What are the labor laws in Vietnam?
Vietnamese labor law allows both the employer and the employee to end the employment relationship immediately during the probationary period, which can be established by the employer as 30 days for most types of jobs, and 60 days if the job is one that requires high-level technical skills.
Is 13th month salary compulsory in Vietnam?
A 13 month bonus is not legally required in Vietnam, but most employers provide a 13th month bonus, annual bonus or commission plan. The 13th month bonus is typically offered to employees that have worked for a company for more than 1 year, or is prorated based on length of employment.
Is severance pay taxable in Vietnam?
However, there are certain cases in which employees are not entitled to severance allowance such as in the case of dismissal. In Vietnam, any income earned by an employee under the form of salary, wage, allowance, and bonus shall be subject to personal income tax (“PIT”).
Is maternity leave paid in Vietnam?
Articles 34 and 35 of the Law on Social Insurance, state that female workers must receive 100 percent of their average salary during their six-month maternity leave. … A female employee who has a child less than twelve months old is entitled to sixty minutes per working day to take care of their baby.
What is the work week in Vietnam?
Maximum Working Hours – eight hours a day – 48 hours per week The State encourages employers to apply 40-hour workweeks. – Additional days off to special occasions (marriage, death, etc.)
How many working days are there in Vietnam?
2020 is a leap year that has 366 days in total.
Working Days in Vietnam in 2020.
Does everyone in Vietnam get paid the same?
Most of the time, foreign professionals are paid according to the comparable rates in their countries of origin, while native staff are paid according to the rates in Vietnam, despite the fact that both are living in the same country.
How do I terminate an employee in Vietnam?
For unilateral termination of employment by an employer (when permitted by law), the employer must provide advance notice to the employee within the minimum statutory time limit. Employees who resign are also required to give advance notice to their employers within the minimum statutory time limit.
How is overtime calculated in Vietnam?
Normal working time is limited to 8 hours per day and 48 hours per week. The aggregate overtime should not exceed 300 hours per year. Night working time is from 22:00 to 6:00.
Working overtime in Vietnam.
|Overtime hours||Overtime rate|
|Working overtime on weekend at night time||270%|
|Working overtime on Tet or other public holiday at day time||300%|
Can you claim tax back in Vietnam?
The progressive tax rates for tax residents of Vietnam range from 5% to 35%. These individual taxpayers in Vietnam are eligible for tax refunds on the personal income tax.
Do expats pay tax in Vietnam?
Vietnam personal income tax rates are progressive to 35%. Nonresidents are taxed at a flat tax rate of 20%. Nonemployment income is taxed at rates from 0.1% to 25%.
US Expat Taxes – Vietnam.
|Non-residents – Other tax rates on non-resident individuals|
|Income from capital investment||5%|
|Transfer of capital||0.1%|
HOW MUCH IS pit in Vietnam?
Tax residents are subject to PIT on their worldwide employment income, regardless of where the income is paid or earned, at progressive rates from five percent to a maximum of 35 percent. Non-resident taxpayers are subject to PIT at a flat rate of 20 percent on their Vietnam-sourced income.