What day is 28th day of the 12th month of the lunar calendar in 2025? Is lucky money subject to personal income tax in Vietnam?

What day is 28th day of the 12th month of the lunar calendar in 2025? What day does 28th day of the 12th month of the lunar calendar fall on in the Tet holiday in Vietnam ?

Based on the Perpetual Calendar of January 2025 as follows:

Thus, 28th day of the 12th month of the lunar calendar will fall on Monday, January 27, 2025 (corresponding to the lunar date of 28th day of the 12th month of the lunar calendar, 2024, which is January 27, 2025, in the solar calendar).

Additionally, 28th day of the 12th month of the lunar calendar this year is also understood as the 29th day of the Tet holiday 2025 (since this year there is no 30th day of Tet).

On 28th day of the 12th month of the lunar calendar this year, every household is busy finishing preparations to welcome the new year. This is the time when families clean their houses, clean the altars, and decorate the fruit tray to be ready for New Year's Eve. Traditional dishes such as Banh Chung, Banh Tet, jellied meat are also meticulously prepared for the family to enjoy together in the early days of the year.

Besides cooking and cleaning, many families also organize the making of Banh Chung or visit ancestral graves. Important ceremonies such as the year-end offering or the welcoming ancestors' ceremony are usually conducted on this day. The solemn offerings aim to remember the ancestors and wish for a peaceful and prosperous new year.

Note: The information is for reference only!

What day is 28th day of the 12th month of the lunar calendar in 2025? What day does 28th day of the 12th month of the lunar calendar fall on in the Tet holiday in Vietnam? (Image from the Internet)

Is lucky money subject to personal income tax in Vietnam?

Giving lucky money at the beginning of the year is a long-standing tradition of Vietnamese people. Whether in the past or present, this custom has always been preserved and has become an indispensable cultural beauty in the days of Tet. Lucky money can be received from relatives, family, or from the company. So, from which party receiving lucky money is taxable? Specifically:

(1) Lucky money from family, relatives

Based on the provisions in clause 10 Article 2 of Circular 111/2013/TT-BTC regulating personal income tax on gift income as follows:

Taxable Income Items

...

10. Income from receiving gifts

Income from receiving gifts is income that individuals receive from organizations or individuals both inside and outside the country. Specifically:

a) For receiving gifts as securities including stocks, stock purchase rights, bonds, treasury bills, fund certificates, and other types of securities as prescribed by the Securities Law; shares of individuals in joint-stock companies as prescribed by the Enterprise Law.

b) For receiving gifts as ownership in economic organizations, business establishments including capital in limited liability companies, cooperatives, partnerships, business cooperation contracts, capital in private enterprises, individual business establishments, capital in associations, funds permitted to be established by law or the entire business establishments if they are private enterprises, individual business establishments.

c) For receiving gifts as real estate including: land use rights; land use rights with assets attached to the land; ownership of houses, including future houses; infrastructure and construction works attached to the land, including future construction works; land rental rights; water surface rental rights; other income received from inheritance as real estate in any form; except for income from gifts as real estate guided at point d, clause 1, Article 3 of this Circular.

d) For receiving gifts as other assets required to be registered for ownership or use rights with state management agencies such as: cars; motorbikes; boats, including barges, canoes, tugboats, pushboats; ships, including yachts; aircraft; hunting guns, sports guns.

According to the above regulations, there is no provision for individual income from gifts in cash to be subject to personal income tax.

Thus, income from gifts as lucky money from relatives is not subject to personal income tax.

(2) Lucky money from the company:

Based on point e clause 2 Article 2 of Circular 111/2013/TT-BTC regulating taxable income as follows:

Taxable Income Items

...

2. Income from wages and salaries

Income from wages and salaries is income an employee receives from an employer, including:

...

e) Bonuses in cash or non-cash forms in any form, including bonuses in securities, except for the following bonus payments:

e.1) Bonuses attached to titles awarded by the State, including bonuses associated with emulation titles, reward forms as prescribed by the law on emulation and commendation, specifically:

e.1.1) Bonuses attached to emulation titles such as National Emulation Fighter; Emulation Fighters of the Ministry, Central Agencies, Provinces, and Cities under Central authority; Grassroots, Advanced Labor, Advanced Fighters.

e.1.2) Bonuses attached to reward forms.

e.1.3) Bonuses attached to titles awarded by the State.

e.1.4) Bonuses attached to awards awarded by Associations, organizations belonging to Political Organizations, Political - Social Organizations, Social Organizations, Social - Professional Organizations at the Central and local levels according to the charter of those organizations and in accordance with the Law on Emulation and Reward.

e.1.5) Bonuses associated with Ho Chi Minh Prize, National Prize.

e.1.6) Bonuses associated with Commemorative Medals, Badges.

e.1.7) Bonuses associated with Certificates of Merit, Commendations.

The authority to make reward decisions and the amount of bonus attached to emulation titles and reward forms mentioned above must comply with the provisions of the Law on Emulation and Commendation.

e.2) Bonuses associated with national or international awards recognized by the Vietnamese State.

e.3) Bonuses related to technical innovations, inventions, patents recognized by competent state agencies.

e.4) Bonuses for detecting and reporting legal violations to competent state agencies.

...

Thus, the lucky money from the company is considered a bonus and this amount is not among the bonus amounts exempt from personal income tax.

Therefore, the lucky money from the company is an income subject to personal income tax.

What is the responsibility of the company in declaring and paying tax on lucky money in Vietnam?

Pursuant to Article 24 Personal Income Tax Law 2007 (amended by clause 6 Article 1 of Personal Income Tax Law amendment 2012) governing the responsibility of declaration, withholding, payment, and settlement of tax by organizations as follows:

Responsibility of organizations, individuals paying income and responsibility of resident individual taxpayers

1. The responsibility for declaration, withholding, payment, and tax settlement is as follows:

a) Organizations, individuals paying income have the responsibility to declare, withhold, pay tax to the state budget and settle tax for taxable incomes paid to taxpayers;

b) Individuals with taxable income have the responsibility to declare, pay tax to the state budget, and settle tax according to legal regulations.

2. Organizations, individuals paying income are responsible for providing information on income and dependents of taxpayers under their management in accordance with the law.

3. the Government of Vietnam stipulates suitable tax deduction levels for each type of income specified at point a clause 1 of this Article and tax settlement specified at clause 1 of this Article.

Thus, when a company distributes lucky money to employees, the company has the responsibility to declare, withhold, pay tax to the state budget, and settle tax for this income as it is considered wages and salaries.