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Our updated 2020 Vietnam Payroll Quick Guide, effective for payrolls after 1 July 2020, includes recent increases in personal deductions and dependent deductions for employees. This guide assists employers and employees to understand general calculations and obligations with payroll and payroll related taxes and insurances in Vietnam.

For payrolls from 1 July 2020, the Personal Deduction for each employee (ie, the monthly income excluded from Personal Income Tax) increases from VND 9 million to VND 11 million. The Dependent Deduction, for each registered dependent, also increases to VND 4.4 million from VND 3.6million per month.

Employers should seek to incorporate these changes into their payroll software/calculations and update their payment obligations.

Please contact Domicile Corporate Services if you would like to discuss your salary strategies, or how these changes impact your business.

Download our Quick Guide publication to Vietnamese payrolls below:

 

Download PDF

 

contact:

Matthew Lourey, Managing Partner This email address is being protected from spambots. You need JavaScript enabled to view it.

Do Thi Thao, Manager - Accounting This email address is being protected from spambots. You need JavaScript enabled to view it.

Nguyen Thi Vu Phung , Manager - Accounting This email address is being protected from spambots. You need JavaScript enabled to view it.

Huynh Thi Bao Tran , Head of Payroll Services This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

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info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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