Tax Consultancy
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SOCIAL INSURANCE SERVICES IN VIETNAM
The law on Social insurance issued by the National Assembly on November 20, 2014, take effects on January 1, 2016. Social insurance for employees are concerns of employers, especially, enterprises. Performing this obligation legally is not only enterprises’ duties but also protecting employees’ rights. To help enterprises have a general view of social insurance, Viet An Law Firm collects some main regulations as follow: According to clause 2 Article 3 of the Law on Social insurance 2014, employees and employers must participate in compulsory social insurance. Detailed entities are regulated in Article 2: Employees: - Vietnamese citizens: + People working under indefinite term labor contracts, definite term labor contracts, seasonal labor contracts or contracts for certain jobs with a term ... -
TAX SERVICES FOR FOREIGN REPRESENTATIVE OFFICES IN VIETNAM
According to Clause 2 Article 16 of the Law on Commerce 2005, foreign traders have rights to establish representative offices in Vietnam. However, foreign representative offices in Vietnam only can conduct some commercial promotion activities but not profitable activities as prescribed in the law. Therefore, a foreign representative office in Vietnam has fewer tax duties than an enterprise. According to Clause 3 Article 17 of the Law on Commerce 2005, foreign representative offices have rights to recruit Vietnamese or foreign employees to work there. Due to that, personal income tax is the only tax duty of a foreign representative office. To determine the payable tax, foreign representative offices have to do the tax audit. Tax audit is the process of ...
