Vietnam Payroll

Vietnam Payroll Services

• Payroll Processing: We handle all aspects of payroll processing, including calculating gross salaries, wages, and other earnings, ensuring compliance with Vietnamese labor laws.

• Onboarding new employees: We will import your employee data and prepare general templates to set up the payroll system to your specific needs, regardless of what compensation and benefits policy your company has.

• Tax Withholding and Remittance: We accurately withhold and remit personal income tax (PIT) and other statutory deductions to the appropriate authorities.

• Social Insurance Contributions: We manage the calculation and payment of social insurance, health insurance, and unemployment insurance contributions for both employers and employees.

• Payslip Generation and Distribution: We generate and distribute detailed payslips to employees, either in hard copy or electronic format, in accordance with legal requirements.

• Payroll Reporting: We prepare and submit all necessary payroll reports to local authorities, ensuring compliance with reporting obligations.

Benefits of our Vietnam Payroll Services

• Dedicated Account Manager: We assign a dedicated account manager to each client as the first point of contact for all Asia business.
• Confidentiality and Security: We maintain strict confidentiality and security measures to protect your employees’ sensitive payroll data.
• Reduced Administrative Burden: By outsourcing payroll to us, you can free up your internal resources to focus on your core business operations.
• Timely and Efficient Processing: We streamline payroll processing, ensuring that employees are paid accurately and on time, every time.

Personal Income Tax in Vietnam

Personal Income Tax (PIT) in Vietnam is calculated based on an employee’s taxable income, which includes salary, wages, and other benefits. It is a progressive tax, meaning that higher incomes are taxed at higher rates. Employers are responsible for withholding PIT from their employees’ salaries and remitting it to the tax authorities.

Social Security in Vietnam

Vietnam has a social security system that includes mandatory contributions from both employers and employees. These contributions fund social insurance, health insurance, and unemployment insurance. Social insurance provides benefits for retirement, sickness, maternity, and occupational accidents. Health insurance covers medical expenses, while unemployment insurance provides financial support to eligible individuals who have lost their jobs.

Engage MSA to Handle your Vietnam Payroll

MSA are specialists in Vietnam expansion and hiring. Engage MSA to streamline your Vietnam payroll, ensuring employees are paid accurately and on time. To learn more, get in touch with one of our Vietnam payroll experts.