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THE PROACTIVE MANAGEMENT OF WAGE LABOR COMPLIANCE PROCEDURE

THE PROACTIVE MANAGEMENT OF WAGE LABOR COMPLIANCE PROCEDURE

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Wage Labor Compliance Procedures - The Proactive Management

Labor relationship includes the relationship between employers and employees, the relationship between employers and tax department, insurance department, and other competent state agencies. This is not only the requirement for proper management but also the tools to support internal governance, risk management. VIVA would like to share the proactive management of wage labor compliance procedures to support HR management in particular and business management in general.

Some notices on HR management and proactive management of wage labor compliance procedures:

  1. Labor cost is not only salary – bonus – benefits but also deductions amount, relevant to social insurance, medical insurance, Personal Income Tax, Business Income Tax, and other administrative procedure as well as other obligations of employers.
  2. For example, when carrying out the procedure for granting ABTC card for management level, competent state agencies will review the declaration and paying insurance, if the enterprise pays late or lacking 100.00 VND, they will be considered as not comply procedure, regardless of whether they paid 10 million or 100 million each month…
  3. During the operation process, an enterprise may face with the situation as employee violate disciplinary action, labor dispute, labor accident
  4. In the near future, Vietnam will have an enterprise credit center, which will integrate information on the tax debt, insurance debt, bank debt… to provide independent information for partners, if the enterprise unable to manage the debt balance account 100.000 VND to pay insurance, it may affect the credit index of an enterprise.

Based on strong professional knowledge and experience in the environment and local business culture, we hope to help our customer comply properly – fully – optimize administration requirements of relation labor, contribute to developing business culture, protecting business interests, optimizing business results for each year and throughout the years to come.

PLEASE NOTE THAT 06 IMPORTANT TASKS REGARD WAGE LABOR COMPLIANCE PROCEDURES BELOW NEED TO BE COMPLETED

  1. Collect and complete each employee’s profile – Make and update employee management books according to regulations.
  2. Prepare new labor contracts, labor contract appendices, appointment letters … for employees who have changes in income – welfare – job position. Update terms of welfare, allowance, information privacy, conflict of interest …
  3. Carry out procedures for personal income tax finalization for each employee which was entitled to authorize the settlement.
  4. Carry out procedures for issuing PIT withholding receipts for employees who have worked for less than 12 months, or are subject to direct finalization of 2018 PIT with the tax authorities.
  5. Update regional minimum wage and deduction – declare insurance under new regulations.
  6. For foreign workers, it is necessary to check carefully, distinguish between residents and non-residents, if they have global income or not, if they are related to the countries that have signed the agreement to avoid double taxation times with Vietnam, gathering letters confirming income from the parent company, tax receipts from abroad …

BESIDES, PLEASE ALSO NOTE FOR 04 OTHER IMPORTANT PROCEDURES THAT NEED TO HAVE COMPLIED

  1. Complete and promulgate Rules – labor discipline, collective labor agreement.
  2. Complete and issue remuneration regulations.
  3. Complete – issue – register and apply the salary scale system.
  4. Set up – storage the entire system of compliance record on labor relations according to standards and systems, including Employee Profile – Labor Contract – Salary Profile – Insurance Profile – Personal Income Tax – Records of termination of labor relations – Internal policy regulations

With our full package service of HR management, following customers’ expectation and demand, VIVA will assign the HR Team who has experience in management – implementation and comprehensive guarantee for any arising issue relating to wage labor compliance procedures.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

 

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