Social, health, and unemployment insurance contributions
Mandatory employee SI, HI, and UI contributions are deductible for PIT purposes. Contributions to local voluntary pension schemes are deductible (subject to a cap). Contributions to mandatory overseas social and health insurance schemes can also be deducted.
Contributions to certain approved charities can be deducted.
Effective from 1 January 2020, personal allowances are allowed as follows:
- Personal allowance: VND 11 million per month. All tax resident individuals are automatically entitled to this allowance.
- Dependant allowance: VND 4.4 million per dependant per month. The dependant allowance is not automatically granted, and the taxpayer needs to register qualifying dependants and provide supporting documents to the tax authority.