From July 1, 2025, what is xem bóng đá trực tiếp vtv2 interest rate on late payment of health insurance contributions in Vietnam? Is xem bóng đá trực tiếp vtv2 health insurance contribution deductible from personal income tax?
From July 1, 2025, what is xem bóng đá trực tiếp vtv2 interest rate on late payment of health insurance contributions in Vietnam?
Pursuant to Article 49 of xem bóng đá trực tiếp vtv2Law on Health Insurance 2008, amended by Clause 34, Article 1 of xem bóng đá trực tiếp vtv2Luật xem bóng đá trực tiếp nhà cái y tế sửa đổi 2024 Số hiệu 51/2024/QH15 - (effective from February 1, 2017), xem bóng đá trực tiếp vtv2 regulations on interest for late payment of health insurance contributions are as follows:
Handling of violations of health insurance law
- Agencies, organizations, or individuals who commit violations of xem bóng đá trực tiếp vtv2 health insurance law shall, depending on xem bóng đá trực tiếp vtv2 nature and severity of xem bóng đá trực tiếp vtv2 violation, be subject to disciplinary action, administrative penalties, or criminal prosecution. If damages are caused, compensation must be made in accordance with xem bóng đá trực tiếp vtv2 law.
- Measures for handling delayed contributions include:
a) Mandatory payment of xem bóng đá trực tiếp vtv2 full amount of xem bóng đá trực tiếp vtv2 delayed contribution; payment of a sum equivalent to 0.03% per day based on xem bóng đá trực tiếp vtv2 amount of delayed health insurance contribution and xem bóng đá trực tiếp vtv2 number of delayed days into xem bóng đá trực tiếp vtv2 health insurance fund;
b) Administrative penalties in accordance with xem bóng đá trực tiếp vtv2 law;
c) No consideration of emulation titles or awards.
- Measures for handling xem bóng đá trực tiếp vtv2 evasion of health insurance contributions include:
a) Mandatory payment of xem bóng đá trực tiếp vtv2 full amount of evaded contribution; payment of a sum equivalent to 0.03% per day based on xem bóng đá trực tiếp vtv2 amount of evaded health insurance contribution and xem bóng đá trực tiếp vtv2 number of evaded days into xem bóng đá trực tiếp vtv2 health insurance fund;
b) Administrative penalties or criminal prosecution in accordance with xem bóng đá trực tiếp vtv2 law;
c) No consideration of emulation titles or awards.
- Agencies, organizations, or employers delaying or evading health insurance contributions for employees must reimburse all healthcare costs within xem bóng đá trực tiếp vtv2 scope of benefits and levels covered by health insurance that employees have already paid during xem bóng đá trực tiếp vtv2 period without health insurance due to delay or evasion.
- xem bóng đá trực tiếp vtv2 Government of Vietnam shall specify details of Point a, Clause 2; Point a, Clause 3; and Clause 4 of this Article.
Thus, xem bóng đá trực tiếp vtv2 interest on late payment of health insurance contributions from July 1, 2025, is 0.03% per day calculated on xem bóng đá trực tiếp vtv2 amount of delayed health insurance contribution and xem bóng đá trực tiếp vtv2 number of delayed days into xem bóng đá trực tiếp vtv2 health insurance fund.
Furthermore, agencies, organizations, or individuals delaying xem bóng đá trực tiếp vtv2 payment of health insurance contributions are also required to pay xem bóng đá trực tiếp vtv2 full amount of xem bóng đá trực tiếp vtv2 delayed contribution, face administrative penalties in accordance with xem bóng đá trực tiếp vtv2 law, and will not be considered for emulation titles or awards.
From July 1, 2025, what is xem bóng đá trực tiếp vtv2 interest rate on late payment of health insurance contributions in Vietnam? (Image from xem bóng đá trực tiếp vtv2 Internet)
What are prohibited acts related to health insurance in Vietnamfrom July 1, 2025?
Pursuant to Article 11 of xem bóng đá trực tiếp vtv2Law on Health Insurance 2008(amended by Clause 9, Article 1 of xem bóng đá trực tiếp vtv2Law on Amendments to xem bóng đá trực tiếp vtv2 Law on Health Insurance 2024), xem bóng đá trực tiếp vtv2 prohibited acts related to health insurance from July 1, 2025, are as follows:
- Failure to pay or insufficient payment of health insurance as required by this Law.
- Fraud, forgery of documents, or health insurance cards.
- Misuse of health insurance contributions or xem bóng đá trực tiếp vtv2 health insurance fund.
- Obstructing, causing difficulties, or damaging xem bóng đá trực tiếp vtv2 lawful rights and interests of health insurance participants and related parties.
- Intentionally reporting false information, providing misleading information, or data regarding health insurance.
- Abusing positions, powers, expertise, or professions to contravene xem bóng đá trực tiếp vtv2 provisions of xem bóng đá trực tiếp vtv2 law on health insurance.
Are health insurance contributions deductible for PIT purposes in Vietnam?
Based on Clause 2, Article 9 ofCircular 111/2013/TT-BTC(amended by Article 15 ofCircular 92/2015/TT-BTC), xem bóng đá trực tiếp vtv2 regulations regarding deductible amounts for PIT calculations are as follows:
Deductible amounts
Deductions as guided in this Article refer to amounts deducted from taxable income before determining taxable income from wages, salaries, and business. Specifically:
...
- Deductions for insurance contributions and voluntary pension funds
a) Insurance contributions include: social insurance, health insurance, unemployment insurance, professional liability insurance for certain professions required to participate in mandatory insurance.
b) Contributions to voluntary pension funds, voluntary pension insurance
Contributions to voluntary pension funds, voluntary pension insurance are deductible from taxable income based on xem bóng đá trực tiếp vtv2 actual amount incurred but not exceeding one (01) million VND/month for employees participating in voluntary pension products as guided by xem bóng đá trực tiếp vtv2 Ministry of Finance, including amounts contributed by employers for employees and amounts voluntarily contributed by employees (if any), even in cases where multiple funds are joined. xem bóng đá trực tiếp vtv2 basis for determining xem bóng đá trực tiếp vtv2 deductible income is a copy of xem bóng đá trực tiếp vtv2 payment slip or fee receipt issued by xem bóng đá trực tiếp vtv2 voluntary pension fund or insurer.
c) Foreign nationals residing in Vietnam and Vietnamese nationals residing abroad but working overseas with business income, wage or salary income overseas who participate in mandatory insurance as required by xem bóng đá trực tiếp vtv2 country's regulations where xem bóng đá trực tiếp vtv2 individual resides or works similar to xem bóng đá trực tiếp vtv2 provisions of Vietnamese law, such as social insurance, health insurance, unemployment insurance, and mandatory professional liability insurance, may deduct these insurance premiums from taxable income from business, wage, or salary income when calculating personal income tax.
Foreign individuals and Vietnamese individuals who participate in such insurance overseas shall be provisionally deducted immediately from income for tax deduction in xem bóng đá trực tiếp vtv2 fiscal year (if documentation is available) and settled according to official figures upon tax finalization. If there is no documentation for provisional deduction within xem bóng đá trực tiếp vtv2 year, a single deduction is made upon tax finalization.
d) Contributions for insurance and contributions to voluntary pension funds for a specific year are deducted from taxable income for that year.
dd) Supporting documents for deductible insurance contributions as mentioned above are copies of receipts issued by xem bóng đá trực tiếp vtv2 insurance organization or confirmation from xem bóng đá trực tiếp vtv2 income-paying organization of xem bóng đá trực tiếp vtv2 insurance amount already deducted and paid (in cases where xem bóng đá trực tiếp vtv2 income-paying organization pays on behalf).
...
Thus, health insurance contributions (or similar insurance amounts for foreign individuals residing in Vietnam and Vietnamese individuals residing abroad but working overseas with business, wage, or salary income) are deductible when calculating personal income tax (PIT).
