My company has bought health insurance for employees who work directly or have exposured chemicals. If I am bought this insurance, do I have to pay personal income tax? Looking forward to your consultant.
FDVN’s Opinions
Thank you for sending your questions to FDVN Law Firm (FDVN). For your consulting requirements, after studying the relevant laws, FDVN would like to give you the opinion as follows:
It is stipulated in Point dd.2 Clause 2 Article 2 of Circular No. 111/2013 / TT-BTC dated August 15, 2013, of the Ministry of Finance guiding on personal income taxable incomes that:
“dd) Other benefits in cash or not in cash apart from wages paid to the taxpayer by the employer in any shape or form:
dd.2) The life insurance premiums, other optional insurance premiums, contributions to the voluntary pension fund paid or made by the employer on the employee’s behalf.”
Besides, Clause 3, Article 11 of Circular No. 92/2015 / TT-BTC dated June 15, 2015, clearly states: “If the employer buys optional insurance without accrual of premiums for employees (including insurance of insurers that are not established under Vietnam’s law but permitted to sell insurance in Vietnam), such premiums shall not be included in the taxable income of employees.”
According to the above guidance, the health insurance that the employer buys for the employee is optional insurance without accrual of premiums for employees and it is not included in the taxable income of the employees.
The above opinion is FDVN’s opinion related to your request. Hopefully, it will be useful to you.
Hoàng Trần Ngọc Anh - FDVN Law Firm
CONTACT US:
Lawyers in Da Nang:
99 Nguyen Huu Tho, Quan Hai Chau, Da Nang city
Lawyers in Hue:
56A Dien Bien Phu, Hue City, Thua Thien Hue
Lawyers in Phu Quoc:
65 Hung Vuong, Duong Dong town, Phu Quoc island district
Lawyers in Quang Ngai:
359 Nguyen Du, Quang Ngai City, Quang Ngai Province.
Lawyers in Ha Noi
Room 501, 5th Floor, No. 11, Lane No. 183, Dang Tien Dong Street, Dong Da District, Ha Noi
Lawyers in Nghe An
No. 19 V.I Lenin street, Vinh City, Nghe An Province
Website: www.fdvn.vn www.fdvnlawfirm.vn www.diendanngheluat.vn www.tuvanphapluatdanang.com
Email: fdvnlawfirm@gmail.com luatsulecao@gmail.com
Phone: 0935 643 666 – 0906 499 446
Fanpage LUẬT SƯ FDVN: https://www.facebook.com/fdvnlawfirm/
Legal Service For Expat: https://www.facebook.com/fdvnlawfirmvietnam/
TỦ SÁCH NGHỀ LUẬT: https://www.facebook.com/SayMeNgheLuat/
DIỄN ĐÀN NGHỀ LUẬT: https://www.facebook.com/groups/saymengheluat/
Other Articles
- Cornell (part 3) - Remove from power
- Cornell - Working life part 2
- [Collocation & Sentences] Topic: Economy
- Working Life: A company commercial lawyer
- What should a foreign lawyer do to be licensed to practice law in Viet Nam?
- Conditions for Granting certificate of postal operation
- A dossier for applying for Vietnamese nationality in case of individuals of Vietnamese origin not registered for birth in Vietnam
- What to do when an enterprise pays social insurance late?
- Request the Court to modify the contract due to fundamental change of circumstances - From regulations to practice
- Collection of Legal Regulations regarding Personal Data Protection in some countries around the world
- Collection of Income Tax Laws of some countries
- Collection of Nationality Laws of some countries in Asia
- Collection of Laws on Forestry of some countries
- Collection of Laws on Marriage and Family of some countries
- Collection of Accounting Laws of some countries
- Boost your legal English listening skill with FDVN: Civil procedure