What day is the 26th of the Lunar December, 2025? What is the 2025 Tet holiday schedule of Vietnam? How to calculate personal income tax for Tet bonuses?

What day is the 26th of the Lunar December, 2025? What is the 2025 Tet holiday schedule of Vietnam?

Based on the Lunar Calendar of 2024 and the Gregorian Calendar of 2025, the 26th of Lunar December falls on Saturday, January 25, 2025. This is a time close to the Tet, also known as the 26th of the lunar calendar.

Recently, the Office of the Government of Vietnam issued Official Dispatch 8726/VPCP-KGVX of 2024, conveying the directive of Prime Minister Pham Minh Chinh regarding the Tet holiday and several other holidays in 2025. The Prime Minister agreed with the proposal of the Ministry of Labor - Invalids and Social Affairs as stated in the above documents concerning the Tet holiday.

According to the plan submitted by the Ministry of Labor - Invalids and Social Affairs to the Prime Minister, the Tet in 2025 will allow officials and public employees to have 9 consecutive days off, including 5 days of the Tet holiday and 4 regular days off.

To be specific, officials and public employees as well as employees will have 5 days off for the Tet, from Monday, January 27, 2025, to Friday, January 31, 2025 (i.e., from the 28th of Lunar December, the Year of the Dragon to the 3rd of Lunar January, the Year of the Snake).

However, as all 5 days of the Tet in 2025 fall within the workweek, employees will have an additional 2 days off on the weekend before and 2 days off after the New Year holiday.

Thus, officially, officials and public employees, as well as employees within administrative agencies, professional organizations, political organizations, and socio-political organizations, will have a holiday from January 25 to February 2, 2025 (from the 26th of Lunar December to the end of the 5th of Lunar January).

What day is the 26th of the Lunar December, 2025? What is the 2025 Tet holiday schedule of Vietnam? How to calculate personal income tax for Tet bonuses? (Image from the Internet)

How to calculate personal income tax on Tet bonuses in Vietnam?

Based on point e, clause 2, Article 2 of Circular 111/2013/TT-BTC which stipulates taxable income, the Tet bonus is considered taxable income. Therefore, when calculating personal income tax, taxpayers must include this bonus in the taxable income derived from their salary and wages.

Furthermore, according to Article 7 of Circular 111/2013/TT-BTC amended by clause 6, Article 25 of Circular 92/2015/TT-BTC and clause 2, Article 8 of Circular 111/2013/TT-BTC, the calculation of personal income tax on Tet bonuses is based on the following formula:

Where:

- Taxable Income = Taxable Income - deductions as guided in Article 9 of Circular 111/2013/TT-BTC

- Taxable Income = Total income from salary, wages, fees, Tet bonuses, other income similar in nature to salary, wages received - tax-exempt amounts.

Note: Personal income tax on income from business, salary, wages is the total tax calculated according to each income bracket. Tax for each income bracket is calculated by taxable income of the bracket multiplied (×) by the corresponding tax rate for that bracket.

To be specific, clause 2, Article 7 of Circular 111/2013/TT-BTC stipulates the tax rates and progressive tax brackets as follows:

Thus, based on the above tax calculation formula, to accurately calculate the personal income tax from income including the Tet bonus, one should perform the following steps:

- Step 1: Calculate the total income from salary, wages, Tet bonuses, etc.

- Step 2: Calculate the tax-exempt income (if any).

- Step 3: Calculate the taxable income.

- Step 4: Calculate the deductions.

- Step 5: Calculate the taxable income.

- Step 6: Calculate the tax payable.

How are employees paid if they work during the Tet holiday in Vietnam?

Based on Article 98 of the Labor Code 2019, which stipulates the wages for overtime work and work performed at night as follows:

Wages for overtime work and work performed at night

1. employees who work overtime shall be paid based on their wage unit price or the actual wages paid for the work being performed, as follows:

a) On regular days, at least 150%;

b) On weekly days off, at least 200%;

c) On public holidays, Tet, or paid days off, at least 300% not including the holiday pay, Tet, or paid days off for those on daily wages.

2. employees who work during night time shall be additionally paid at least 30% of the wage calculated based on the wage unit price or the actual wage paid for normal working days.

3. employees who work overtime at night, in addition to wages as prescribed in clauses 1 and 2 of this Article, shall also be paid an additional 20% of the wage calculated based on the wage unit price or the actual wage for the daytime work of regular working days or weekly days off or Tet days.

4. The Government of Vietnam shall elaborate on this Article.

Furthermore, Article 112 of the Labor Code 2019 stipulates holidays and Tet as follows:

Holidays and Tet

1. employees shall be entitled to fully paid days off on the following holidays and Tet:

a) New Year's Day: 01 day (January 1 of the Gregorian calendar);

b) Tet: 05 days;

c) Victory Day: 01 day (April 30 of the Gregorian calendar);

d) International Labor Day: 01 day (May 1 of the Gregorian calendar);

e) National Day: 02 days (September 2 of the Gregorian calendar and 01 day immediately before or after);

f) Hung Kings' Commemoration Day: 01 day (10th day of the 3rd lunar month).

....

Thus, employees who work during the Tet will receive the usual day's wage and an additional pay of at least 300% of a regular day's wage.

In the case of working nights during the Tet, employees are paid at least an additional 30% of the wage calculated on the wage unit price or actual wage paid for normal working days.

If employees do overtime at night during the Tet, they are paid an additional 20% of the wage calculated based on the wage unit price or wage for daytime work of regular or Tet days.