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Vietnam Salary Calaculations

QUICK GUIDE
(for salaries from 1 January 2016)

Process for Calculating Employer Costs, Net Payments to Employees, and Payments to the Authorities

EMPLOYER EMPLOYEE GOVERNMENT


Costs & Calculations Costs & Calculations Share

Salary Cost Calculation for the Employer is: Salary Received by an Employee is Calculated as: Contributions and Payments to Government Authorities:

Gross Salary for Employee Gross Salary for Employee Amounts paid by the Employer and Employee:

Plus: Less: Social Insurance of: 18% + 8% = 26%


Social Insurance* @ 18% Social Insurance* @ 8% Health Insurance of: 3% + 1.5% = 4.5%
Health Insurance* @ 3% Health Insurance* @ 1.5% Unemployment Insurance of: 1% + 1% = 2%
Unemployment Insurance* @ 1% Unemployment Insurance* @ 1%

Equals: Total Salary Cost to Employer Equals: Taxable Salary Plus:

Less: Personal Income Tax Personal Income Tax deducted from Employee, and
based upon relevant PIT scales
Equals: Total Cash Received by the Employee

Personal Income Tax (PIT) is based upon the PIT scales Total contribution/withholdings to the Government
shown on the reverse side. The Personal Allowance and are remitted by the Employer for both Employer and
any Dependent Allowances are deducted from the Taxable Employee portions.
Salary before calculating the applicable PIT

Notes: Notes:
(1) *These Insurances are subject to caps on amounts to be paid. See (1) *These Insurances are subject to caps on amounts to be paid. See
reverse side for details reverse side for details
(2) Foreign employees are not subject to Social Insurance or (2) Foreign employees are not subject to Social Insurance or
Unemployment Insurance in 2016. Unemployment Insurance in 2016.
(3) Certain bonuses may be excluded from Insurances calculations, (3) Certain bonuses may be excluded from Insurances calculations,
but salaries and allowances are included for 2016. but salaries and allowances are included for 2016.
(4) Overtime rates can apply ranging from 150% to 390%.

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Vietnam Salary Calaculations
QUICK GUIDE
(for salaries from 1 January 2016)

Personal
PERSONAL Income Tax
INCOME (PIT)
TAX (PIT) Social Insurance Unemployment Insurance

Personal Income Tax rates (Resident Taxpayers) Social Insurance is levied on the Gross Salary of the Unemployment Insurance is levied on the Gross
Employee as follows: Salary of the Employee as follows:
Maximum Tax in Bracket
Monthly Taxable
Tax Rate (Cumulative Tax including Employer 18.0% Employer 1.0%
Income (VND)
current Bracket) (VND) Employee 8.0% Employee 1.0%
5% up to 5,000,000 250,000
The maximum monthly salary that is subject to The maximum monthly salary that is subject to
10%
5,000,001 - 500,000 Social Insurance is capped at 23,000,000 VND Unemployment Insurance is capped at 20 times the
10,000,000 (750,000) (being 20 times the Minimum Basic Wage, which is Minimum Monthly Wage of the Zone the Employer
10,000,001 - 1,200,000
currently 1,150,000 VND per month) is in. The Zone 1 minimum is 3,500,000 VND, which
15% equates to a cap of 70,000,000 VND per month.
18,000,000 (1,950,000)

18,000,001 - 2,800,000
20%
32,000,000 (4,750,000)
Health Insurance Minimum Wages
32,000,001 - 5,000,000
25%
52,000,000 (9,750,000) Health Insurance is levied on the Gross Salary of the
Employee as follows: Zone Minimum Monthly Wage (VND)
52,000,001 - 8,400,000
30%
80,000,000 (18,150,000) Zone 1 3,500,000

80,000,001 and
Employer 3.0% Zone 2 3,100,000
35%
above
Employee 1.5%
Zone 3 2,700,000

The maximum monthly salary that is subject to Zone 4 2,400,000


Taxable Income for each employee, prior to calculating PIT, Health Insurance is capped at 23,000,000 VND
is further reduced by: (being 20 times the Minimum Basic Wage, which is
currently 1,150,000 VND per month). Zones are designated by the Government. For
- Personal Allowance of 9,000,000 VND per month,
example, Zone 1 covers areas including urban areas
and
Note: Laws were passed increasing Health Insurance of Hanoi, Ho Chi Minh City and Hai Phong, along
- Dependent Allowance of an additional 3,600,000 VND per
contributions from 1 January 2015 to 4.5% and 1.5% with certain industrial areas of Binh Duong and
month for each registered dependent.
for Employers and Employees respectively, however Dong Nai.
these have not yet been implemented.

All rates referred to are correct at the time of publication (October 2015), and are subject This document is for general information only, and should not be relied upon or substituted in
to change. place of specific professional advice.