Pension paid by the Social Insurance Fund; pension paid by the voluntary retirement fund on a monthly basis.

11. Income from scholarships, including:

a) Scholarships received from the state budget;

b) Scholarships received from domestic and foreign organizations according to the study encouragement support programs trực tiếp bóng đá hôm nay euro such organizations.

...

Therefore, under the above regulation, pensions are subject to personal income tax exemption.

Which entities are personal income taxpayers in Vietnam?

Pursuant to the provisions trực tiếp bóng đá hôm nay euro Article 2 trực tiếp bóng đá hôm nay euro theLaw on Personal Income Tax 2007, regulations are as follows:

Tax Payers

1. Personal income tax payers are resident individuals with taxable income as stipulated in Article 3 trực tiếp bóng đá hôm nay euro this Law arising within and outside the territory trực tiếp bóng đá hôm nay euro Vietnam and non-resident individuals with taxable income as stipulated in Article 3 trực tiếp bóng đá hôm nay euro this Law arising within the territory trực tiếp bóng đá hôm nay euro Vietnam.

2. A resident individual is one who meets one trực tiếp bóng đá hôm nay euro the following conditions:

a) Being present in Vietnam for 183 days or more within a calendar year or 12 consecutive months from the day trực tiếp bóng đá hôm nay euro first arrival in Vietnam;

b) Having a regular residence in Vietnam, including having a registered permanent residence or a leased house to reside in Vietnam as per a leased contract trực tiếp bóng đá hôm nay euro a term.

3. A non-resident individual is one who does not meet the conditions specified in Clause 2 trực tiếp bóng đá hôm nay euro this Article.

Thus, as per the aforementioned regulations, those subject to personal income tax include resident individuals with taxable income as specified in Article 3 trực tiếp bóng đá hôm nay euro theLaw on Personal Income Tax 2007arising within and outside the territory trực tiếp bóng đá hôm nay euro Vietnam, and non-resident individuals with taxable income specified in Article 3 trực tiếp bóng đá hôm nay euro theLaw on Personal Income Tax 2007arising within the territory trực tiếp bóng đá hôm nay euro Vietnam.

- A resident individual is one who meets one trực tiếp bóng đá hôm nay euro the following conditions:

+ Being present in Vietnam for 183 days or more within a calendar year or 12 consecutive months from the day trực tiếp bóng đá hôm nay euro first arrival in Vietnam;

+ Having a regular residence in Vietnam, including having a registered permanent residence or a leased house to reside in Vietnam as per a leased contract trực tiếp bóng đá hôm nay euro a term.

- A non-resident individual is one who does not meet the following condition:

+ Being present in Vietnam for 183 days or more within a calendar year or 12 consecutive months from the day trực tiếp bóng đá hôm nay euro first arrival in Vietnam;

+ Having a regular residence in Vietnam, including having a registered permanent residence or a leased house to reside in Vietnam as per a leased contract trực tiếp bóng đá hôm nay euro a term.