Registering for social insurance for the first time is a mandatory procedure, demonstrating compliance with the law and protecting the rights of employees for businesses today.
BENEFITS OF USING SOCIAL INSURANCE CONSULTING, MANAGEMENT, AND REGISTRATION SERVICES
Possessing complete Labor and Payroll records (State-owned enterprises, Vietnamese enterprises)
SERVICE FEE SCHEDULE FOR INITIAL SOCIAL INSURANCE REGISTRATION
(Price list is for reference only)
Unit: Copper
(If your company employs foreign workers, please contact us for a specific fee quote.)
How can I participate in social insurance in order to include my salary as a deductible expense?
Currently, businesses are required to participate in mandatory social insurance for their employees, ensuring that the correct amount and income subject to social insurance contributions are included in expenses. If a business's social insurance contribution amount differs from the declared salary amount used for expense calculation, the risk of being audited is very high.
Businesses need to prepare three complete sets of documents for employees, including:
– Employment records
– Payroll records
– Social insurance records
Businesses MUST complete all three sets of documents to have a basis for explaining to inspection and auditing agencies and to avoid being subject to retroactive tax collection.
See Article 216 of the 2015 Penal Code, as amended in 2017.
Compulsory insurance includes: Social insurance (BHXH), health insurance (BHYT), unemployment insurance (BHTN), and occupational accident and disease insurance (BHTNLD-BNN), specifically as follows:
+ Subjects liable for social insurance contributions: Section 1, Article 4, Decision 595/QD-BHXH
+ Subjects required to pay health insurance: Section 4, Article 17, Decision 595/QD-BHXH
+ Subjects required to pay unemployment insurance: Section 3, Article 13, Decision 595/QD-BHXH
+ Subjects eligible for occupational accident and disease insurance: Section 5, Article 21, Decision 595/QD-BHXH.
