What is trực tiếp bóng đá việt nam hôm nay maximum number of months of severance allowance that public employees can receive due to downsizing in Vietnam? Is severance allowance subject to personal income tax in Vietnam?
What is trực tiếp bóng đá việt nam hôm nay maximum number of months of severance allowance that public employees can receive due to downsizing in Vietnam?
Pursuant to Point a, Clause 2, Article 5 ofDecree 178/2024/ND-CPwhich stipulates how to determine trực tiếp bóng đá việt nam hôm nay period of service and salary for calculating entitlements, policies are as follows:
How to Determine trực tiếp bóng đá việt nam hôm nay Period of Service and Salary for Calculating Entitlements, Policies
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- trực tiếp bóng đá việt nam hôm nay period for calculating severance allowances is trực tiếp bóng đá việt nam hôm nay period of work with compulsory social insurance contributions in agencies of trực tiếp bóng đá việt nam hôm nay Communist Party, trực tiếp bóng đá việt nam hôm nay State, socio-political organizations, and trực tiếp bóng đá việt nam hôm nay armed forces as specified in Article 1 of this Decree:
a) If trực tiếp bóng đá việt nam hôm nay period of work with compulsory social insurance contributions is 5 years or more, trực tiếp bóng đá việt nam hôm nay period for calculating severance allowance is a maximum of 5 years (60 months).
b) If trực tiếp bóng đá việt nam hôm nay period of work with compulsory social insurance contributions is less than 5 years, trực tiếp bóng đá việt nam hôm nay period for calculating severance allowance is equal to trực tiếp bóng đá việt nam hôm nay period of work with compulsory social insurance contributions.
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- trực tiếp bóng đá việt nam hôm nay current monthly salary is trực tiếp bóng đá việt nam hôm nay monthly salary immediately preceding trực tiếp bóng đá việt nam hôm nay cessation of work, including: trực tiếp bóng đá việt nam hôm nay salary level according to rank, grade, position, job title, professional title, or trực tiếp bóng đá việt nam hôm nay salary level agreed upon in trực tiếp bóng đá việt nam hôm nay labor contract and salary allowances (including: Leadership position allowance; excess seniority allowance; professional seniority allowance; preferential allowance according to profession; responsibility allowance by profession; public service allowance; party, political organization allowance; special allowance for trực tiếp bóng đá việt nam hôm nay armed forces).
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Additionally, Clause 1, Article 10 ofDecree 178/2024/ND-CPstipulates as follows:
Severance Policies for Public Employees and Workers as Specified in Points a and c, Clause 1, Article 2 of this Decree
Public employees and workers who are from 2 years of age or more up to retirement age as specified in Appendix I, Appendix II attached to Decree No. 135/2020/ND-CP and do not qualify for early retirement policies as specified in Article 7 of this Decree, if they cease work they are entitled to trực tiếp bóng đá việt nam hôm nay following policies:
1. Entitled to severance allowance:
a) For those who cease work within trực tiếp bóng đá việt nam hôm nay first 12 months from trực tiếp bóng đá việt nam hôm nay date of trực tiếp bóng đá việt nam hôm nay decision to reorganize trực tiếp bóng đá việt nam hôm nay machinery of trực tiếp bóng đá việt nam hôm nay competent authority, they are entitled to an allowance equal to 0.8 months of current salary multiplied by trực tiếp bóng đá việt nam hôm nay number of months calculated for severance allowance.
b) For those who cease work from trực tiếp bóng đá việt nam hôm nay 13th month onwards from trực tiếp bóng đá việt nam hôm nay date of trực tiếp bóng đá việt nam hôm nay decision to reorganize trực tiếp bóng đá việt nam hôm nay machinery of trực tiếp bóng đá việt nam hôm nay competent authority, they are entitled to an allowance equal to 0.4 months of current salary multiplied by trực tiếp bóng đá việt nam hôm nay number of months calculated for severance allowance.
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Based on trực tiếp bóng đá việt nam hôm nay above two provisions, it can be seen that trực tiếp bóng đá việt nam hôm nay period for calculating severance allowance due to downsizing is trực tiếp bóng đá việt nam hôm nay period of work with compulsory social insurance contributions in agencies of trực tiếp bóng đá việt nam hôm nay Communist Party, trực tiếp bóng đá việt nam hôm nay State, socio-political organizations, and trực tiếp bóng đá việt nam hôm nay armed forces. trực tiếp bóng đá việt nam hôm nay period for calculating severance allowance isa maximum of 5 years (60 months)for those who have 5 years or more of work with compulsory social insurance contributions.
*How to Determine trực tiếp bóng đá việt nam hôm nay Amount of Severance Allowance that Public Employees Receive When downsizing:
(1)For public employees ceasing work within trực tiếp bóng đá việt nam hôm nay first 12 months from trực tiếp bóng đá việt nam hôm nay date of trực tiếp bóng đá việt nam hôm nay decision to reorganize trực tiếp bóng đá việt nam hôm nay organizational machinery:
Severance allowance = 0.8 months of current salary x number of months calculated for severance allowance
(2)For public employees ceasing work from trực tiếp bóng đá việt nam hôm nay 13th month onwards from trực tiếp bóng đá việt nam hôm nay date of trực tiếp bóng đá việt nam hôm nay decision to reorganize trực tiếp bóng đá việt nam hôm nay organizational machinery:
Severance allowance = 0.4 months of current salary x number of months calculated for severance allowance
What is trực tiếp bóng đá việt nam hôm nay maximum number of months of severance allowance that public employees can receive due to downsizing in Vietnam?Is severance allowance subject to personal income tax in Vietnam?(Image from trực tiếp bóng đá việt nam hôm nay Internet)
Is trực tiếp bóng đá việt nam hôm nay severance allowance for downsizing subject to personal income tax in Vietnam?
Pursuant to Point b.6, Clause 2, Article 2 ofCircular 111/2013/TT-BTCstipulates as follows:
Taxable Incomes
According to Article 3 of trực tiếp bóng đá việt nam hôm nay Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable incomes for personal income tax include:
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- Income from wages and salaries
Income from wages and salaries is income received by workers from employers, including:
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b) Allowances, subsidies, excluding trực tiếp bóng đá việt nam hôm nay following allowances, subsidies:
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b.6) Sudden difficulty allowance, work accident subsidy, occupational disease subsidy, one-time allowance for childbirth or adoption, maternity benefit, convalescence, health restoration after maternity, allowance due to reduced working capacity, one-time retirement allowance, monthly survivor allowance,severance allowance, job loss allowance, unemployment benefit, and other allowances as prescribed by trực tiếp bóng đá việt nam hôm nay Labor Code and trực tiếp bóng đá việt nam hôm nay Law on Social Insurance.
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Thus, according to trực tiếp bóng đá việt nam hôm nay above provisions, trực tiếp bóng đá việt nam hôm nay severance allowance is not included in taxable income for personal income tax; therefore, trực tiếp bóng đá việt nam hôm nay severance allowance, in all cases, including when downsizing, will not be subject to personal income tax.
Who is subject to paying personal income tax under current regulations in Vietnam?
Pursuant to Article 2 of trực tiếp bóng đá việt nam hôm nayLaw on Personal Income Tax 2007, individuals subject to personal income tax are residents with taxable incomes prescribed in Article 3 of trực tiếp bóng đá việt nam hôm nayLaw on Personal Income Tax 2007arising inside and outside trực tiếp bóng đá việt nam hôm nay territory of Vietnam, and non-residents with taxable incomes prescribed in Article 3 of trực tiếp bóng đá việt nam hôm nayLaw on Personal Income Tax 2007arising within trực tiếp bóng đá việt nam hôm nay territory of Vietnam.
In which:
- A resident individual is a person who meets one of trực tiếp bóng đá việt nam hôm nay following conditions:
+ Present in Vietnam for 183 days or more calculated in a calendar year or 12 consecutive months from trực tiếp bóng đá việt nam hôm nay first day of presence in Vietnam;
+ Having a regular place of residence in Vietnam, including having a registered permanent residence or a leased house to stay in Vietnam according to a lease contract.
- A non-resident individual is a person who does not meet trực tiếp bóng đá việt nam hôm nay following conditions:
+ Present in Vietnam for 183 days or more calculated in a calendar year or 12 consecutive months from trực tiếp bóng đá việt nam hôm nay first day of presence in Vietnam;
+ Having a regular place of residence in Vietnam, including having a registered permanent residence or a leased house to stay in Vietnam according to a lease contract.
