Many businesses have questions about which income sources are subject to mandatory social insurance contributions and which are not in 2019. Furthermore, in 2019, Vietnam Social Insurance issued Official Letter No. 530/BHXH-BT regarding the review, exploitation, and control of the development of social insurance participants through data provided by the tax authorities.
Simultaneously, strengthen the organization of unscheduled specialized inspections of social insurance contributions in 2019.Tax authorities review social insurance participants.).
Therefore, correctly identifying which contributions are subject to and which are not subject to mandatory social insurance contributions is one of the issues that businesses must update and comply with in accordance with the regulations of the 2019 Social Insurance Law.
Social Insurance Law of 2019
The above regulations are based on:
– Social Insurance Law 2014; Decree 115/2015/ND-CP guiding the Social Insurance Law on compulsory social insurance;
– Circular 47/2015/TT-BLDTBXH provides guidance on the implementation of labor contracts, labor discipline, and material liability under Decree 05/2015/ND-CP guiding the implementation of the Labor Code, issued by the Minister of Labor, War Invalids and Social Affairs;
– Circular 59/2015/TT-BLDTBXH, issued by the Minister of Labor, War Invalids and Social Affairs, provides detailed regulations and guidance on the implementation of several articles of the Law on Social Insurance regarding compulsory social insurance.
– Decree 143/2018/ND-CP provides detailed regulations on the Law on Social Insurance and the Law on Occupational Safety and Health regarding compulsory social insurance for foreign workers working in Vietnam;
– Decision 595/QD-BHXH dated April 14, 2017 on the procedures for collecting social insurance, health insurance, unemployment insurance, occupational accident insurance, and occupational disease insurance.
