From 2018, what income is not subject to social insurance contributions?
From January 1, 2018, in addition to the monthly salary for social insurance contributions, many additional income items of employees will be added as the basis for calculating compulsory social insurance contributions. However, the monthly salary for compulsory social insurance contributions will not include other benefits and welfare.
In addition to the income subject to compulsory social insurance contributions according to current regulations, from January 1, 2018, many additional income items of employees will be added as the basis for calculating compulsory social insurance contributions.
This is a notable content stipulated in Clause 2, Article 30 of Circular 59/2015/TT-BLDTBXH detailing and guiding the implementation of a number of articles of the 2014 Social Insurance Law on compulsory social insurance.
Specifically, other additional provisions are stipulated in Point a, Clause 3, Article 4 of Circular 47/2015/TT-BLDTBXH guiding the implementation of labor contracts, labor discipline, and material responsibility of Decree 05/2015/ND-CP.
Accordingly, the monthly salary for social insurance payment is the salary, salary allowances and other supplements as prescribed by labor law stated in the labor contract. The supplements are determined by specific amounts along with the salary agreed in the labor contract and paid regularly in each pay period.
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From January 1, 2018, many additional income items of employees will be added as the basis for calculating compulsory social insurance contributions. |
However, the monthly salary subject to compulsory social insurance will not include other benefits and allowances, such as bonuses as prescribed in Article 103 of the Labor Code.
According to Vietnam Social Security, the lowest monthly salary for compulsory social insurance is equal to the regional minimum wage; the highest is 20 times the basic salary as prescribed by the Government.
As for those receiving salaries regulated by the State, from January 1, 2018, the salary used as the basis for compulsory social insurance contributions is still the salary according to the salary scale, rank, military rank and position allowances, seniority allowances exceeding the salary scale, seniority allowances according to the basic salary level prescribed for each period.
The monthly salary for social insurance contributions for people doing the simplest job or position in normal working conditions must not be lower than the regional minimum wage; jobs or positions requiring trained or apprenticed workers (including workers trained by the enterprise itself) must be at least 7% higher than the regional minimum wage; jobs or positions with arduous, toxic, or dangerous working conditions must be at least 5% higher; jobs or positions with especially arduous, toxic, or dangerous working conditions must be at least 7% higher than the salary of jobs or positions of equivalent complexity working in normal working conditions.
14 income items not subject to social insurance contributions from January 2018, including: 1. Bonus as prescribed in Article 103 of the 2012 Labor Code 2.Innovation bonus 3. Meal allowance 4. Gasoline allowance 5. Phone support money 6. Travel allowance 7. Childcare support money 8. Housing support money 9. Child support 10. Support money for employees whose relatives die 11. Support money for workers whose relatives get married 12. Support money for employees' birthdays 13. Allowance for workers facing difficult circumstances due to work accidents or occupational diseases. 14. Other support and allowances are recorded as separate items in the labor contract according to Clause 11, Article 4 of Decree 05/2015/ND-CP. |
According to VNN
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