Vietnam: Official Dispatch 4791 on bóng đá hôm nay trực tiếp lump-sum payment of 2 months' pension before bóng đá hôm nay trực tiếp 2025 Tet holiday promulgated? Are pensions taxable in Vietnam?

Vietnam: Official Dispatch 4791 on bóng đá hôm nay trực tiếp lump-sum payment of 2 months' pension before bóng đá hôm nay trực tiếp 2025 Tet holiday promulgated?

On December 20, 2024, Vietnam Social Security issued Official Dispatch 4791/BHXH-TCKT of 2024...Download, concerning bóng đá hôm nay trực tiếp payment of pension and social insurance benefits for January and February 2025.

bóng đá hôm nay trực tiếp specific contents of Official Dispatch 4791/BHXH-TCKT of 2024 are as follows:

(1) Vietnam Social Security allocates funds to pay pensions and social insurance benefits for January and February 2025 to social insurance agencies in provinces and centrally-managed cities (collectively referred to as provincial social insurance) during bóng đá hôm nay trực tiếp payment period for pensions and social insurance benefits in January 2025 (including those receiving through cash and personal accounts).

(2) Provincial social insurance is required to implement bóng đá hôm nay trực tiếp following actions:

- Report to bóng đá hôm nay trực tiếp local party committee and government on bóng đá hôm nay trực tiếp plan to pay pensions and social insurance benefits for January and February 2025 during bóng đá hôm nay trực tiếp same payment period as January 2025.

- Implement monthly pension and social insurance benefit payments via personal accounts for recipients for January and February 2025 during bóng đá hôm nay trực tiếp January 2025 payment period, ensuring full and prompt payment for beneficiaries.

- Based on bóng đá hôm nay trực tiếp fund allocation plan from Vietnam Social Security, transfer funds to bóng đá hôm nay trực tiếp provincial post office to promptly execute cash payments for monthly pension and social insurance benefits for January and February following bóng đá hôm nay trực tiếp guidance of Vietnam Social Security.

- Coordinate with bóng đá hôm nay trực tiếp postal agency to inform beneficiaries of bóng đá hôm nay trực tiếp payment schedule for January and February 2025 during bóng đá hôm nay trực tiếp January 2025 payment period.

- Strengthen inspection and supervision of bóng đá hôm nay trực tiếp payment process to beneficiaries, and promptly coordinate to resolve and address any issues arising during implementation.

(3) Vietnam Post Corporation directs its subordinate units to cooperate with social insurance agencies to develop a plan for monthly pension and social insurance benefit payments for January and February 2025 within bóng đá hôm nay trực tiếp January 2025 payment period, providing bóng đá hôm nay trực tiếp most convenient conditions for beneficiaries during bóng đá hôm nay trực tiếp Lunar New Year; organize home payments for bóng đá hôm nay trực tiếp elderly, lonely, sick, or incapacitated who cannot collect their payments at designated points; conduct communication and notify monthly pension and social insurance beneficiaries about bóng đá hôm nay trực tiếp lump-sum payment mentioned above.

Thus, pensions for January and February 2025 will be paid in a lump sum during bóng đá hôm nay trực tiếp same payment period as pensions and social insurance benefits for January 2025.

See more about Official Dispatch 4791/BHXH-TCKT of 2024...Download

Vietnam: Official Dispatch 4791 on bóng đá hôm nay trực tiếp lump-sum payment of 2 months' pension before bóng đá hôm nay trực tiếp 2025 Tet holiday promulgated?(Image from bóng đá hôm nay trực tiếp Internet)

Vietnam: How will bóng đá hôm nay trực tiếp pension be adjusted from July 1, 2025?

Based on Article 67 of bóng đá hôm nay trực tiếpSocial Insurance Law 2024(effective from July 1, 2025) which prescribes bóng đá hôm nay trực tiếp adjustment of pensions as follows:

Adjustment of pensions

1. Pensions are adjusted based on bóng đá hôm nay trực tiếp increase rate of bóng đá hôm nay trực tiếp consumer price index in accordance with bóng đá hôm nay trực tiếp capacity of bóng đá hôm nay trực tiếp state budget and social insurance fund.

2. Make appropriate increases to pensions for those with low pensions and who retired before 1995 to narrow bóng đá hôm nay trực tiếp disparity in pensions between retirees of different periods.

3. bóng đá hôm nay trực tiếp Government of Vietnam prescribes bóng đá hôm nay trực tiếp timing, subjects, and levels of pension adjustment as regulated in this Article.

Based on existing law, Article 57 of bóng đá hôm nay trực tiếpSocial Insurance Law 2014regulates bóng đá hôm nay trực tiếp adjustment of pensions as follows:

Adjustment of pensions

bóng đá hôm nay trực tiếp Government of Vietnam regulates bóng đá hôm nay trực tiếp pension adjustment based on bóng đá hôm nay trực tiếp increase rate of bóng đá hôm nay trực tiếp consumer price index and economic growth, in line with bóng đá hôm nay trực tiếp state budget and social insurance fund.

Thus, from July 1, 2025, additional regulations provide for appropriate pension increases for those with low pensions and who retired before 1995 to ensure narrowing bóng đá hôm nay trực tiếp pension gap among retirees of different periods.

Are pensions taxable in Vietnam?

Based on bóng đá hôm nay trực tiếp provisions of Article 4 of bóng đá hôm nay trực tiếpPersonal Income Tax Law 2007(amended by Clause 2 Article 1 of bóng đá hôm nay trực tiếpLuật thuế thu lịch trực tiếp bóng đáand supplemented by Clause 3 Article 2 of bóng đá hôm nay trực tiếpAmended Tax Laws 2014), which includes tax-exempt income:

Tax-exempt income

...

5. Income of households and individuals directly engaged in agriculture, forestry, salt production, aquaculture, and fishing not yet processed into other products or only through preliminary processing.

6. Income from bóng đá hôm nay trực tiếp conversion of agricultural land of families and individuals allocated by bóng đá hôm nay trực tiếp State for production.

7. Income from interest on deposits at credit institutions or life insurance contracts.

8. Income from remittances.

9. Night work and overtime wages are higher than daytime or regular hour wages as prescribed by law.

10. Pension paid by bóng đá hôm nay trực tiếp Social Insurance Fund; pension paid monthly by a voluntary pension fund.

...

Thus, pensions are exempt from personal income tax, so high or low pensions do not affect bóng đá hôm nay trực tiếp tax payment level on personal income.