Most bonuses, benefits, allowances, and subsidies paid to employees are subject to personal income tax, except in the following cases:
1/ The meal allowance shall not exceed 680.000 VND/person/month.
2. Clothing allowance shall not exceed 5.000.000 VND/person/year.
3. Telephone allowances shall not exceed the limits set by the enterprise itself.
4. Amounts received from organizations or individuals paying income for funeral or wedding expenses for the employee and their family, in accordance with the general regulations of the organization or individual paying the income and consistent with the level of income subject to corporate income tax as defined in the guiding documents implementing the 2018 Corporate Income Tax Law (not exceeding one month's average actual salary in the tax year).
5. The housing allowance shall not exceed 15% of total taxable income (excluding rent for 2018).
6. Overtime pay on holidays, Tet (Lunar New Year), and other days off is higher than on normal days (the difference between this and normal days is not subject to personal income tax).
Explanation for the above guide:
– Based on Articles 2 and 3 of Circular 111/2013/TT-BTC.
– Based on Article 11 of Circular 92/2015/TT-BTC.
