Tax & Legal updates - Alert on the Law of Social Insurance No. 41/2024/QH15

Some of the main changes includes: 

• Expanding the category of participants who eligible for contributing to compulsory social insurance
• Specific regulations on the reference level in place of the minimum basic salary
• Supplementation of social benefits for Social Insurance participants
• Social Insurance payment deadlines
• Supplementing regulations on overdue payment and evasion of social insurance payment
• Notable changes on social insurance regimes

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*Disclaimer:

This is a guide from Forvis Mazars in Vietnam to update the latest developments in tax, accounting and investment environment in Vietnam. The information and analysis or comments herein are of the generic nature and are quoted or interpreted from the regulations. We recommend that the clients contact Forvis Mazars Vietnam’s advisors for further clarification and professional advice for each particular circumstance.