Our July 2017 monthly Tax Updates publication from Domicile Corporate Services covers selected recent updates and releases for Vietnamese companies with regards to the compliance and operations in Vietnam.
CHANGES TO INSURANCE MAXIMUM CAPS (AND MINIMUM “BASIC” WAGE RATES) FROM 1 JULY 2017
Changes came into force from 1 July 2017 to the Minimum Basic Wage in Vietnam, affecting the calculation of Vietnamese Social Insurance payments, following adoption of Decree 153/2016/ND-CP by the National Assembly. Specifically, the changes have resulted in an increase to the maximum caps for calculating certain Social Insurance and Health Insurance payments.
Click Vietnam Tax Update July 2017 – Domicile for more information.
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