Benefits of Outsourcing Your Payroll Services
Our approach to payroll in Ho Chi Minh City & Vietnam
As a member of InCorp Group, a leader in corporate services in the Asia Pacific region we have over 10 years of experience in the region assisting foreign businesses set up their operations in Asia. We bring that global experience paired with our local knowledge to bring you a world-class payroll service so that you can focus on your bottom line.
Payroll Services in Vietnam – Our Packages
Compulsory Insurance Registration (Health, Social & Unemployment)When opening a company in Vietnam, you are required to register your employees with the government to obtain compulsory insurance registration, as soon as they sign the labor contract. We also take care of all statutory social insurance requirements of your entire staff to be in compliance with the current labor laws.
Monthly Payroll CalculationIf you outsource your payroll with us, we will ensure that the payroll of your entire staff is calculated accurately and processed on time every month based on your cut-off time. Our services are adaptable to all-size companies operating in Vietnam.
Monthly Payslips & ReportingIn addition to monthly payroll calculations, we also prepare monthly payslips to be distributed to all of your local and foreign employees and monthly reporting. Salary deposit, payslip, and reporting are all done in a timely and compliant manner.
Personal Income Tax Declaration & AssessmentWith regards to personal income tax, you are required to submit a declaration every quarter when your income is less than 50M VND or on a monthly basis when income is more than 50M VND. We will assist you with the personal income tax declaration and assessment. Our payroll system is cloud-based and can be easily accessed online. All employee data, including personal data, contracts, and salaries, are located in one dedicated place with secure access. The online payroll system also provides an easy way to manage employee leaves and attendance.
Payroll Compliance: Income Taxes, Reports & Deadlines
Monthly & Annual Taxable Income for Residents in Vietnam
|Monthly Taxable Income||Yearly Taxable Income||Income Tax|
|0 – 5,000,000VND||0 – 60,000,000VND||5%|
|5,000,000 – 10,000,000VND||60,000,000 – 120,000,000VND||10%|
|10,000,000 – 18,000,000VND||120,000,000-216,000,000VND||15%|
|18,000,000 – 32,000,000VND||216,000,000 – 384,000VND||20%|
|32,000,000 – 52,000,000VND||384,000,000 – 624,000,000VND||25%|
|52,000,000 – 80,000,000VND||624,000,000 – 960,000,000VND||30%|
Labor Reports & Deadlines
Statistics Report Due January to June of Every Year
For Foreign Employees
|Item||Deadline to Submit|
|Semi-annual Report on Employment of Foreign Employees||First: January 5th Second: July 5th|
For Local Employees
|Report||Deadline to Submit|
|Semi-annual Report on Labour Accidents||January 10th|
|Annual Report on Occupational Safety & Hygiene||January 10th|
|Annual Report on Unemployment Insurance Contributions||January 15th|
|Semi-annual Report on Change to Employment||June 6th|