Vietnam’s payroll compliance landscape is a dynamic and evolving aspect of its business environment. This involves adherence to a complex set of regulations governing salary calculations, social insurance, personal income tax, and mandatory contributions.
Employers must accurately calculate and withhold taxes, including personal income tax and social insurance contributions, based on a progressive tax rate system. Compliance with these rules is crucial to avoid legal issues and ensure the financial well-being of employees.
Keep in mind that regulations may have changed since then, so it’s essential to stay up to date with the latest payroll compliance requirements in Vietnam.