What are social kết quả bóng đá trực tiếp payment ratios of employers in Vietnam in 2025? Is social kết quả bóng đá trực tiếp payment deductible when calculating personal income tax?

What are social kết quả bóng đá trực tiếp payment ratiosof employers in Vietnam in 2025?

Based on Article 32 of theLaw on Social kết quả bóng đá trực tiếp 2024, the specified rates for social kết quả bóng đá trực tiếp contributions are as follows:

Social kết quả bóng đá trực tiếp payment ratios

1. The mandatory Social kết quả bóng đá trực tiếp payment ratios include:

a) 3% of the salary used as the basis for social kết quả bóng đá trực tiếp contributions to the sickness and maternity fund;

b) 22% of the salary used as the basis for social kết quả bóng đá trực tiếp contributions to the retirement and survival funds.

2. The voluntary social kết quả bóng đá trực tiếp contribution rate is 22% of the income used as the basis for social kết quả bóng đá trực tiếp contributions to the retirement and survival funds.

Based on Article 34 of theLaw on Social kết quả bóng đá trực tiếp 2024, the specified contribution rates for mandatory social kết quả bóng đá trực tiếp by the enterprise (employer) are as follows:

Contribution Rate, Method, and Deadline for Mandatory Social kết quả bóng đá trực tiếp of Employers

1. The employer contributes monthly to mandatory social kết quả bóng đá trực tiếp based on the salary used as the basis for mandatory social kết quả bóng đá trực tiếp contributions for the individuals specified in points a, b, c, d, i, k, and l of Clause 1 and Clause 2, Article 2 of this Law as follows:

a) 3% to the sickness and maternity fund;

b) 14% to the retirement and survival funds.

2. The employer contributes monthly 22% of the salary used as the basis for mandatory social kết quả bóng đá trực tiếp contributions to the retirement and survival funds for the individuals specified in points đ and e of Clause 1, Article 2 of this Law.

3. Employers are not required to contribute to social kết quả bóng đá trực tiếp for individuals under the regulations in Clause 5, Article 33 of this Law, except where the employer agrees with the employee to contribute to social kết quả bóng đá trực tiếp for that month based on the nearest month's social kết quả bóng đá trực tiếp basis.

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Thus, according to the aforementioned regulations, the social kết quả bóng đá trực tiếp contribution rate for enterprises (employers) is 21.5% to the kết quả bóng đá trực tiếp funds:

- For pension: 14%

- For sickness and maternity policies: 3%

- For occupational accident and disease policies: 0.5%

- For unemployment kết quả bóng đá trực tiếp: 1%

- For health kết quả bóng đá trực tiếp: 3%

Note:TheLuật xem bóng đá trực tiếp nhà cái 2024 Số hiệutakes effect from January 1, 2025.

What are social kết quả bóng đá trực tiếp payment ratios of employers in Vietnam in 2025? Is social kết quả bóng đá trực tiếp paymentdeductible when calculating personal income tax? (Image from the Internet)

Is social kết quả bóng đá trực tiếp paymentdeductible when calculating personal income tax in Vietnam?

According to Clause 2, Article 9 ofCircular 111/2013/TT-BTC, as amended by Article 15 ofCircular 92/2015/TT-BTC, specific deductions when calculating personal income tax are as follows:

Deductions

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2. Deductions for kết quả bóng đá trực tiếp contributions, Voluntary pension funds

a) kết quả bóng đá trực tiếp contributions include: social kết quả bóng đá trực tiếp, health kết quả bóng đá trực tiếp, unemployment kết quả bóng đá trực tiếp, occupational liability kết quả bóng đá trực tiếp for certain professions that must participate in mandatory kết quả bóng đá trực tiếp.

b) Contributions to the voluntary pension fund, purchasing voluntary pension kết quả bóng đá trực tiếp

Contributions to the voluntary pension fund, purchasing voluntary pension kết quả bóng đá trực tiếp can be deducted from taxable income according to the actual amount incurred but not exceeding 1 million VND per month for employees participating in voluntary pension products as guided by the Ministry of Finance. This includes contributions made by both the employer and employee, even in cases of participation in multiple funds. The basis for determining deductible income is a copy of the payment receipt (or fee payment) issued by the voluntary pension fund or insurer.

c) Foreign individuals residing in Vietnam and Vietnamese individuals residing but working abroad with income from business, salaries, or wages abroad who have participated in mandatory kết quả bóng đá trực tiếp schemes according to the regulations of the country where they reside or work, similarly to Vietnamese law, such as social kết quả bóng đá trực tiếp, health kết quả bóng đá trực tiếp, unemployment kết quả bóng đá trực tiếp, mandatory occupational liability kết quả bóng đá trực tiếp, and other mandatory insurances (if any), can deduct these kết quả bóng đá trực tiếp fees from taxable income from business or salaries and wages when calculating personal income tax.

Foreign individuals and Vietnamese individuals who have paid the above-mentioned insurances abroad will temporarily be deducted immediately from income to deduct tax within the year (if there is documentation) and calculated according to the official amount when finalizing the tax according to regulations. If there is no documentation for temporary deduction within the year, it will be deducted once when finalizing the tax.

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Thus,under the aforementioned regulations, social kết quả bóng đá trực tiếp contributions are deductible when calculating personal income tax.

What are regulations onpersonal income tax calculation period in Vietnam?

According to Article 7 of theLaw on Personal Income Tax 2007, as amended by Clause 3, Article 1 of theAmended Law on Personal Income Tax 2012, the tax calculation period is regulated as follows:

- The tax calculation period for resident individuals is regulated as follows:

+ Annual tax period applies to income from business; income from salaries and wages;

+ Tax period on each income occurrence applies to income from capital investment; income from capital transfer, excluding securities transfer income; income from real estate transfer; income from winnings; income from royalties; income from franchising; income from inheritances; income from gifts;

+ Tax period on each transfer or annually for income from securities transfer.

- The tax calculation period for non-resident individuals is calculated based on each income occurrence applicable to all taxable income.