I. Before March 3, 2018, any labor change (if any) arising in February 2018 must be informed
Paragraph 2 Article 16 of the Circular No. 28/2015/TT-BLDTBXH provides that:
If an enterprise has any (increasing/decreasing) adjustment in the number of its employees, it is obliged to send a notification of this to the Employment Support Center operating at the place of its establishment before the 3rd of the succeeding month.
At present, as certain local jurisdictions have started using software for informing labor changes, enterprises need to be aware of whether local jurisdictions where they are located have provided such service so that they can use it accordingly.
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II. Before March 31, 2018
1. Payment of SI, HI and UI accrued in March 2018
By the end of a month at the latest, enterprises will set aside funds to pay compulsory SI, HI and UI contributions from the monthly payroll of employees participating in SI, HI and UI (in accordance with Article 7 of the Decision No. 595/QD-BHXH dated April 14, 2017).
Also, they will set aside funds from each employee’s monthly salary for payment of the aforesaid insurance contributions at the prescribed rate to social security offices at the districts where their headquarters and branches are located and to social security offices at the places where their branches are operated.
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2. Payment of Labor Union fees arising in March 2018
This is considered obligations incurred by enterprises, irrespective of those whose labor union has been established or not.
Rate of labor union fee is 2% of the payroll recording total base salary used as the basis for calculation of social security contributions paid to employees.
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3. 2017 CIT finalization
Subparagraph d paragraph 3 Article 10 of the Circular No. 156/2013/TT-BTC prescribes that, by the 90th day from the end date of calendar year or financial year (with respect to enterprises using the accounting period which is different from the calendar year) at the latest, enterprises are required to tax finalization documentation to the Tax Subdepartment by which they are directly controlled.
Therefore, in order to avoid any delay in accomplishing tax finalization task, enterprises are advised to do so before March 31, 2018.
(Click here to see CIT finalization documentation)
4. 2017 PIT finalization
Subparagraph d paragraph 1 Article 16 of the Circular No. 156/2013/TT-BTC provides that, by March 31, 2018 at the latest, enterprises are required to complete PIT finalization task, irrespective of whether tax withholdings arise or not, and even if they act on behalf of individuals authorizing tax finalization.
Where enterprises do not incur any payment of income from salary or wages in a tax year, they are not required to carry out PIT tax finalization.
(Click here to see PIT finalization documentation)
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