I. The schedule of regional minimum wage increase in 2024 According to the Draft Decree prescribing the regional minimum wage, the time to apply the new regional minimum wage is from July 1, 2024. II. How does the regional minimum wage change? – The Ministry of Labor – Invalids and Social Affairs is drafting a Decree regulating the minimum wage for employees working […]
On June 30, 2023, The General Department of Taxation issued Public Notice 05/CD-TCT about the implementation of Decree 44/2023/ND-CP stipulating the value-added tax (VAT) reduction policy according to Resolution 101/2023/QH15 of The National Assembly. Time Limit For Applying VAT Reduction Policy According To Decree 44/2023/ND-CP The policy of reducing VAT as prescribed in Decree 44/2023/ND-CP is valid from July 1, 2023 to December 31, 2023. […]
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 […]
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) […]
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