What is the Holiday Schedule for Hung Kings' Commemoration Day in Vietnam in 2025? Is the salary for working on Hung Kings' Commemoration Day 2025 subject to personal income tax in Vietnam?
What is the Holiday Schedule for Hung Kings' Commemoration Day in Vietnam in 2025?
Hung Kings' Commemoration Day 2025 (the 10th day of the 3rd lunar month) is one of the major holidays in Vietnam, commemorating the contributions of the Hung Kings in founding the nation.
The Hung Kings' Commemoration Day 2025 falls on Monday, April 7, 2025, in the Gregorian calendar.
According to Article 112 of the Labor Code 2019, the holiday schedule is stipulated as follows:
Holidays and Tet
- Employees are entitled to leave and receive full pay on the following holidays:
a) New Year's Day: 1 day (January 1, Gregorian calendar);
b) Lunar New Year: 5 days;
c) Victory Day: 1 day (April 30, Gregorian calendar);
d) International Labor Day: 1 day (May 1, Gregorian calendar);
e) National Day: 2 days (September 2, Gregorian calendar, and 1 adjacent day);
f) Hung Kings' Commemoration Day: 1 day (the 10th day of the 3rd lunar month).
- Foreign workers in Vietnam, in addition to the prescribed holidays in Clause 1 of this Article, are also entitled to 1 traditional new year holiday and 1 national day of their country.
3. Annually, based on the actual conditions, the Prime Minister of Vietnam shall determine specific leave days provided in point b and point e of Clause 1 of this Article.
According to current regulations, employees and students across the country will receive a 1-day holiday on this occasion.
Thus, the holiday schedule for Hung Kings' Commemoration Day 2025 might extend for at least 2 consecutive days, including Sunday (April 6) and the holiday itself (April 7).
Is the salary for working on Hung Kings' Commemoration Day 2025 subject to personal income tax in Vietnam?
Pursuant to Article 98 of the Labor Code 2019 regarding overtime pay and night work:
Overtime Pay and Night Work
1. Employees working overtime are paid according to their wage rate or job-specific wage as follows:
a) On a normal day, at least 150%;
b) On a weekly day off, at least 200%;
c) On holidays, Tet, paid leave days, at least 300%, not including wages paid for holidays, Tet, paid leave days for those receiving daily wages.
2. Employees working at night are paid at least an additional 30% of their wage rate or job-specific wage for a regular working day.
3. Employees working overtime at night are paid an additional 20% of their wage rate or job-specific wage for day work on a regular working day, a weekend, or a holiday, Tet beyond what is stipulated in Clauses 1 and 2 of this Article.
4. The Government of Vietnam provides detailed regulations on this Article.
Simultaneously, at point i.1 of point i clause 1 Article 3 of Circular 111/2013/TT-BTC, the tax-exempt income is detailed as follows:
Tax-Exempt Income
1. Based on Article 4 of the Law on Personal Income Tax, Article 4 of Decree No. 65/2013/ND-CP, tax-exempt income includes:
...
**i) Income from wages, salaries for night work, overtime paid higher than regular daily wage, salary as stipulated by the Labor Code. To be specific: as follows:
i.1) The portion of wages, salaries paid higher due to night work, overtime is tax-exempt, based on the actual wage, salary paid for night, overtime minus (-) what is calculated based on a regular working day.
Example 2: Mr. A has a regular daily wage stipulated in the Labor Code of 40,000 VND/hour.
- In case of overtime on a normal day, he is paid 60,000 VND/hour; the tax-exempt income is:
60,000 VND/hour – 40,000 VND/hour = 20,000 VND/hour
- In case of overtime on a weekend or holiday, he is paid 80,000 VND/hour; the tax-exempt income is:
80,000 VND/hour – 40,000 VND/hour = 40,000 VND/hour
...
Therefore, according to the above regulations, if an employee works overtime on the Hung Kings' Commemoration Day 2025 holiday, they are required to pay personal income tax on their regular daily wage and will be exempted from personal income tax on wages paid higher than regular wages.
What are regulations on personal income tax period in Vietnam?
According to Article 7 of the Law on Personal Income Tax 2007, amended by clause 3 Article 1 of the Law on Amendments to Personal Income Tax 2012, the tax computation period is specified as follows:
- The tax computation period for resident individuals is regulated as follows:
+ The annual tax calculation applies to business income; income from wages, salaries;
+ Tax is calculated on each income generation for income from capital investment; income from capital transfers, excluding income from securities transfers; income from real estate transfers; income from winnings; income from royalties; income from franchising; income from inheritance; income from gifting;
+ Tax calculation is done per securities transfer or annually for income from securities transfers.
- The tax period for non-resident individuals is calculated on each income generation event applicable to all taxable income.
