What is the Lunar New Year 2025 holiday schedule for transportation organizations in Vietnam? Is the Lunar New Year 2025 bonus subject to personal income tax in Vietnam?

What is the Lunar New Year 2025 holiday schedule for transportation organizations in Vietnam?

Below is the Lunar New Year 2025 holiday schedule for transportation organizations in Vietnam. To be specific:

Note: Information is for reference only.

What is the Lunar New Year 2025 holiday schedule for transportation organizations in Vietnam? Is the Lunar New Year 2025 bonus subject to personal income tax in Vietnam? (Image from the Internet)

Are transportation organizations required to give Lunar New Year 2025 bonus to employees?

Based on Article 104 of the Labor Code 2019, the regulation concerning bonuses is as follows:

Bonus

1. A bonus is an amount of money or assets or other forms that an employer awards to employees based on production results, business performance, and work completion level of employees.

2. Bonus schemes are decided by the employer and publicly announced at the workplace after consulting with the employees' representative organization, if any.

From the regulation above, it can be seen that the Lunar New Year 2025 bonus is not mandatory but is determined by the employer based on (i) the business production results of the enterprise, (ii) the work completion level of employees.

However, for cases where the company already has a Bonus Scheme (clearly defining cases where employees are entitled to bonuses) and has publicly communicated to employees, the enterprise must pay the bonuses to employees according to the company's Bonus Scheme.

Is the Lunar New Year 2025 bonus subject to personal income tax in Vietnam?

Pursuant to point e, clause 2, Article 2 of Circular 111/2013/TT-BTC, taxable income is regulated as follows:

Taxable Incomes

As regulated in Article 3 of the Personal Income Tax Law and Article 3 of Decree No. 65/2013/ND-CP, taxable incomes include:

...

2. Income from wages and salaries

Income from wages and salaries is income received by employees from employers, including:

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e) Bonuses, whether in cash or not, in all forms, including bonuses in securities, except for bonuses in the following cases:

e.1) Bonuses accompanied by honorary titles awarded by the State, including bonuses associated with honorary titles, awards, as per legal regulations on emulation and commendation, specifically:

e.1.1) Bonuses accompanied by honorary titles like National Emulative Soldier; Emulative Soldier at Ministry, sector, central union, province, centrally governed city level; Grassroots Emulative Soldier, Advanced Laborer, Advanced Soldier.

e.1.2) Bonuses linked to commendation forms.

e.1.3) Bonuses with titles granted by the State.

e.1.4) Bonuses accompanying awards given by Associations, organizations belonging to political Organizations, socio-political Organizations, social Organizations, socio-professional Organizations of central and local levels in accordance with the charter of that organization and in accordance with the Law on Emulation and Commendation.

e.1.5) Bonuses associated with the Ho Chi Minh Award, State Award.

e.1.6) Bonuses accompanying commemorative medals, badges.

e.1.7) Bonuses linked to Certificates of Merit, Commendations.

The authority to make commendation decisions and the bonus levels associated with honorary titles and forms of commendation must comply with the Law on Emulation and Commendation.

e.2) Bonuses tied to national or international awards recognized by the Government of Vietnam.

e.3) Bonuses for technical innovations, inventions, recognized by competent state agencies.

e.4) Bonuses for reporting violations of the law to competent state agencies.

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Therefore, it can be concluded that the Lunar New Year 2025 bonus is subject to personal income tax. However, employees only have to pay taxes after deduction of allowable exemptions if they still meet the threshold for income tax payment.