Personal Income Tax (PIT) on salaries and wages is one of the most critical statutory deductions that both businesses and employees must clearly understand. Accurately identifying the taxpayer category, the timing of tax assessment, and applying the correct formula not only ensures legal compliance but also optimizes financial benefits for all parties involved. What is…
Tax deductions for Personal Income Tax (PIT) calculation are amounts directly subtracted from an individual’s taxable income before determining the taxable income from salaries and wages. Resolution No. 110/2025/UBTVQH15 and Decree No. 253/2026/ND-CP provide detailed regulations on the tax deductions applicable for PIT calculation from the 2026 tax year. Eligible Objects for Tax Deductions Eligible…
Pursuant to Decree No. 253/2026/ND-CP detailing and guiding the implementation of the Law on Personal Income Tax, issued on June 30, 2026. This Decree takes effect on July 1, 2026. However, provisions concerning income from business, salaries, and wages of resident individuals apply from the 2026 tax year. The tax-exempt income and non-taxable items for Personal…
When a business pays wages or remuneration to individuals providing services through contracts such as contractor contracts, collaborator contracts, probation contracts or consulting service contracts… the business is responsible for withholding Personal Income Tax (PIT) at source before making the payment. The detailed PIT calculation for each category is as follows: For Contractor Contracts, Task-Based Contracts…
Hiring a remote employee in Vietnam can be a smart way for foreign companies to enter the market, build local capabilities, or support regional operations. However, without a local legal entity, employment, payroll, tax, and statutory compliance can become complicated. NetViet helps companies move from the initial hiring idea to finding, onboarding, and employing long-term…
