INCREASE DEDUCTION FOR THE FAMILY CIRCUMSTANCE FROM 2020

INCREASE DEDUCTION FOR THE FAMILY CIRCUMSTANCE FROM 2020

Recently, the National Assembly Standing Committee has enacted Resolution No 954/2020 /UBTVQH14, this is new that workers are extremely looking forward to, the resolution stipulates the adjustment of family circumstance deductions of personal income tax (PIT). The resolution has adjusted deduction for family circumstances below: – The deduction level for Taxpayers is 11 million VND/ month (132 million VND/ year). – The deduction level for […]

Posted: Monday June 15th, 2020/Under: News, Law/By: Briswell Vietnam Co Ltd
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[INSURANCE] ANNOUNCEMENT OF GENERAL MINIMUM WAGE ADJUSTMENT STARTED FROM JULY 2020

Pursuant to Resolution No. 86/2019/ QH14, from July 01, 2020, the General Minimum Wage (GMW) will be officially increased from VND 1,490,000/ month to VND 1,600,000/ month (increasing 110,000 VND / month). Accordingly, with the increased GMW, the cap for Social insurance, Health insurance and Maternity allowance (in addition to 6 months of benefit) is as follows: The cap for social insurance, health insurance (old) […]

Posted: Wednesday January 15th, 2020/Under: News, Insurance, Law/By: Briswell Vietnam Co Ltd
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