Dear Valued Clients,
A written salary & wages policy is not only a powerful internal regulation for management but also a helpful mean to optimize the required compliance procedures. A salary & wages policy shall consist of:
- Definition of total incomes that an employee can receive during the employment period, including Tittle salary & wages, allowances & bonuses, and other tangible and intangible benefits.
- Terms and calculation methods on the incomes and other benefits.
- Payment methods and procedures for each employee and
- Enhance a fair and transparent relationship between the employer and employees. Supporting a better working environment where there is a better life for employees and more stabilization development for the
- Complied properly with local labour laws and regulations, optimizing labour cost, compulsory insurance, personal income tax, and corporate income tax.
Experienced in local labour laws and regulations since 2006, VIVA is always getting ready for solutions and resources that help our clients in reviewing and issuing written salary & wages policy in tailored made manners.
Please don’t hesitate to contact our experts for any queries or questions.
Read more:
- Labor compliance procedures: Registration internal labor regulations
- Labor relations management in Vietnam: The key compliance procedures
- Type of labor contracts in Vietnam: How to terminate by the employer?
- Taxable incomes from wages and remunerations
- The annual licensing fees
- Important notices regarding the methods of personal income tax declaration in Vietnam
- Personal income tax (PIT): annual pit settlement key notes
- Investment in Vietnam: incentives on corporate income tax (CIT)
- Tax compliance procedures for year-end: exclusive notices for CEO
