{"id":3427,"date":"2021-12-08T11:17:49","date_gmt":"2021-12-08T04:17:49","guid":{"rendered":"https:\/\/pl-partners.vn\/?p=3427"},"modified":"2023-01-12T15:40:48","modified_gmt":"2023-01-12T08:40:48","slug":"is-tet-bonus-subject-to-social-insurance-contribution-and-personal-income-tax","status":"publish","type":"post","link":"https:\/\/pl-partners.vn\/en\/is-tet-bonus-subject-to-social-insurance-contribution-and-personal-income-tax\/","title":{"rendered":"Is “Tet bonus” subject to social insurance contribution and personal income tax?"},"content":{"rendered":"

Being one of the benefit regimes besides salary, allowance, KPI bonus, etc., “Tet bonus”<\/strong> is also believed to be a great concern for employees. Currently, enterprises are not obliged to give Tet bonus by the law, and Tet bonus can be in cash or in kind depending on each company’s bonus regulation. This is only seen as an amount with the purpose of encouraging employees’ morale. However, many employees, even employers, still get confused about whether the Tet bonus they receive will be included in the payment of social insurance and personal income tax or not.<\/span><\/p>\n

PL & Partners would like to deliver to readers the analysis and answers to the above questions as follows.<\/span><\/p>\n

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Tet bonus is known as a form of bonuses specified in Article 104 of the Labor Code 2019<\/span>:<\/span><\/p>\n\n\n\n
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\u201c<\/em>Article 104. Bonuses <\/em><\/strong><\/span><\/p>\n

1. A bonus is a monetary amount, asset, or other type of benefit provided by an employer to reward employees based on production or business outcomes or the performance of the employees.<\/em><\/span><\/p>\n

2. The regulation on bonuses shall be decided and publicly announced at the workplace by the employers after consultation with employees’ representative organizations at the grassroots level where such organizations exist.<\/em>\u201d<\/em><\/span><\/p>\n

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Is<\/strong> Tet bonus<\/strong> required for social insurance<\/strong> payment?<\/strong><\/span><\/p>\n